Day: June 14, 2023

Ava Labs CEO to testify before US House

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Dr. Emin Gün Sirer, who leads the development of the Avalanche protocol, is set to testify before the U.S. House Financial Services Committee. Computer scientist and key developer of the Avalanche protocol, Dr. Emin Gün Sirer, is poised to testify before the U.S. House Financial Services Committee. The announcement was first revealed via a tweet, and Sirer himself later confirmed this, expressing gratitude for the opportunity on his own Twitter feed. My written testimony for the…

Cybernetic organizations — BORGs — are doomed to fail

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What makes a decentralized autonomous organization (DAO) a DAO? In practice, the democratic structure of these organizations has been compromised because a number of self-purporting DAOs are operating like traditional corporations. With this in mind, developers at Delphi Labs proposed an alternative framework, incorporating so-called BORGs (Cybernetic Organizations) into governance structures to automate decision-making so that action could be taken without a DAO proposal. In effect, a BORG would be an artificially intelligent bureaucrat, implementing law through code. However, the project of democratization should not be abandoned yet. DAOs should…