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PeopleDAO “exploited” by Google Docs edit

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Re: PeopleDAO “exploited” by Google Docs edit

#41

Post by ivoras »

This is a beautiful example of the biggest current problem with DAOs and all (and I do mean ALL) crypto projects which aim to interface with the real world (i.e. all projects not doing with purely abstract stuff like DeFi-like tokens, and closed systems like "metaverses"): THEY CAN'T.

They really cannot interface with the Real World, without leaking real-world problems into the "perfect" smart contract-driven crypto systems. They can't interface with the real-world financial systems (with stablecoins) and expect it to be always stable (see USDC), they can't interface with people doing real-world chores/tasks and have it reflected in blockchain brownie points aka tokens (like socially-useful DAOs like the one in the article), they can't interface with logistics where people and machines do actual work and fail unpredictable (like blockchain tracking of the supply chain), they can't authenticate artwork purely on blockchain (without paying actual people to guard the artwork), etc.

They just can't. All projects claiming they can are pure scams (of course, I'd be very happy to be proven wrong).

The nearest we can get to having perfect digital systems like cyptoanarhysts and cryptobros (sometimes there isn't any difference) advocate is to give up on the physical world and actually move everything into the metaverse where it doesn't depend on real world messyness, but then a) people will still find ways to mess things up and b) this Matrix-like system still needs electricity.

Just... embrace the messiness. You can't really escape it. Crypto is not special. Blockchains are useful tools, but so far, systems based on them they have not been proven to be strictily better than real-world messyness.

The best use cases for blockchains are those which don't really earn a lot of money for the operators, such as tracking publically visible official data - like university degrees, corporate tax returns and financial statements, fighting fake news, etc. - so they are avoided like the plague.

Re: PeopleDAO “exploited” by Google Docs edit

#42

Post by JasonFruit »

karulont wrote: post #14

So people want to be progressive and use cryptocurrency that is not tied to a government. But when things go wrong they run to the FBI and FTC both run by the government.

People want their eggs and milk privately, but when the shopkeeper steals their money and runs away, they want the police and the courts. That's not really inconsistent.

Re: PeopleDAO “exploited” by Google Docs edit

#43

Post by amalcon »

UncleMeat wrote: post #13

Hilarious. DAO stands for "decentralized autonomous organization." This thing appears to collect transactions via a centralized google form and then complete those transactions if 5 of 9 people vote to perform them. Neither decentralized nor autonomous. You go through all this effort to establish something fancy using whatever hot defi thing exists but situate it on top of a google form and a spreadsheet just owned b…

So... they seem to have taken a trust or a co-op or something like that, and grafted a bunch of cryptocurrency stuff onto it. This gets you the disadvantages of both, and the advantages of neither. If you call it a "DAO", though, apparently the people you don't scare off also don't look too closely?

Re: PeopleDAO “exploited” by Google Docs edit

#44

Post by turtleyacht »

ivoras wrote: post #41

This is a beautiful example of the biggest current problem with DAOs and all (and I do mean ALL) crypto projects which aim to interface with the real world (i.e. all projects not doing with purely abstract stuff like DeFi-like tokens, and closed systems like "metaverses"): THEY CAN'T. They really cannot interface with the Real World, without leaking real-world problems into the "perfect" smart contract-driven crypto…

Hey, wait a minute.. those sound like really useful use cases for public transparency. So we just need folks to tag and shuttle these things into a blockchain, and present some kind of API to allow (data) mining it?

Re: PeopleDAO “exploited” by Google Docs edit

#45

Post by djbusby »

mtlmtlmtlmtl wrote: post #40
Waterluvian wrote: post #31

Earlier quoted context omitted.

This feels like the financial version of, “front end feels too complicated. Let’s make it simple.” And then they re-discover all the hard fought lessons one by one until their framework is complicated too.

Exactly. Or young people coming out of college having this adorably naïve, idealistic world view where everything fits nearly into their world view. Then they live some, experience things that don't fit so neatly, and begin to acknowledge the complexity of the world, becoming more pragmatist politically. At least that was my experience of 20->30. I can't even think of a long sentence that encapsulates my world view a…

Confused - that's my one word.

Re: PeopleDAO “exploited” by Google Docs edit

#46

Post by plagiarist »

weego wrote: post #4

I know this is a low value way of saying this, so, apologies up front but: Fucking lol at their bookkeeping and payout system just being a spreadsheet with no other comparison of truth before submission. We're on course for DAOs to rediscover the basic principles of our existing financial system within the decade.

Some days it does seem like crypto currencies are speed running the development of financial regulations by discovering the reasons those regulations were created. But this one just sounds foolish of its own accord.

Re: PeopleDAO “exploited” by Google Docs edit

#47

Post by ivoras »

turtleyacht wrote: post #44
ivoras wrote: post #41

This is a beautiful example of the biggest current problem with DAOs and all (and I do mean ALL) crypto projects which aim to interface with the real world (i.e. all projects not doing with purely abstract stuff like DeFi-like tokens, and closed systems like "metaverses"): THEY CAN'T. They really cannot interface with the Real World, without leaking real-world problems into the "perfect" smart contract-driven crypto…

Hey, wait a minute.. those sound like really useful use cases for public transparency. So we just need folks to tag and shuttle these things into a blockchain, and present some kind of API to allow (data) mining it?

Yes, it's interesting.

This has been known and ocassionally touted for AGES. I've attempted to start a couple of such projects and have been following the progress of other projects with similar ideas.

There has been near ZERO interest for them, because there's no currently viable business case for such projects, except "let the government pay for it." Data mining isn't THAT useful if there's no data in there - who would force entities like companies, universities or the SEC to push the data into the blockchain?

I'd be very happy if could find funding for https://github.com/WOTvision/wot1 and I can see a business case for it as a potential platform for legal, paid distribution of news between creators/reporters and distributors like news portals. But even so, no takers.

Re: PeopleDAO “exploited” by Google Docs edit

#48

Post by phaker »

wood_spirit wrote: post #38

I don’t browse much Twitter so maybe I’m just sheltered, but this is the first time I’ve scrolled down and seen extremely explicit pics (presumably spam to make people click). Is this normal or have twitters filters started to fail?

There was a very noticeable uptick in spam (and also false positives like news Russia wouldn't like suddenly being marked as nsfw) starting after Elon laid off everyone he could. So i guess the human half of moderation disappeared.

Re: PeopleDAO “exploited” by Google Docs edit

#49

Post by markburns »

ivoras wrote: post #41

This is a beautiful example of the biggest current problem with DAOs and all (and I do mean ALL) crypto projects which aim to interface with the real world (i.e. all projects not doing with purely abstract stuff like DeFi-like tokens, and closed systems like "metaverses"): THEY CAN'T. They really cannot interface with the Real World, without leaking real-world problems into the "perfect" smart contract-driven crypto…

This has always baffled me about these projects. I think the only thing I heard of that sounded like it may be feasible was Golem [0], as that's about renting out real world hardware. And I've no idea if it is, but I can imagine it could be something where it's all programmatic, distributed, transactional and verifiable, but I can also imagine it being full of real world holes.

Or I guess namecoin [1] sounds like it could work with a critical mass for adoption. But it seems to be a real subset of real world problems that are solvable. Things that inherently make sense being protocols and distributed I guess, I'm not sure if there are other classes of problems that could work well as 'web3' things

[0] https://www.golem.network/ [1] https://www.namecoin.org

Re: PeopleDAO “exploited” by Google Docs edit

#50

Post by plagiarist »

karulont wrote: post #14

So people want to be progressive and use cryptocurrency that is not tied to a government. But when things go wrong they run to the FBI and FTC both run by the government.

Taking your statement independently of this particular situation: if they're paying taxes on their crypto gains, I don't see a conflict in wanting that? There are plenty of people doing forex who would (IMO correctly) expect the government to do something if their foreign currency is stolen by fraud or deception.
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