[T]he core concepts of DAOs and crypto-economic mechanism design — incentives, penalties and secrecy — are not a natural starting point for most people forming new ventures together. Neither, funnily enough, is money. So what are DisCOs and why do we need them? DisCOs are an approach to forming Distributed Open Cooperatives. Let’s take this one track at a time.
- Why co-operatives? Because we need to inject democracy into our economic systems (and politics and society in turn).
- Why Open-Value Cooperativism? Because we need to expand our economics and accounting to include care for living systems.
- Why DAOs? Why distributed? To maximize radical and emancipatory cooperation across national borders (on- and off-chain) while operating within the laws locally (at least until we can change them).
The famous anarcha-feminist Emma Goldman said “If I can’t dance, it’s not my revolution!” DisCOs throw open the door and invite whole new tribes to join together with the crypto-economists on the dancefloor of planetary-scale cooperation, to co-create new moves and movements for working people, and to form common pools of care and value.