thesis

taxpayer funded government programs (socialism), the minimum human-standard-of-living can be funded by the yield generated by the new system/decentralized entity itself (decentralism).

Consider the dao becoming the most valuable entity on the planet, functioning as a superior global management system, and having critical mass adoption. Legacy government systems would not be able to continue in their current capacities.

However, this itself presents a significant risk. Without careful advanced planning, many governments will certainly resist, some perhaps violently. Recruitment and placement of critical-thinking stewards into legacy government positions can help to manage this risk.

In order for the dao to increase its value over time, fiat and crypto onramps can enable human financial participation (adoption). From this, the proceeds can be used to fund dao operations, and accumulate blue-chip crypto assets such as bitcoin and ethereum, as well as 'real-world' assets, such as real estate. Additionally, the yield generated from these assets can be reinvested to continue to expand asset-backing, and to fund the dao and its objectives over time.

This hybrid-backed mechanism can differentiate the dao token from other crypto assets, and can function as a catalyst for broader adoption. Existing crypto-assets are not equally suited for the task, as the concept that digital assets have value is elusive for many. A hybrid-backed digital asset will be more readily adoptable, and can offer greater stability in both asset confidence, and valuation.

In exchange for financial participation, adopters will receive dao tokens, representing a shared proportional interest in the underlying assets. These tokens may increase or decrease in value as determined by the open market, and as partially driven by the collective value of the underlying assets.

The dao token can serve (a) to generate capital, (b) as an indicator of the strength of the dao (market capitalization), and also, in time, as (c) a single, global means-of-exchange (unified worldwide money).

The dao token functioning as a unified worldwide money is not the primary function or purpose of the dao. However, this can provide the dao with both symbolic, and symbiotic strength. A new global management system, also providing a new, single global means-of-exchange, will provide both the dao, and the dao token, with greater collective strength.

Once sufficiently informed, humans will choose stores of value and mediums of exchange that are not subject to debasement, and will abandon those that are. All fiat currencies will fail. Central banks will cease to function in their current form. Government attempts at digital fiat will also fail as debaseable digital currencies will remain transparently inferior to fixed supply decentralized money.

As adoption of decentralized money grows, individuals will become more empowered. This will create the first opportunities for decentralized global governance. In turn, this will create opportunities to improve the human condition, and build a stronger planet.

Welcome to earth.