Could a DAO run a country? Imagine a bunch of investors chip in to fund a DAO treasury. With that money, they buy a big chunk of land from some country and build a city on it. They rent out all the buildings, with the income going into the DAO's treasury. - In a democracy, citizens vote and each has one vote. - In a DAO, token holders vote, like shareholders in a corporation can vote to change the CEO. - Requiring all token holders to vote on every budget allocation would be too slow. - So it makes sense for department heads to have DAO wallets that automatically get regular budgets. - The DAO has a Managing Director who can freeze any department head's spending rights if fraud is detected. - The Director has their own budget for salaries and analyst helpers. - The Director has priority proposing motions requiring full token holder votes. - Like replacing a department head with a new candidate. Lets discuss in comments! #tidder #discussion