Governments are known for wasting money. Why?

- People who spend the money didn't have to earn it,
- Decisions are democratic, so it's hard to hold people accountable for wasted money,
- Money is public, so people treat it more lightly than their own $.

How do DAOs ensure they don't become like governments?

/ted | exploring the onchain frontier | surfing @ venice, ca | eating @ gjusta / gjelina

cto @ bwl.gg (lunchbreak.com), 80M+ users (bdut.ch) 🙏 built @remindme, @mintit, @gpt, @healthbot, farcantasy.xyz

Working on /niche-internet
Building @kiwi 
Podcasting @ web3talks.xyz
Sharing golds @ goldmine3.xyz

Increasingly coming around to the idea of quadratic voting and retroactive funding as an interesting solution. Curious to see how it scales up. Shout out to @ted and @farcasteradmin.eth

c/acc - 🏴‍☠️🌊 Bring me that Horizon 🍹
Gold League of Legends player

http://icebreaker.xyz/syed.fc

Thanks for sharing, will listen tomorrow at the gym and share my thoughts ❤️

thanks, @syed! quadratic voting isn't perfect, but it worked p well in Colorado.

also @macbudkowski, encourage you to check out @erik's conversation with Joe Lonsdale on his new pod "Upstream": https://www.youtube.com/watch?v=9hSkrLQw-Eg. Lots of talk about aligning incentives, accountability, etc. lmk what you think!

I'm a massive fan of retroactive funding 🚀