9 TO 5 IS DEAD
The days of “going to the office” are over.
We live in the internet age. The world has gone digital—the pandemic accelerated it. People want to work where and how they want.
But the digital economy isn’t optimized for top-down organizations. How do you measure contribution? Where’s the HR department? The corporation is a bad fit for an open and permissionless digital world.
THE FUTURE OF WORK
Where there is value, there is opportunity, and where there is opportunity, there is demand for labor to help capture that opportunity. The magnitude of opportunity found inside of the crypto industry dwarfs everything else in the world. Therefore, there is also an insane demand for talent and labor, unlike anywhere else.The massive expansion of value and capital in this industry over the last 12 years has outpaced what the people of this Earth can keep up with. Not everyone can uproot their lives and dive into a young, high-risk, high-volatility industry.
Digital Organizations Are The FutureThe future of work belongs to Digital Organizations. Colloquially, we call these DAOs, but that is not the right label for what are actually Digital Organizations.
The OG concept of a DAO, a Decentralized Autonomous Organization, is code at the center, and humans at the periphery. A DAO is a smart-contract or system of smart-contracts on Ethereum that are autonomous because they have no human dependencies; they operate as autonomous software on Ethereum. Uniswap, AMM’s, and RAI are good examples fit the original definition of what a DAO was.DAO’s were theorized to eventually become increasingly complex:
“What if we could just turn Uber into a smart contract, and all the Uber drivers would work for the DAO, and be able to keep a larger share of their profits??”
Now, it’s time for DOs.Digital Organizations are compositions of humans without geographic constraints. Largely hosted in Discord servers (but not exclusively!), DOs are collections of like-minded people with like-minded goals, that work together to make progress towards those goals.
DOs tend to form organically, where those most resonant with the goals and aspirations of the org increasingly gravitate to the Discord server and community.
And now, with Ethereum, DO’s have access to a new tool that changes DOs from communities of intrinsically motivated communities to financially motivated organizations.
That tool is the token.
Tokens power communities.Tokens are the thing that turns passive Discord channels into active ones. Tokens are the fuel that DAO laborers consume in order to output value for the org. They provide and catalyze the motivational energy for the DO to do.
The token represents the reservoir to which DO community members can deposit their time and labor into. Members of the DO inherently want the DO’s token; if they don’t want the token, then they probably wouldn’t be in the DO’s Discord server. The desire to own a larger share of the DO is what injects labor into the DO, and helps make it become a valuable thing to own in the first place.
The DO, as the controlling entity of its own token, has the power to mint/issue/award tokens to the members that labor for the DO, and if there is a sufficient supply of interested labor willing to work for DO tokens, then the DO has the available potential energy to progress towards its desired goals
The days of “going to the office” are over.
We live in the internet age. The world has gone digital—the pandemic accelerated it. People want to work where and how they want.
But the digital economy isn’t optimized for top-down organizations. How do you measure contribution? Where’s the HR department? The corporation is a bad fit for an open and permissionless digital world.
THE FUTURE OF WORK
Where there is value, there is opportunity, and where there is opportunity, there is demand for labor to help capture that opportunity. The magnitude of opportunity found inside of the crypto industry dwarfs everything else in the world. Therefore, there is also an insane demand for talent and labor, unlike anywhere else.The massive expansion of value and capital in this industry over the last 12 years has outpaced what the people of this Earth can keep up with. Not everyone can uproot their lives and dive into a young, high-risk, high-volatility industry.
Digital Organizations Are The FutureThe future of work belongs to Digital Organizations. Colloquially, we call these DAOs, but that is not the right label for what are actually Digital Organizations.
The OG concept of a DAO, a Decentralized Autonomous Organization, is code at the center, and humans at the periphery. A DAO is a smart-contract or system of smart-contracts on Ethereum that are autonomous because they have no human dependencies; they operate as autonomous software on Ethereum. Uniswap, AMM’s, and RAI are good examples fit the original definition of what a DAO was.DAO’s were theorized to eventually become increasingly complex:
“What if we could just turn Uber into a smart contract, and all the Uber drivers would work for the DAO, and be able to keep a larger share of their profits??”
Now, it’s time for DOs.Digital Organizations are compositions of humans without geographic constraints. Largely hosted in Discord servers (but not exclusively!), DOs are collections of like-minded people with like-minded goals, that work together to make progress towards those goals.
DOs tend to form organically, where those most resonant with the goals and aspirations of the org increasingly gravitate to the Discord server and community.
And now, with Ethereum, DO’s have access to a new tool that changes DOs from communities of intrinsically motivated communities to financially motivated organizations.
That tool is the token.
Tokens power communities.Tokens are the thing that turns passive Discord channels into active ones. Tokens are the fuel that DAO laborers consume in order to output value for the org. They provide and catalyze the motivational energy for the DO to do.
The token represents the reservoir to which DO community members can deposit their time and labor into. Members of the DO inherently want the DO’s token; if they don’t want the token, then they probably wouldn’t be in the DO’s Discord server. The desire to own a larger share of the DO is what injects labor into the DO, and helps make it become a valuable thing to own in the first place.
The DO, as the controlling entity of its own token, has the power to mint/issue/award tokens to the members that labor for the DO, and if there is a sufficient supply of interested labor willing to work for DO tokens, then the DO has the available potential energy to progress towards its desired goals