#Understanding DAO

[a-drama-addict]

not caring too much about a fandom’s favourite guy is the worst. you’ll think “oh i’ll look into the tag see if anything new and cool’s there” and it’s just that fucking guy again

[lilkikibat]

@epistemologys commissioned me to draw a reimagined illustration of the Phoenix Mountain Kiss. In this version, LWJ doesn’t run away just as WWX kisses back.

It ended up with a very wrecked, sweaty WWX getting his boobas fondled. Yeah, this extremely was fun.

THANKS EPI!!!!

[illuminchim]

Character sheet of Lan “You Are Not Qualified to Talk To Me” Zhan 🐰

[boopathi-writes]

Understanding DAOs: Deciphering the Power of Blockchain-Based Governance

Decentralized Autonomous Organizations (DAOs) are organizational structures based on blockchain technology . They use smart contracts so that investors have a say in decisions. Successful examples of DAOs include community funding and governance projects. However, the most well-known DAO, The DAO, experienced a crash due to a bug in its code. This led to improvements in security and changes in the crypto community. DAOs promote transparency and democracy in decision-making, but they also face legal and governance challenges.They have future potential in various areas, including politics.

What is a DAO?

Decentralized Autonomous Organizations (DAOs) are organizational structures based on blockchain technology that allow investors to have a say in the organization's decisions. They are an innovative form of collaborative and decentralized governance in which decisions are made collectively and democratically.

Definition and concept of DAO

A DAO is defined as an autonomous, decentralized entity that operates through smart contracts on a blockchain. These contracts contain rules and protocols that determine how decisions are made and how transactions are carried out. The concept of DAO is based on the idea of ​​​​eliminating intermediaries and giving decision-making power to participants. Unlike traditional organizations with centralized structures, DAOs allow all community members the opportunity to influence decisions and contribute to the functioning of the organization.

How DAOs work

The operation of a DAO is based on blockchain technology. Smart contracts automatically record and execute decisions agreed upon by participants. These contracts are programmed to be executed transparently and securely, without the need for a central authority. Investors can purchase tokens of a DAO, giving them ownership rights and participation in decisions. These tokens can represent shares, votes, or any other type of value agreed upon by the DAO community. Through these tokens, participants can propose, discuss and vote on different issues within the organization.

Advantages and challenges of DAOs

DAOs offer several significant advantages. Firstly, they promote transparency, since all transactions and decisions are recorded in the blockchain, which guarantees traceability and prevents data manipulation. In addition, decision-making is carried out collectively and democratically, which encourages the participation of all investors and avoids the concentration of power in a few hands. However, DAOs also face challenges. They can be vulnerable to code bugs and malicious attacks, as demonstrated by the collapse of The DAO. Additionally, they face legal and governance challenges as they must comply with applicable regulations and establish effective decision-making processes.

Successful DAO Examples

DAOs have demonstrated their success in different areas, especially standing out in community financing and governance projects. Below are some notable examples in each of these categories, as well as a case study on the collapse of The DAO.

DAO in financing projects

DAOs have revolutionized the way projects are financed, allowing investors to have an active role in investment decisions. A notable example is the DAOstack project, which has developed a decentralized governance platform that allows participants to propose, evaluate and crowdfund projects. This DAO has successfully raised funds for various projects, promoting transparency and community participation in financial decision-making.

DAO in governance and community decisions

Another area where DAOs have proven effective is in community governance and decision-making. A prominent example of this is Aragon, a DAO focused on creating autonomous and decentralized decision-making structures in organizations. Aragon has created a platform that allows communities to efficiently manage resources and make important decisions democratically, without depending on centralized intermediaries. This has facilitated the participation of community members and promoted greater transparency in decision-making.

Case study: The DAO and its collapse

One of the best-known cases about DAO is that of The DAO, an Ethereum-based organization that allowed investors to have a say in investment and project financing decisions. However, The DAO suffered a critical bug in its code that was exploited by a hacker, causing a crisis in the cryptocurrency community. Despite attempts to reverse the attack, the majority of investors voted against the proposal to fix the problem and The DAO collapsed.

Create your DAO with DAO Development Company

This incident was a turning point for DAOs as stricter security measures were implemented and improvements were made to the Ethereum code to prevent and mitigate potential future attacks. Although the collapse of The DAO was a major setback, it also served as a lesson that drove improvements and learnings in the development of DAOs. Since then, numerous successful DAOs have been created and developed in different areas, overcoming the challenges and reaping the benefits of this innovative form of decentralized and democratic organization.

Security and improvements in DAOs after the collapse of The DAO

Following the collapse of The DAO, various security measures were implemented in DAOs to prevent similar incidents. These measures were designed to strengthen investor confidence and ensure the integrity of operations on the blockchain.

Security measures implemented in DAOs

More thorough code reviews: After the collapse of The DAO, the need for more rigorous security audits of the DAO code was established. This ensures early detection of potential vulnerabilities and errors.

Stronger smart contracts: The quality of smart contracts has been improved, paying special attention to their design and code. This prevents the exploitation of potential weaknesses and reduces the chances of failures.

External Audits: DAOs seek validation from external security experts through independent audits. This provides an additional layer of security and guarantee for participants.

Insurance and guarantees: Some DAOs implement the provision of insurance and guarantees to protect investors in the event of attacks or adverse events. This provides greater peace of mind and minimizes associated risks.

Ethereum code improvements

Following the collapse of The DAO, improvements were made to the underlying code of Ethereum to strengthen the security of DAOs. These updates focused on correcting the vulnerabilities exploited in the incident and strengthening the platform in general.

Impact on the cryptocurrency community

The collapse of The DAO had a profound impact on the cryptocurrency community. Following the incident, there was greater awareness of the risks associated with DAOs and the need for more rigorous security and governance measures became evident.

The incident led to greater maturity in the cryptocurrency industry, with greater focus on code quality and the importance of security audits. Additionally, efforts were intensified to educate investors and participants on risk reduction and understanding the working mechanisms of DAOs.

Although the collapse of The DAO was a significant setback, it was also a catalyst for the improvement and evolution of DAOs. The community has learned valuable lessons about security and governance, and hard work has been done to strengthen these structures, giving investors and participants greater confidence in their functioning.

Transparency and democracy in DAOs

Transparency and democracy are fundamental pillars in the operation of DAOs. These decentralized structures use blockchain technology to ensure a reliable and transparent record of all transactions and decisions made within the organization.

Recording of transactions on the blockchain

One of the main benefits of DAOs is that all transactions are permanently recorded on the blockchain. This ensures the traceability and integrity of the data, avoiding any manipulation or alteration.

Thanks to this public and verifiable record, any DAO participant can access complete transaction information, increasing transparency and building trust in the system.

Collective decision making and participant voting

In DAOs, decision-making is done collectively and democratically. All participants have the opportunity to exercise their voice and vote in key decisions of the organization, either through direct voting or by delegating their vote to other members.

This form of decentralized government allows decisions to be made in a more inclusive and representative manner, avoiding the concentration of power in the hands of a few. Furthermore, being backed by smart contracts in the blockchain, the automatic and transparent execution of the decisions made by the majority is guaranteed.

Benefits and limitations of transparency and democracy in DAOs

Transparency and democracy in DAOs offer numerous benefits. On the one hand, it allows for greater trust and community participation, ensuring a greater degree of legitimacy in the decisions made. Furthermore, being a transparent system, the possibility of corruption or manipulation of information is reduced.

However, there are also limitations and challenges associated with transparency and democracy in DAOs. One of the main challenges is finding the right balance between transparency and data privacy. Additionally, collective decision-making may take longer, which may affect decision-making efficiency.

Future of DAOs and their impact in different areas

Political Potential of DAOs

DAOs have the potential to revolutionize the political sphere by allowing more direct and democratic participation of citizens in decision-making. Through smart contracts and decentralized voting, DAOs can empower citizens and reduce the influence of political intermediaries. Furthermore, by recording all transactions on the blockchain, the transparency and traceability of political processes is guaranteed. However, it is important to address legal and governance challenges to ensure that DAOs comply with existing regulations in the political sphere.

Decentralization and democratization in financial management

DAOs can also transform the way different projects are managed and financed. By allowing investors to have a say, DAOs decentralize financial decision-making and offer greater transparency in the process. This can facilitate the participation of small investors and democratize access to investment and project financing. Furthermore, by relying on smart contracts on the blockchain, DAOs eliminate intermediaries and reduce the costs associated with financial transactions. However, security and compliance challenges need to be addressed to ensure trust in these platforms.

Predictions and possible future applications of DAOs

In the future, DAOs are expected to find applications in various areas beyond project financing and community governance. For example, they could be used in the creation of stable cryptocurrencies and in the management of decentralized investment funds. They could also facilitate collaboration and income sharing in the content creator economy. Furthermore, DAOs could have a significant impact on global governance by enabling the participation of non-state actors in international decision-making. However, it is important to continue developing security measures and resolve legal and regulatory challenges to fully realize the potential of DAOs in the future.

[luanna801]

Oh so when Nie Huaisang tricks a guy into stabbing his best friend to death it's ""justified revenge"" and ""very girlboss of him"" but when I, Xue Yang--

[hitsuyou-fukaketsu]

The truth

[boarloved-art]

Wei Wuxian should be able to get drunk for once. I think he'd either be singing bawdy drinking songs on the roof of the Jingshi or he'd be getting irrevocably lost no matter where he is. He's found in the bushes behind the mountains like a cryptid, and then he's like "I can't believe you all got lost" (extremely slurred) as if he didn't get embarrassed by something Lan Wangji had said and just somehow disappeared when everyone looked back at him

oh ABSOLUTELY im walking with u and nodding and agreeing, i can see him becoming an absolute menace to keep track of at his drunkest.

anyway heres wonderwall The Gang (Wangxian & their fave group of ducklings) in a city known for its STRONG wine and wuxian being like well. ur all grown now, youre technically not juniors anymore. we have to see whos lasting the longest against this stuff!, smash cut to a suspiciously wei ying-less group of the worlds drunkest cultivators being wrangled through the woods by designated driver hanguang-jun, with at least 2 of them clinging to his robes at all times.

[lotuslate]

oh, your love is sunlight!

[ruushes]

not dead not alive but a secret third thing

[qiu-yan]

ngl it's pretty funny how, in certain yunmeng shuangjie fics, you can kind of tell who between wei wuxian and jiang cheng the author blames for shit going south. nothing is stated directly but the vibes are There. you can tell.

[lady-of-the-spirit]

"JC should have defended WWX and the Wen remnants-" babe he has no political capital right now. He's rebuilding his sect from the ground up after a war. He's been locked out of the Venerated Triad. He's the youngest sect leader. How could he have defended them and not doomed himself and his sect all over again.

[maleficore]

When I tell you I have been thinking about this for three days straight...

[disgracefulthings]

MDZS fix-it AU where Shang Qinghua saves Wei Wuxian and the Wens from the burial mounds, for a price...

Shang Qinghua, handing WWX a contract: Just sign here and I will provide food and shelter for you and your people

Wei Wuxian: What's the catch. No one does anything for free

Shang Qinghua: I bring up what I'm owed in the third paragraph

Wei Wuxian, reading out loud: ...'Shang Qinghua, and only Shang Qinghua, has the right to write about Wei Wuxian's love life in any manner he sees fit.' Why would you want this?

Shang Qinghua: Look, are you going to sign it or what?

[illuminchim]

“Between you and me, there is no need for 'thank you' and 'sorry'."

[maybevarric]

at the end of tresspasser we see many of the elves mysteriously disappear across thedas correct? honestly this should have been the origin story for the veil jumpers: they get recruited by solas under the guise of restoring the ways of the elvhen.

initially these recruited elves would have been generally supportive across the board because finally there’s some kind of reclamation of their history and their past. finally there is an explanation and some kind of hint of a future as a whole. things are looking up under the protection and guidance of the dreadwolf.

but as solas’ plan would progress we’d start to see a divide amongst his followers, and i reckon this is where the veil jumpers would begin. as a pushback to this. as an act of defiance against what was coming. learning what solas’ plans are for the future of thedas and tearing down the veil and all that. the veil jumpers choose not to reclaim their history and past through these kinds of designs, but instead to learn for themselves because they are owed it. they deserve it. but not at the cost of the world ending.

idk i think the worldbuilding and the lore could have been SO much better. and i think it’s really strange that solas had agents in tresspasser and then suddenly had nothing come the start of datv.

[psyche-reads]

I’m gonna take the term “morally grey” from this fandom until everyone understands what it means. Just because someone has a body count doesn’t mean they’re not a good person, and just because someone has a tragic backstory doesn’t mean they’re not a monster