What is a DAO in Crypto? (Decentralized Autonomous Organization)

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  • Опубликовано: 16 ноя 2024

Комментарии • 1,5 тыс.

  • @omarahelluc94
    @omarahelluc94 2 года назад +216

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      @maryammikail3687 2 года назад

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      @aliciabennett9216 2 года назад

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      @cedricjiosh6935 2 года назад

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      @cedricjiosh6935 2 года назад

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  • @cahkontherahks
    @cahkontherahks 3 года назад +310

    This channel is just an absolute godsend

  • @onchainexperiments
    @onchainexperiments 3 года назад +124

    Can you create a video diving into those other DAOs?
    * MakerDAO
    * Gitcoin
    * Metacartel

  • @Santiago-he4rz
    @Santiago-he4rz Год назад +251

    Investments are a means of providing funds for the generation of future income or profit. Investing allows individuals to set aside money while they go about their day-to-day business, let the funds work for them, and earn income for their future work. It is important to invest wisely, make informed decisions, and carefully weigh the potential risks and rewards associated with each investment opportunity. That's why I work with Sherman Williams Trading because he has profitable strategies

    • @kk_G2
      @kk_G2 Год назад +3

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      @J_parker Год назад +3

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      @sylvesterluke5543 Год назад

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  • @SuperAleaiactaest
    @SuperAleaiactaest 2 года назад +115

    This is one of the best explanations of a DAO I've seen! there's only one thing that I think might be confusing for people, with regards to governance.
    You mentioned only one way that a DAO could do governance where people vote with their tokens & whoever has the most tokens has the most voting power - this obviously has some serious problems for keeping the DAO decentralized as the richest ppl in the DAO will have all the influence.
    But one of the most exciting aspects of DAOs imo is that they allow orgs to experiment with new forms of governance. There are lots of exciting new ways from, quadratic voting to engagement-based consensus & NFT-based reputational voting, that keep things more democratic and prevent just the most wealthy from having all the influence. I hope you can do videos on some of these new forms of consensus as they gain prominence.
    keep up the good work!

    • @ChaceBonanno
      @ChaceBonanno 2 года назад +2

      It’s just like a company in that sense. The larger shareholders should have more voting rights. But sometimes there are groups of shareholders, usually founders, with special shares that have more voting power.

    • @robertweekes5783
      @robertweekes5783 2 года назад

      Also you’ll rarely have 1 fat cat in charge of everything in a high value DAO, because the other voting stakeholders will eventually buy more tokens collectively than any individual

    • @obeydefi6312
      @obeydefi6312 Год назад

      @@ChaceBonanno and that's where the SEC comes in cause they realize the developers of these projects dipped into the bag before anyone else.

  • @Tannias
    @Tannias 2 года назад +6

    This channel makes me feel less like a boomer when it comes to blockchain. Thank you so much.

  • @kir13y8
    @kir13y8 2 года назад +22

    Really interesting to hear the story of "The DAO". I had always wondered why there was an ETH classic and all I found was that they had to roll back a payment that was a scam.

    • @postmanwithsnow
      @postmanwithsnow 2 года назад

      Because DAOs are a scam and not sustainable cause they are ponzis.

  • @ahmadaziz5452
    @ahmadaziz5452 2 года назад +63

    I'M NEW TO BTC AND I'VE BEEN MAKING LOSSES TRYING TO MAKE PROFIT MYSELF IN TRADING...I THOUGHT TRADING ON DEMO ACCOUNT IS JUST LIKE TRADING THE REAL MARKET... CAN ANYONE HELP ME OUT OR AT LEAST ADVICE ME ON WHAT TO DO?

    • @markfreund8904
      @markfreund8904 2 года назад

      Trading with an expert is the best strategy for newbies and busy investors who have little or no time to monitor trade

    • @Calvin_anderson
      @Calvin_anderson 2 года назад

      I will advice you should stop trading on your own if you keep losing

    • @Calvin_anderson
      @Calvin_anderson 2 года назад

      And start trading with Mrs Cassandra Roberts trading services

    • @Calvin_anderson
      @Calvin_anderson 2 года назад

      She is a crypto prodigy and has handled my trade for over 6 months now

    • @justinhudson6561
      @justinhudson6561 2 года назад

      @@Calvin_anderson Wow I'm just shock you mentioned and recommended Expert Mrs Cassandra Roberts I thought I'm the only trading with her

  • @IBMboy
    @IBMboy 3 года назад +202

    Mmm im not fully convinced, but im gonna give DAOs the benefit of the DAObt :P

    • @TheMessanger
      @TheMessanger 3 года назад +2

      Me neither that's why I research on videos about DAO the see future but is community driven like meme coins. Maybe I'm missing something.

    • @myp0h
      @myp0h 3 года назад +5

      Haha clever

    • @Oliver_Tate
      @Oliver_Tate 3 года назад +3

      Clever!!

    • @TheMessanger
      @TheMessanger 3 года назад +1

      @@Oliver_Tate best channel in my list no garbage just the facts using whiteboar animation.

    • @christiansantos7164
      @christiansantos7164 2 года назад +1

      🤣

  • @zoecollin3913
    @zoecollin3913 2 года назад +27

    Am here to learn how to invest after listening to a lady on radio talk about how the importance of investing and how she made $360,000 in 5 months from $5,000. I'm a newbie and I'm open to ideas and suggestions

    • @katherinegibson7187
      @katherinegibson7187 2 года назад

      As a beginner who don't understand how Bitcoin trade really works and you really want to make profit from it. I will advise you to first start working with a professional broker.

    • @norastella9264
      @norastella9264 2 года назад

      That is true, you need an expert broker and account manager to make good profit from Bitcoin trade.

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      @douglasharold5100 2 года назад

      I have also been trading with her, The profits are secured and over a 100% return on investment directly sent to my wallet. I made up to $560,000 in 2months trading with her

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      @tomfreeman1876 2 года назад

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      @randy6868 2 года назад

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  • @purplerain4779
    @purplerain4779 2 года назад +3

    I am a boomer and only been in crypto about a year now. So much to learn! I love how you you used vending machine analogy! This was my 1st video that I watched by you and absolutely loved it! Will def watch more. Thank you for keeping it sweet short and simple

  • @frankedusolutions8535
    @frankedusolutions8535 2 года назад +168

    I cannot overemphasize how happy I am that I don't have to go through the stress of watching several videos just to trade successfully.

    • @frankedusolutions8535
      @frankedusolutions8535 2 года назад

      Fortunately for me lately I have been able to evade those obstacles and even earn much better.

    • @johnsonbenjamin9639
      @johnsonbenjamin9639 2 года назад

      Hello guys please I have been trading on my own but it doesn't seem to come off what can I do better.

    • @whatapp-tm6gd
      @whatapp-tm6gd 2 года назад

      I want to start trading but I am way too nervous.

    • @frankedusolutions8535
      @frankedusolutions8535 2 года назад

      I understand the position you are in, I was in similar position about a year ago all I did was to go back and replan then I sort for help. Which has changed my life.

    • @johnsonbenjamin9639
      @johnsonbenjamin9639 2 года назад

      You said you went back to replan what did you mean by that.

  • @NappyWayz
    @NappyWayz 3 года назад +56

    Missing Con: I would have to trust that the largest DAO token holder has my best interest at heart. If they don’t, I’m screwed. Therefore, it is human-centered.

    • @solana1036
      @solana1036 3 года назад +17

      Same problem without Dao.

    • @NappyWayz
      @NappyWayz 3 года назад +3

      @@solana1036 Yeah, good point. Therefore, every so called "hack" maybe an exploit. The cotillion effect lives on.

    • @jonasbartel6894
      @jonasbartel6894 3 года назад +2

      Or you divers the decision-tokens from the paying-tokens, like with stock-shares. Then you could make it equal.
      Let's see, what the future holds 😊

    • @Jellyblob
      @Jellyblob 3 года назад +5

      Also, some DAOs have steps in place to avoid whales taking control of the entire DAO like a limit on how much voting power an individual can have.

    • @NappyWayz
      @NappyWayz 3 года назад +1

      @@jonasbartel6894 “Let’s see what the future holds.” Yes! We are going in some interesting directions. I can’t fathom what the future holds. I am too busy thinking about a trustless system built by untrustworthy people. With a DAO, I can build an organization, own most of the tokens and sell the rest to others, and find a way to divvy them out so I will remain in control. I hope we discover a way to combat this.Especially since I can make unlimited wallets to hold the governance tokens. I’m sure there is a solution for this.

  • @biancabella2626
    @biancabella2626 2 года назад +31

    Most people think... investing in crypto is all about buying coin and leaving it to rise,😂common it takes much analysis to be a successful crypto trader

    • @aprilidris4675
      @aprilidris4675 2 года назад

      This is my favorite quote at the moment

    • @robertos6290
      @robertos6290 2 года назад

      Totally agreed, it's by far the easiest way to access and doesn't involve physical labor.

    • @sandraseling1993
      @sandraseling1993 2 года назад

      Accurately spoken bitcoin investment especially is really profitable nowadays

    • @danstine360
      @danstine360 2 года назад

      Bitcoin is the most profitable investment online if only you trade with a professional broker.

    • @thomasstella5248
      @thomasstella5248 2 года назад

      Bitcoin is the most profitable investment online if only you trade with a professional broker.

  • @korneliahanna5883
    @korneliahanna5883 2 года назад +37

    THE BEST DECISION I EVER MADE IN MY LIFE WAS INVESTING IN THE CRYPTO MARKET. TRUST ME GUYS, IT REALLY PAYS A LOT! 😊

    • @zackobinna2266
      @zackobinna2266 2 года назад

      How does this crypto stuff really works and how do I make good profit from it? I'm willing to invest in it but I need guidance so I don't lose out.

    • @jamminglucas7040
      @jamminglucas7040 2 года назад

      @@zackobinna2266 I would recommend you get started with a professional broker that will trade for you while you get the profit

    • @chinomsojessica6956
      @chinomsojessica6956 2 года назад

      @@jamminglucas7040 Do you have an idea of any good broker/trader I can start with that's trust worthy?

    • @jamminglucas7040
      @jamminglucas7040 2 года назад

      @@chinomsojessica6956 I would recommend my current broker Mr Kelly Walter . He is currently earning a lot of profit for me and his services are top notch

    • @pmnsellout6308
      @pmnsellout6308 2 года назад

      Wow, i'm shocked you mentioned Mr Kelly Walter , he is also my current broker and he earns 10,500$ for me weekly

  • @aygwm
    @aygwm 3 года назад +136

    It’s going to be hard to get the current business world comfortable with a trustless, faceless DAO. But future generations will likely be more accepting of the premise.

    • @ChloeIsSad
      @ChloeIsSad 3 года назад +8

      and for a reliable DAO to exists, it's pretty much obligatory to have some anti token monopoly policies, since if someone has 50%+ of the tokens, they're pretty much the CEO of the DAO

    • @aygwm
      @aygwm 3 года назад +1

      @@ChloeIsSad very true. But this may be the way that companies distribute their capitalization in the future anyway.

    • @jon962-g9w
      @jon962-g9w 2 года назад +8

      DAO will not replace businesses(Or only the rent seeking ones), they can't build innovation, innovation doesn't come from a crowd but from a single visionary person generally. DAO will replace bureaucracy and governments, and bring a less corruptible democracy.

    • @yusupsanjaya7922
      @yusupsanjaya7922 2 года назад

      So we need to stop making baby, because the world doesn't need human in the future

    • @avigator
      @avigator 2 года назад

      @@jon962-g9w Why is the 50% plus Token holder less corrupt than an institution of a democratic state?

  • @Henry-zl3to
    @Henry-zl3to 2 года назад +14

    INVESTING IN CRYPTO NOW SHOULD BE IN EVERY WISE INDIVIDUAL'S LIST, IN SOME MONTHS TIME YOU WILL BE ECSTATIC WITH THE DECISION YOU MADE TODAY

    • @PhyllisDGuyer
      @PhyllisDGuyer 2 года назад

      You're right ma

    • @PhyllisDGuyer
      @PhyllisDGuyer 2 года назад

      most intelligent words I've heard,

    • @PhyllisDGuyer
      @PhyllisDGuyer 2 года назад

      Crypto is the new gold,

    • @PhyllisDGuyer
      @PhyllisDGuyer 2 года назад

      I'm a huge fan of crypto, I hold some few coins in my wallet.

    • @KarlEPrice
      @KarlEPrice 2 года назад

      crypto is the act of speculating an cryptocurrency price,

  • @ednafronkelbarger8601
    @ednafronkelbarger8601 Год назад

    I love your videos, and I am learning a lot from them.
    A few comments. Re the vending machine analogy, there's one more human who is required. The human who reviews the footage from the concealed camera to monitor activity around the machine. It's generally not for vandalism, or petty theft. It's for counterfeit bills showing up in the deposits of the proceeds from the machine. I worked in the Treasurer's Office of a large state university for 3 decades. Banks are required to notify you if there's even one single counterfeit dollar in your deposit. Every once in a while, we'd have a large amount of counterfeit bills in the deposit from the vending machines. It was never the students. Students are awesome. And besides, it's not worth their while to put counterfeit bills in a machine. The person who stood to benefit greatly was the person who stocked the machine and retrieved the cash receipts from all of the machines on campus. They'd swap out the good bills from the machine and replace them with counterfeit bills. And they were dumb enough to do it right there at the machine, in front of the video camera they didn't know was there.
    So, what would be the crypto equivalent of that one?
    Also, and much more material, Boards of large corporations generally don't tell the CEO what to do. The CEO and the administration make the policy, and then report to the Board what they are doing, along with presenting performance reports for review. Most of the things that shareholders vote on are rubber stamp things like what auditors to hire, or voting for Board members themselves. If things are going well, the Board approves an obscene compensation package for the CEO. If things go poorly, they fire the CEO and give them an obscene golden parachute.

  • @GuyFerzOfficial
    @GuyFerzOfficial 3 года назад +63

    So ironically, CEOs can soon be replaced by technology. You hear that kids, you should not strive to be a CEO. Instead, strive to be a robot.

    • @JohnTurner313
      @JohnTurner313 3 года назад +10

      No, strive to be a software or cybersecurity engineer that creates the robots. And DAOs.

    • @teqexe
      @teqexe 3 года назад

      Or just a programer 😃

    • @acharya1574
      @acharya1574 3 года назад

      Make*

    • @ChloeIsSad
      @ChloeIsSad 3 года назад

      @@JohnTurner313 even the engineer can potentially be replaced by a learning ai lmao

  • @nickelgamer5806
    @nickelgamer5806 3 года назад +31

    Fantastic video! I would like to see a video on what a hard fork is and how it differs from a soft fork. Congrats on 2K subs and keep the videos coming!

    • @MarlonPersaud
      @MarlonPersaud 3 года назад

      Yes please make hard fork vs soft fork!

    • @altgene8372
      @altgene8372 3 года назад

      @@MarlonPersaud Its simple a hard fork is easier to pick up food but a soft fork is harder but the last one is the best as it aids dieting.

  • @Abc-tf1lb
    @Abc-tf1lb 3 года назад +5

    I haven’t watched this video yet but this channel literally explains everything so well

  • @bethcq8998
    @bethcq8998 2 года назад +1

    This channel is better than any UDEMY courses! Hope I discovered this first before buying a course! lol

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    @gurametsadashvili1888 2 года назад +26

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      @jesserichard5953 2 года назад

      Her success stories are everywhere no doubt Mercy is one of the best female trader you have to work with✅

    • @oliverjackson160
      @oliverjackson160 2 года назад

      Same here I started with $1000 now I’m earning $18,300 every 4 days in profit with her strategies.

    • @morganpatrick6089
      @morganpatrick6089 2 года назад

      Investing means saving money for the future. The only way to become rich and successfully is to invest your money.

    • @gurametsadashvili1888
      @gurametsadashvili1888 2 года назад +2

      The below username is Her handle on *Tele-gram*
      *@Mercy_Greg.*

    • @deniswilliams8993
      @deniswilliams8993 2 года назад

      I appreciate for the handle🤝

  • @MegaPartakias
    @MegaPartakias 2 года назад +1

    The vending machine example was the perfect analogy ! congratulations for the knowledge you provide.

  • @Youngcaz
    @Youngcaz 3 года назад +8

    You’re incredible. Perfect artwork and tempo. Advancing the human species for free and being humble. I haven’t seen an ad for anything to buy, and I wanna buy you’re app or crypto; this channel.

    • @Youngcaz
      @Youngcaz 3 года назад

      When will Bitcoin become a store of value, 2026?

    • @WhiteboardCrypto
      @WhiteboardCrypto  3 года назад

      Thank you so much 😀

    • @Blackice929
      @Blackice929 3 года назад

      @@Youngcaz Already is... :)

  • @stevenpaul4394
    @stevenpaul4394 2 года назад +26

    My trading journey was a matriculation of highs and lows, literally just like the market. you up, you down. Now I'm constantly up

    • @ashleykimberly4285
      @ashleykimberly4285 2 года назад

      Hello, I'm new to Bitcoin trade and I've been making huge losses but recently i see a lot of people earning from it Please can someone tell me what to do?

    • @johnwilliams3018
      @johnwilliams3018 2 года назад

      The new digital gold has created a new trillion-dollar's opportunity around the world! Where do you think your country is headed for

    • @davidthomas4788
      @davidthomas4788 2 года назад

      All you need now is a professional trader else you will continue making losses.

    • @patience431
      @patience431 2 года назад

      That is true, you need an expert broker and account manager to make good profit from Bitcoin trade.

    • @elijahbobby3078
      @elijahbobby3078 2 года назад

      Trading on your own is very risky, many people have lost a lot trading for themselves

  • @williamsrafia8880
    @williamsrafia8880 2 года назад +10

    When it comes to the world of investment, most people don't know where to start. Fortunately, great investors of the past and present can provide us with guidance

    • @ajokejanet6887
      @ajokejanet6887 2 года назад

      Personally as a first time investor, i started trading with Mrs Sharon Laura with $1,000 now my portfolio is worth $5,400 within the space of few months trading with her

    • @julietokolie1035
      @julietokolie1035 2 года назад

      A friend that i referred to her from UK just received €9,005 profit after 14 days of trading just jealous ASF LOL

    • @aminatikharia6973
      @aminatikharia6973 2 года назад

      My first investment with Mrs Sharon Laura gave me $24,300 and that has made me invest without the fear of losing, I got four of my friends that i referred to her and they are making profit just like me. May God bless Mrs Sharon Laura

    • @samuelroseline8421
      @samuelroseline8421 2 года назад

      I invested $2,500 and I made $7,450 weekly trading with her, I only trust Mrs Sharon Laura with my investment. I am now able to send kids to great school in LA, all thanks to Mrs Sharon Laura Good woman indeed ❤️

    • @badmuskehinde8467
      @badmuskehinde8467 2 года назад

      I'm so happy 😄 my life is totally changed, I've been earning $10,250 returns from my $4,000 investment every 13 days

  • @kemsekov6331
    @kemsekov6331 2 года назад +9

    As a programmer I can say that this is almost impossible to create 100% secure code. Even if your logic is flawless there always some places that can be saved with security by obscurity. With this in mind the only way we could keep such big open source projects is by constantly updating vulnerabilities, but with smart contracts this is not so easy. Our code is decentralised so updating it will require extra time that can give hackers more opportunities for movement.

    • @ronakverma693
      @ronakverma693 Год назад

      lovely insight. Always thought I was the only one who thought blockchain is vulnerable too.

  • @Kevlaralc42069
    @Kevlaralc42069 3 года назад +27

    This channel is a literal godsend. You are doing God's work my friends.
    Keep up the good work!

    • @francisjames6996
      @francisjames6996 3 года назад

      🤮

    • @MindChillTV
      @MindChillTV 3 года назад

      the creativity with storytelling is fantastic in these videos, they make it so simple to understand. Great work

  • @ronneymccarthy6448
    @ronneymccarthy6448 2 года назад

    I think the vending machine example is totally possible, lol.
    1. Sensors will allow the vending machine to send out a supply low on individual items via wifi.
    2. Bots can pack the supplies needed.
    3. Autonomous drones can deliver the supplies for a vending machine
    4. A bot can probably restock it.
    5. The currency can be cryptocurrency and smart contracts can possibly do the withdrawals to a wallet daily.
    Of course some human interaction will be necessary somewhere but not at the point of the vending machine.

  • @dr.emiliaarchie6273
    @dr.emiliaarchie6273 2 года назад +71

    I will forever acknowledge this channel with the help of your lessons and ideas explanations, Now It's quite helpful while you'll just sit at your comfort and monitor your account Growth

    • @dr.emiliaarchie6273
      @dr.emiliaarchie6273 2 года назад

      @Jeffrey Merrell Okay, can share some business ideas like
      1.Crypto
      2. Stocks
      3.Shares

    • @tomasdavid9763
      @tomasdavid9763 2 года назад

      Am interested in learning a new strategy.

    • @victorjorgeyaber7719
      @victorjorgeyaber7719 2 года назад

      I have had no luck investing in crypto currency, I actually invest on my own but my profit aren't always as I expected sometimes I keep on losing money

    • @dr.emiliaarchie6273
      @dr.emiliaarchie6273 2 года назад

      @@victorjorgeyaber7719 Then i will like to introduce you to expert Mrs Shirley, she's the best I have been working with her for months now feeling awesome working with her

    • @manitafesible969
      @manitafesible969 2 года назад

      But bitcoin trading will be beneficial to every wise individual in 2 years you will be wealthy with the decision you make now

  • @Original_jataro
    @Original_jataro 2 года назад

    Thankful my YT algo suggested this channel and this video! The explanation and illustrations are on point and very creative. Please drop that hard fork vs soft fork content ASAP! Much love.

  • @jamilnura2623
    @jamilnura2623 2 года назад +3

    I would love to see a hard fork video. Thanks for the amazing explanations

  • @iz4381
    @iz4381 2 года назад

    Best education I’ve received on RUclips

  • @louisclifford9874
    @louisclifford9874 2 года назад +20

    I came here to learn how to invest after listening to a guy on radio talk about the importance of investing and how he made $460,000 in 4 months from $160k, somehow this video has helped shed light on some things, but I'm still confused, I'm a newbie and I'm open to ideas.

    • @apriljones6004
      @apriljones6004 2 года назад

      Investing in stocks and crypto is a good idea, a good trading system would put you through many days of success.

    • @tinythomas4438
      @tinythomas4438 2 года назад

      It is possible to produce superior performance provided you do something different from the majority. However most of us tend to pay more attention to the shiniest position in the market to the cost of proper diversification.

    • @wilsonbrown8993
      @wilsonbrown8993 2 года назад

      Having monitored my portfolio performance which has made a jaw dropping $370k from just the past two quarters alone, I have learned why experienced traders make enormous returns from the seemingly unknown market.

    • @louisclifford9874
      @louisclifford9874 2 года назад

      @@wilsonbrown8993 Interesting, I have a lump sum doing absolutely nothing at all in my bank account, I wanna get something started with it. You seem to be doing excellent for yourself, how do you achieve this?

    • @wilsonbrown8993
      @wilsonbrown8993 2 года назад

      @@louisclifford9874 Exactly, the trick is to diversify your investment, don't panic when everyone else is and invest consistently.

  • @teapot9514
    @teapot9514 2 года назад

    First 30 seconds were enough for me to understand it much better than with all the other explanations I've had..

  • @mubarizmehbizadeh5093
    @mubarizmehbizadeh5093 2 года назад +19

    HELLO, I'M NEW TO CRPTO AND FOREX TRADING AND I HAVE BEEN MAKING HUGE LOSES TRADING ON MY OWN BUT RECENTLY I SEE A LOT OF PEOPLE EARNING FROM IT. CAN SOMEONE PLEASE GIVE ME A NEW STRATEGY OR AT LEAST TELL ME WHAT I'M DOING WRONG?

    • @ellamarshall1923
      @ellamarshall1923 2 года назад

      _Trading in forex requires an expert, account analysts or you gonna win today and blow off your entire account the next day*_

    • @joelanderson3562
      @joelanderson3562 2 года назад

      most people today have been having a lot of failure in Forex and crypto sector because of poor orientation and bad expert

    • @billydarrylstephen1750
      @billydarrylstephen1750 2 года назад

      I have Been earning $3700 on every $1000 invested on the 7trading days with Tracy

    • @jamesspotswood4845
      @jamesspotswood4845 2 года назад

      Literally making £8000 on every £1000 invested in a space of 1week 4days from Tracy isn't that mind blowing ?

    • @donaldpaul7389
      @donaldpaul7389 2 года назад

      Initially no doubt Expert Mrs Tracy Trading Services is the best. I invested 5000$ two weeks of trade withdraw out 14,000

  • @chailand0713
    @chailand0713 2 года назад

    I found this video from Japan! Thank you for your explanation. It's an amazing job!

  • @rezahosseini7851
    @rezahosseini7851 3 года назад +52

    But isn't it a downside that people with more money/tokens can impact more? Like what if a group of super rich people decide to buy a lot of tokens and then basically take control of the DAO since they can just out vote others?

    • @aruytpadyugf
      @aruytpadyugf 2 года назад +35

      That's exactly how DAOs work. They are not democratic at all. It is very similar to shareholders of a traditional company; the higher the shares, the bigger the influence.

    • @Chris-ce3oj
      @Chris-ce3oj 2 года назад +4

      Why someone would give a ton of money to destroy something

    • @antoniosong
      @antoniosong 2 года назад +19

      @@Chris-ce3oj They wouldn't destroy - they'd skew it to their advantage

    • @akaiye
      @akaiye 2 года назад +2

      @@antoniosong their advantage would be to grow the dao benefitting everyone

    • @taturay
      @taturay 2 года назад +17

      Welcome to real life, crypto won't change basic economic concepts.

  • @cryptonftdrummer1854
    @cryptonftdrummer1854 3 года назад +1

    In 4 years this will be most seen channel in youtube ;) Congrats

  • @MrYdu69
    @MrYdu69 3 года назад +45

    There is something that I do not completly grasp: in a centralized corp, the board decides what to do and usually they are the major share holders and have a vote right because they have more than x% of the shares. They vote what are the next steps for the company and the CEO has to apply these steps.
    In a DAO, every token holder has a right to vote. And the votes decide the next steps, if there are new employees, ... But the people who are the richest have the most votes and will decide with the same influence as if it was a centralized organisation.
    Or I am missing something ?

    • @AlphaCentauri00
      @AlphaCentauri00 3 года назад +4

      In that sense it functions the same as a “centralized” org, if the richest have majority vote over the DAO, but the difference is that a DAO is decentralized. It can run on its own without human input, enforce rules evenly across the board, and cannot be forced shut down by a government

    • @ChristopherForsyth
      @ChristopherForsyth 2 года назад +15

      @@AlphaCentauri00 "cannot be forced shut down by a government" -- how's that going to work? We used to believe the same thing about "the internet" but it sure didn't work out that way. Don't see what would stop a government from passing laws impacting the operation of a DAO just like any other part of life.

    • @P8860
      @P8860 2 года назад +1

      @@ChristopherForsyth you can't shut down code unless you delete it. Looping functions.

    • @abhavupneja8160
      @abhavupneja8160 2 года назад +2

      I might be wrong but I think there is no hierarcy of employees in a DAO

    • @twintersify
      @twintersify 2 года назад +6

      Exactly. The fact that they think DAOs somehow get around governments and majority shareholders/board members is just wrong

  • @thoughty42
    @thoughty42 2 года назад

    this is the best crypto channel on YT. and please make video on hard fork and soft fork

  • @emilyadams6759
    @emilyadams6759 2 года назад +14

    I'm new to crypto trading what's the best way to get started with trade cos I've been making my personal research for a while now, i don't know how to trade on cryptocurrency

    • @carlosafonso1006
      @carlosafonso1006 2 года назад

      i used to loose a lot trading cryptos due to lack of experiences but that was until I met Shirley Quinn at a conference in Spain back in 2019, she helped me open up and manage multiple crypto trades which helped me recover all i lost in the market, She's the best

    • @emilyadams6759
      @emilyadams6759 2 года назад

      @Donna Helen How can i contact her please?

    • @justinesantos6866
      @justinesantos6866 2 года назад

      I just withdrew my profit two days before now. I am glad i did invest with her company. I still reinvested and the trade is ongoing

    • @cassiomazzetti589
      @cassiomazzetti589 2 года назад

      I just got engaged with her days ago I knew her from a friend of mine after I saw my friend's profit with Shirley Quinn 5,720USD I won't deny I was jealous her profit motivated me to give a try.

    • @emilyadams6759
      @emilyadams6759 2 года назад

      @Donna Helen Thank You

  • @michaelzeuner1746
    @michaelzeuner1746 2 года назад

    I understand partly the difference between hard forks and soft forks. I think I lean towards hard forks being better then soft. You should absolutely make a video!

  • @crypto-insights
    @crypto-insights 3 года назад +4

    Sad to see that these videos get less views that those hype RUclips videos with insane price predictions. It shows up human greed is way bigger that the curiosity to understand new technologies. Keep up your great content!

    • @blurrymusic3060
      @blurrymusic3060 3 года назад

      Nobody gaf if you feel greed is more important, people are broke, don't really have time to be curious

  • @oriolpinto
    @oriolpinto Месяц назад

    Thanks for breaking down the latest trends in the crypto world!

  • @michealstackhouse9618
    @michealstackhouse9618 2 года назад +13

    Venturing into the trading world without the help of a professional trader and expecting profits is like turning water into wine, you would need a miracle, that's why i trade with mrs Eva heather, her skills set is exceptional.

    • @rocoilcompany5946
      @rocoilcompany5946 2 года назад

      I'm surprised you know her too! I've been making a lot of profits investing with her a few months now.

    • @thomasnewman6811
      @thomasnewman6811 2 года назад

      The fact that I was able to withdraw without any issues is what I love about trading with Mrs Eva heather

    • @rolfmontalbano9002
      @rolfmontalbano9002 2 года назад

      You invest with Mrs Heather too? wow that woman has been a blessing to me and my family.

    • @silemispereiraepana6413
      @silemispereiraepana6413 2 года назад +1

      I've never seen anything compared to Mrs. Heather’s trading performance. She has helped me earn

    • @silemispereiraepana6413
      @silemispereiraepana6413 2 года назад +1

      $7,520 with an invested capital of $2,300 in seven days. her strategies are mind blowing.

  • @harshavardhanranger
    @harshavardhanranger 3 года назад +1

    You are absolutely Legen ... wait for it ....Dary !!!!! Thank you so much mate

  • @Charles-sv9du
    @Charles-sv9du 2 года назад +46

    Nice video!! Very engaging from the beginning to the END., I'm new to crypto trade and I have been making huge losses but recently see a lot of people earning from it. Can someone please tell me what I'm doing wrong,,......

    • @johnmark7799
      @johnmark7799 2 года назад +1

      So many bots in the comment section, very difficult to trust here, I was a victim of scam but was so lucky to find the right trader with amazing strategies in Bitcoin investment. please y'all be careful.

    • @prajasingh7352
      @prajasingh7352 2 года назад

      lost $2000 to them suckers already, so annoying how they rip you off your money

    • @prajasingh7352
      @prajasingh7352 2 года назад

      I tell you man, it's so frustrating, RUclips has to do better in regulating them.

    • @susankayleigh5845
      @susankayleigh5845 2 года назад

      Hey, you said you were able to find a true trader, where and who is she?

    • @johnmark7799
      @johnmark7799 2 года назад

      I read about expert Mrs Bridget Denison, on a gazette, decided to give it a try.

  • @soundwhisperer4272
    @soundwhisperer4272 2 года назад

    its been a while your 5k sub before but now its almost 400k , continue the good work.

  • @coolrazor6835
    @coolrazor6835 3 года назад +3

    As a legitimately visual learner these videos help me a lot

  • @Damienstarkgplus
    @Damienstarkgplus 3 года назад +2

    Yes, please do hard vs soft fork video. Awesome content.

  • @KazzyOfficial
    @KazzyOfficial 3 года назад +3

    Great content

  • @Username-ze1ux
    @Username-ze1ux 2 года назад

    So much to to learn…Dao…hard fork…soft fork…gwei…the list is endless…I like it

  • @HyperNonVerbal
    @HyperNonVerbal 3 года назад +10

    Yeah, what is a hard fork and why do some hard forks not issue new tokens from the hard fork?

    • @WhiteboardCrypto
      @WhiteboardCrypto  3 года назад

      Great news! We have video coming out answering all those questions!

  • @johngustavlabayen
    @johngustavlabayen 2 года назад +1

    Soft fork? First time I’ve heard this. Thanks for your approachable content!

  • @ravvleenkaour
    @ravvleenkaour 3 года назад +4

    Yes, please make video on hard & soft fork. You did good job with this one 👍

  • @jasonschenk5666
    @jasonschenk5666 2 года назад

    i would love to see a video about the hard fork. This channel is awesome by the way!

  • @rajeebsatyal9292
    @rajeebsatyal9292 2 года назад +11

    *Hello what's the best way to get started with trade cos I've been making my personal research for a while now and i still don't know how to start*

    • @dudezico32
      @dudezico32 2 года назад

      As a beginner,I made weak profit investing on my own but since I started trading with Mrs Wendy Harris ,I've made huge profit, her trading strategies are top notch coupled with the little commission she charges on her trade.thanks to God for using her to save i and my family from poverty..

    • @SKRTEL730
      @SKRTEL730 2 года назад

      That is true, one needs an expert trader to make good profit from cryptocurrency trade I earn $13,000 weekly. God bless Mrs wendy , she has been a blessing to my family.

    • @GennyJOR
      @GennyJOR 2 года назад

      @@SKRTEL730 How can someone know an expert trader that is trustworthy, when good ones are hard to find this days.

    • @SKRTEL730
      @SKRTEL730 2 года назад

      @@GennyJOR i will recommend you to my current broker Mrs Wendy Harris, she's from USA and her trading strategies are top notch.

    • @rajeebsatyal9292
      @rajeebsatyal9292 2 года назад

      Please how do I contact this Mrs Wendy Harris, ? I will like to invest with her also.

  • @DocumentingElonMusk
    @DocumentingElonMusk 2 года назад

    Hey I’m so grateful for this channel to exist. 👍 🙏 🙏 🙏

  • @viniciushenriquedasilva7335
    @viniciushenriquedasilva7335 3 года назад +11

    You said that code in a blockchain is always visible. However, I have heard that most of the smart contracts just show the ABI. So, is that easy to draw the code from ABI?

  • @dna3169
    @dna3169 3 года назад +2

    A real APR Vs APY explanation video would be awesome !!! if you haven't already thanks !!!

  • @harambeinhumanform
    @harambeinhumanform 3 года назад +3

    Bro legit the first 10 seconds explained 66% of the subject damn i love it

  • @yangster18
    @yangster18 2 года назад

    nice quick vid, not a lot of cocky shit talk
    and love the illustration, it really helps.

  • @yingyangman11
    @yingyangman11 3 года назад +11

    I feel like there's a lot more doawnsides to this than you mentioned. Like how do you make sure that everyone who's owns the coin votes at every meeting?

    • @MrMarcee
      @MrMarcee 3 года назад

      you could make them LOSE money if they don't vote within X hours.

  • @JJ-yn4vq
    @JJ-yn4vq 2 года назад

    I want to see a video about hard and soft fork !! Good job as always

  • @christinelaniyan2694
    @christinelaniyan2694 3 года назад +3

    Brilliant! Thanks for all this valuable information; it is highly appreciated! Just recently getting acquainted with DAO's and NFT's, so thanks for this again!

  • @JB-wz1zy
    @JB-wz1zy 2 года назад

    Yes make a video about blockchain hard fork plz... if you haven't already.
    I'll look after this video. Keep up the great work! 🌟 🌟 🌟 ❤

  • @julianjuez
    @julianjuez 3 года назад +3

    Yes please: make a video on forks!

  • @bobbycarmichael2562
    @bobbycarmichael2562 Год назад

    Great video and yes I would like to see one on hard and soft forks.

  • @merrypaul8464
    @merrypaul8464 2 года назад +7

    I HAVE INCURRED SO MUCH LOSSES TRADING ON MY Own...I TRADE WELL ON DEMO BUT I THINK THE REAL MARKET IS MANIPULATED...CAN ANYONE HELP ME OUT OR AT LEAST TELL ME WHAT I'M DOING WRONG ?

    • @Fayruzshula
      @Fayruzshula 2 года назад

      Same here, My portfolio has been going down the drain while I try trading, I just don't know what I do wrong

    • @mottajr1776
      @mottajr1776 2 года назад

      I'm so happy for taking the bold step in working and investing $2000 with expert Mrs Laura Smith after a week I received $19,680 to my bank

    • @edwardsimon7877
      @edwardsimon7877 2 года назад

      @Jenna hat Here in Canada Expert Mrs Laura smith carries out the both orientation and mentorship
      Potentials

    • @GermaninVenice119
      @GermaninVenice119 2 года назад

      @Bright Hampton She's not like other brokers that will start telling you stories and excuses why they trade didn't go well after collecting your
      money

  • @prabeeshrajan5591
    @prabeeshrajan5591 3 года назад +2

    This channel is a gem💥💕

  • @naveenbaskaran5746
    @naveenbaskaran5746 3 года назад +19

    Any person with large number of tokens is technically control the decisions. This makes it still human centred. With government not being able to intervene, we are building the best recipe for chaos.

    • @Randomness1214
      @Randomness1214 3 года назад +6

      but unlike with organizations today where VCs and very rich people who are let in during first round funding and can buy in large amounts and become major stake holder while the price is still low, DAOs are open to anyone to as soon as they are created which equalizes the playing field. Additionally because its on the blockchain it is open source. If the community does not like what where things are going or disagree with a decision, they can effectively copy and paste the program of the DAO with whatever changes they want and start their own DAO.

    • @TheMessanger
      @TheMessanger 3 года назад

      Yeap that's how it works if u don't hold billions of coins you make a low return. Friend put 50k on shiba and made 500k I purchased $600 worth and made $1700 😭

    • @TheMessanger
      @TheMessanger 3 года назад

      @@Randomness1214 it's DAO

    • @Randomness1214
      @Randomness1214 3 года назад

      @@TheMessanger lol woops

    • @__________Troll__________
      @__________Troll__________ 3 года назад +2

      @@TheMessanger *50k to 500k is a 1,000% gain which is nice... but your 600 to 1700 is nowhere near 1k%, if your gained 1,000% from 600, you would of been sitting on 6k which is nice. Your point was missed, it's all about percentage.*

  • @dtjnky4610
    @dtjnky4610 2 года назад

    Droid Capital is the first LEGAL DAO in the world. Approved and incorp. in Panama since May 2022

  • @sherrellsprowls7804
    @sherrellsprowls7804 2 года назад +18

    Nice content. To me, trading the forex and crypto market is way better than any online investment 💯

    • @chrissain1395
      @chrissain1395 2 года назад +1

      Please I need someone to help me trade or invest the forex or crypto market because I'm tired of trading in losses myself. I've blown my account twice and it's frustrating.

    • @Kokoben1
      @Kokoben1 2 года назад +1

      @@chrissain1395 I will advise you to try expert Mrs Bridget's trading services...... She's the best

    • @Kokoben1
      @Kokoben1 2 года назад +1

      🏐🏐🏐🏐
      +𝟭𝟰𝟮𝟰𝟮𝟮𝟲𝟲𝟮𝟱𝟳

    • @Kokoben1
      @Kokoben1 2 года назад +1

      Tell her i referred you 👆

    • @michaeltaylor6168
      @michaeltaylor6168 2 года назад +1

      @@Kokoben1 Wow you really know expert Bridget...? I'm a living testimony of expert Bridget, she has been trading for me for months now

  • @whatsupbudbud
    @whatsupbudbud 2 года назад

    BISQ is a DAO that works quite well as a decentralized crypto exchange. Sure, it has scammers and due to this the limits are small at first but it has an inherent arbitrage system where real people are awarded the BISQ token for their service in resolving trade conflicts.

  • @TheVioArtsofficial
    @TheVioArtsofficial 3 года назад +3

    Could u please explain systems like Time Wonderland or Snowbank ? Would be crazy if u can 😍

  • @princesspapi9000
    @princesspapi9000 3 года назад +1

    Hard/soft fork explanation please! Great content 😊

  • @aishagana3570
    @aishagana3570 Год назад +2

    Success seems to be connected with action . successful people keep moving . They make mistakes ,but they don't quit .The stock market has plenty of opportunities to earn a decent payouts, with the right skills and proper understanding of how the market works

    • @richardkelly7527
      @richardkelly7527 Год назад

      Stay invested, diversification for streams of incomes is very important.

  • @sergiu.adrian.32
    @sergiu.adrian.32 2 года назад

    Yes, please make a video about hard and soft fork.
    Your videos are amazing

  • @mattpepe8491
    @mattpepe8491 3 года назад +4

    DAOs are a very effective community model in blockchain.
    Tools like CommonWealth and Snapshot facilitate the creation of these DAOs

  • @rawndommemes1596
    @rawndommemes1596 3 года назад +1

    this channel is growing so fast

  • @andrewanastasiou8915
    @andrewanastasiou8915 3 года назад +4

    Hey! Love this channel
    Could you do a video of how market cap works?

  • @valm0r
    @valm0r Месяц назад

    The importance of community governance in DeFi cannot be overstated.

  • @underdogg8240
    @underdogg8240 2 года назад +2

    Absolutely love your videos - keep up the great work. You have helped me understand so much about this brave new world of crypto

  • @kaiser6390
    @kaiser6390 Месяц назад

    I learned something new today; thank you for sharing your knowledge.

  • @stevenkingston7682
    @stevenkingston7682 3 года назад +4

    Yes! Please make a video about soft and hard forks!
    Btw is Uniswap and Pancakeswap a "DAO" too? They have their own governance token that you can use to vote on smart contracts.

    • @WhiteboardCrypto
      @WhiteboardCrypto  3 года назад

      Yes they are mostly a DAO, we will have to look into Pancakeswap, but I believe it is mostly a Uniswap fork for the BSC

  • @Robert-dt3is
    @Robert-dt3is 3 года назад +2

    Add some crypto addresses in the description of future videos so people can show their appreciation for your work!

  • @juanbowman3874
    @juanbowman3874 2 года назад +7

    Investing in bitcoin is the best investment anyone can do this, because it has made a lot of people millionaire. I pray that anyone who reads this will be successful in life

    • @frankmuth1552
      @frankmuth1552 2 года назад

      Bitcoin is the most profitable investment online if only you trade with a professional broker

    • @frankmuth1552
      @frankmuth1552 2 года назад +1

      I'm really tired of trading on my own and blowing up my account, I'm real interested in trading forex this year because the shape the stock market is take place

    • @simonloux1805
      @simonloux1805 2 года назад

      Is not about ignorant but due to lack of unprofessional and trustworthy trader No doubts, but they're still good and trustworthy expert out there waiting for an investors

    • @simonloux1805
      @simonloux1805 2 года назад

      I so much love her trading scheme... With the communication in the group. They make trading easy, i personally left IML to trade with them

    • @carltonwatson4117
      @carltonwatson4117 2 месяца назад

      Boo

  • @PlayingAy0
    @PlayingAy0 Год назад

    "So that people like you can understand this." I know I'm new to this but that felt like a backhanded insult. 🤣Great video, tho!

  • @akispessiridis721
    @akispessiridis721 3 года назад +4

    Hello Sir, another great and explanatory video like ALL the previous ones. Is it ok to ask, which program you use to create these kind of videos? I am very impressed by them.

    • @WhiteboardCrypto
      @WhiteboardCrypto  3 года назад +5

      Yes, we use software called Videoscribe, there are many other channels that use it, but the stories you tell are most important :)

    • @akispessiridis721
      @akispessiridis721 3 года назад

      @@WhiteboardCrypto Thanks for instant reply. I agree, the content is the most important part of the process.

    • @nebsonne3689
      @nebsonne3689 3 года назад

      @@WhiteboardCrypto I agree with you. Your stories are always exciting n I always watch to the end. Well done ✅

  • @0113Naruto
    @0113Naruto 3 года назад

    Best crypto educational channel for people of all ages. If I could invest in your future growth I would….

  • @adrianorocha-dev
    @adrianorocha-dev 3 года назад +3

    There's a counter argument to one of the downsides shown in the video:
    Since the code is open source, there's not only people interested in finding vulnerabilities to exploit, but also a bunch of people trying to find them to report or patch them.

    • @wisdomcube316
      @wisdomcube316 2 года назад

      And just like in the case of The DAO the people who want to halt the process are ignored or marginalized. In The DAO 's case it was 'hacked' through an exploit in the code which consisted of two lines of code in the wrong position. This bug wasn't an unknown issue to the bigwigs of The DAO but since it was on a Blockchain it was an onerous process to make even that small alteration (which could have been easily done had The DAO been set up in the more standard way). The problem was that a lot of people had a lot of money tied up and weren't willing to stop it for something as insignificant as a code change.

  • @ElectronaMusic
    @ElectronaMusic 2 года назад

    I love how you say 'The DAO'

  • @sebastianlam9391
    @sebastianlam9391 2 года назад +13

    I can’t stop thinking about the irony and insanity of Elon Musk becoming the richest person in the world why they individual who has spent $20billon

    • @wadem.sheehan7152
      @wadem.sheehan7152 2 года назад +1

      No amount of money can certify Elon Musk. I’ll say he needed more that’s why he is investing on Bitcoins. Investing over 1.5 billion dollars

    • @victoriaouellet4999
      @victoriaouellet4999 2 года назад

      He invested in Bitcoin because he is aware of the profit he would make

    • @timothyday90
      @timothyday90 2 года назад

      Millionaire like Warren buffet and Bill gates, never made it depending on paycheck neither were they salary owners. I think investing should be on every wise one’s list and currently all of it is online. In a month or two you’d be ecstatic about the decision you’ve made

    • @quinnlavoie2947
      @quinnlavoie2947 2 года назад

      Bitcoin is the future, investing in it now is the wisest thing to do now especially with the current rise

    • @mohammadmurphy3927
      @mohammadmurphy3927 2 года назад

      I wanted to trade crypto but got confused with the fluctuations of price

  • @MsOsaruese
    @MsOsaruese 2 года назад

    Yes please make a video on hard fork and soft fork, Thank you for the DAO video too

  • @islacharlotte1908
    @islacharlotte1908 3 года назад +11

    I recommended a professional broker to you guys sometime ago, can I get person who invested with her
    comment below
    let's gooooo

    • @candaceberta3671
      @candaceberta3671 3 года назад

      hey wes,
      l did invested with her i made huge profits
      thanks for recommending her

    • @rickycedric3587
      @rickycedric3587 3 года назад

      I saw that recommendations but I did not bother chatting her up 🤦🤦🤦

    • @bertiedaniel7491
      @bertiedaniel7491 3 года назад

      who made profits for you, am really looking for a pro who can manage my account and make me huge profits

    • @michaellouka9777
      @michaellouka9777 3 года назад

      I'm glad I did withdrew my first profit two days ago now I have another on going trade with her

    • @edmundnicky26
      @edmundnicky26 3 года назад

      who is this professional broker and how would I be able to get in contact with her

  • @tayyebeharshi7763
    @tayyebeharshi7763 2 года назад

    You got great way of explaining! thanks

  • @patricks.1298
    @patricks.1298 2 года назад +4

    I'm new to cryptocurrency and I don't understand how it really works.

    • @Charles_Stone799
      @Charles_Stone799 2 года назад

      All you need as a beginner to make good profit from cryptocurrency is a professional trader who will trade on your behalf else you may make losses...

    • @patricks.1298
      @patricks.1298 2 года назад

      @christina barragan How can someone know a professional trader that is trustworthy when legit ones are hard to find this days..

    • @patricks.1298
      @patricks.1298 2 года назад

      @christina barragan Please how do I contact this Mrs Rosemeyer Andrea, ? I will like to invest with her also,

    • @patricks.1298
      @patricks.1298 2 года назад

      @christina barragan thanks, i just message her now and she is directing me on how to start trading.