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Are you down for DAOs?

Moolah
Hello to the new Moolah subscribers!
I appreciate you guys letting me invade your inbox. I like to think of this newsletter as a curation of the most interesting crypto-related content I’ve found throughout the week. That could be articles, podcasts, or even videos.
Here’s a preview of the discoveries this week:
  • Decentralized Autonomous Organizations (DAOs)
  • How a professional investor thinks about the crypto space
  • What are stablecoins?
As you’ll see toward the end of this issue, not everything has to be crypto related. Credit to Brian C. for showing me that hilarious video.
Today’s introduction will be a short one. I’m in the middle of applying to coding bootcamps, so much of my time has been spent on programming/applications and working through an essay I’m writing with Sam. Hopefully we publish soon. In the meantime, hope everyone has a great week!
Stay healthy,
Phil

Discoveries
Aaron Wright is a professor at the Cardozo School of Law and co-founder of OpenLaw, a software platform that helps blockchain developers integrate legal contracts into code. In this podcast he talks about the legal implications of decentralized autonomous organizations (DAOs). If I had to describe DAOs to a 5th grader, I would say it’s like forming a dodgeball team without team captains. Or everybody is a team captain, depending on how you look at it… Point is, DAOs today are what LLCs were when they were first created in 1977: eventually, it’ll be the popular way to structure an organization, at least one that is digitally native.
As you could have guessed, I went down a rabbit hole on the Epicenter podcast this past week. I’m trying to up my “level of difficulty” when it comes to crypto concepts, and I found the team at Epicenter to be more technical and in-depth compared to other, more beginner-friendly podcasts. But they still bring it at a high-level, too. Kyle Samani is managing partner and co-founder of crypto venture firm Multicoin Capital. Kyle talks about Multicoin’s investment theses when it comes to crypto. It was really enlightening to hear how a professional investor thinks about the future of this rapidly growing and disruptive space.
Haseeb Qureshi is one of my favorite thinkers when it comes to crypto. Written over three years ago at this point, this is still a highly relevant article if someone wants an overview of stablecoins, which are price-stable digital currencies that exist on a blockchain. Haseeb discusses the pros and cons of different stablecoin mechanisms, which could be the primary way we transact digitally in the future (as opposed to debit/credit cards, quickpay, or wire transfers).
NFT of the week
This week's YouTube video (NSFW)
SICKO MODE but I don't think I got the right version
SICKO MODE but I don't think I got the right version
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Phil Hendricks
Phil Hendricks @PhilLHendricks

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