DAO versus Excel: A Practical Discussion for Community Building

LevinTalks YouTube video features a discussion about Decentralised Autonomous Organisations (DAOs), specifically whether they are necessary for all projects. The conversation begins with the host and guest, Dmitry Podolsky, exploring the concept of DAOs and their potential applications, using the hosts idea for a decentralised council for a scientific and financial conference as a practical example. They examine the core functions, advantages, and limitations of DAOs, particularly in comparison to simpler tools like Excel for tasks such as voting. The dialogue progresses to consider the practicalities of implementing a DAO, touching upon issues like community building, incentivisation through tokens, and the existing scepticism towards cryptocurrency within certain communities. Ultimately, they question the immediate suitability of complex DAO structures for smaller or less crypto-native groups, suggesting that conventional methods might be more effective initially. They also briefly touch upon the potential of tokens for gamification and community engagement, separate from a full DAO implementation. The conversation concludes with a reflection on the current understanding and adoption challenges of web3 technologies within broader audiences.