Legendary scientist and cryptography pioneer Ralph Merkle joined us to discuss his recent paper on DAOs. Merkle examined how the voting mechanisms in today’s democracies are flawed and how a decentralized, transparent DAO making decisions using prediction markets could create more efficient democratic systems.
Topics covered included:
- Merkle proofs, Merkle Roots and his early forays into cryptography
- Blockchains as living organisms
- Why DAOs will be subject to a Darwinian evolutionary process
- Why voting is flawed and we need new governance methods to save democracy
- The concept of a DAO democracy
- How prediction markets and futarchy would help govern a DAO democracy
Links mentioned in this episode:
- Ralph Merkle DAO Democracy Paper [PDF]
- Ralph Merkle’s Homepage
- Ralph Merkle’s Wikipedia page
- EB98 – Robin Hanson: Futarchy, Prediction Markets
- Tim Urban: Why Cryonics Makes Sense
- Alcor – Life Extension Foundation
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EB141 - Ralph Merkle: Revolutionizing Democracy Using DAOs
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