Algorithmic decentralization is an ideology that finds its origin in the cypherpunk movement, which championed cryptography as the only tool to ensure people's freedom on the Internet. This techno-utopianism promotes decentralization as a tool for the elimination of hierarchies and the dissolution of power. Blockchain technologies, and therefore cryptocurrencies, are born on the wake of these expectations and they embrace a political spectrum that goes from extreme leftists to right wing cyber-libertarians. However, now that traditional finance, big corporations and even centralized institutions are more and more conquering the crypto-space, the utopia of decentralization has shifted from currencies towards a new tool, the DAOs.
Decentralized Autonomous Organizations are internet-native organizations collectively owned and managed by their members. According to DeFilippi and Wright's "a DAO is a particular kind of decentralized organization that is neither run nor controlled by any person but entirely by code. As opposed to other decentralized organizations --- which are operated by individuals who hold the ultimate decision-making power --- DAOs are designed to run autonomously on a blockchain." (1) The authors call the set of rules accepted by the community lex cryptographica, an order created without and the law through the underlying protocol of a blockchain-based network.
Read the full article: https://osom.finance/blog/daos-culture-and-politics
Camilla Carabini - Economic anthropologist interested in money, finance, and cooperatives. She works as an independent researcher and she is a board member of Fondazione Finanza Etica in Italy. She is an expert on international cooperative development: before choosing the freelance career she was director of an Ngo engaged in the promotion of social and cooperative enterprises in Africa and Latin America. She has lived, studied and worked in Argentina, Cape Verde, Colombia, Ghana, Mozambique, Spain, Togo, and the UK. She is @camunz on Twitter.
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