The Rise Of Distributed Autonomous Organization | JP Vergne | Escaped Sapiens #57
In this conversation I discuss distributed and decentralized organizations with Jean-Philippe Vergne, who is an associate professor of strategy at University College London. We focus on the development of blockchain technology, which at least in theory should allow for new forms of organization that don't rely on centralized authorities to function. The initial dream was that blockchain technology would drive innovation, provide transparency, limit abuses of power, and provide access to financing for people living in dysfunctional states. Crypto currencies based on the technology might also act as a counterweight to the sovereign monopoly that nation states have on currency creation. As we discuss, however, blockchain networks and applications often maintain elements of centralization and it is often difficult in practice to use the technology to construct organizations that are more distributed than traditional hierarchical organizations.
►For more information about JP's research:
www.mgmt.ucl.ac.uk/people/jea...
journals.sagepub.com/doi/full...
►Follow JP on twitter and LinkedIn:
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/ jpver
These conversations are supported by the Andrea von Braun foundation (www.avbstiftung.de/), as an exploration of the rich, exciting, connected, scientifically literate, and (most importantly) sustainable future of humanity. The views expressed in these episodes are my own and those of my guests. This episode focuses on new forms of organization and the evolution of stable societies.
0:00 - Introduction
1:40 - What is blockchain technology and cryptocurrency?
17:20 - The blockchain and society.
22:30 - Hierarchies.
29:10 - Can direct democracy scale?
34:30 - The failure of DAOs
37:40 - How to know if an organization is decentralized.
44:40 - Is Bitcoin or Ethereum more decentralized?
49:30 - Who should be allowed to vote?
59:50 - Decentralized organization?
1:02:00 - Why is decentralization and distribution good?
1:11:40 - Crypto for the poor?
1:12:51 - Will nations crumble?
1:16:50 - Pirates.
1:30:40 - Who are the pirates of today?
1:33:30 - Capitalism.
1:43:30 - Dystopia and Utopia.
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Great episode Shane! Keep it up!
Hi David, Thanks, and thanks for dropping by! =D
Very awesome podcast, hope you upload videos weekly, very informative ❤️
Thanks rthegle - glad you enjoy. I'm hoping to eventually. As the audience and engagement grows it will provide me more of an opportunity. Lets see!
Do you need any video editor
can i edit your youtube videos?
Please interview builders not academics, rune from maker dao or Kain from snx would give you actionable info
Thanks for the suggestion. I will look into the people you mention. Please feel free to let me know if there is anyone else you would be interested in hearing from here: docs.google.com/forms/d/e/1FAIpQLSdMjEDRe5qck8BluVfFUS05iCMeAeG1F6Htng31a9qPD8w8nw/viewform?pli=1
If you guys do not want decentralized money, just stick to fiat. Just stick to the BIS then. That's all you have to do. You don't have to make a two-hour convo about why you don't like blockchain, or why you guys don't have any type of developer knowledge or anything. Like, this was not a technical conversation at all.
Hi There, @and1play5 - I find decentralized money really interesting - that's what the episode is about. It isn't anti-crypto.
Hi Thomas, thanks for your comment. This is something I came to appreciate through the interview. One of the interesting things that JP does is look at how decentralized and distributed existing organizations are - he finds that actually it's quite difficult to do better than many of the traditional organizations that we have in place...
✅ *Promosm*
This guy is not on chain enough to speak