Ralph Merkle

Revolutionizing Democracy Using DAOs

Legendary scientist and cryptography pioneer Ralph Merkle joined us to discuss his recent paper on DAOs. Merkle examined how the voting mechanisms in today’s democracies are flawed and how a decentralized, transparent DAO making decisions using prediction markets could create more efficient democratic systems.

Topics we discussed in this episode
  • Merkle proofs, Merkle Roots and his early forays into cryptography
  • Blockchains as living organisms
  • Why DAOs will be subject to a Darwinian evolutionary process
  • Why voting is flawed and we need new governance methods to save democracy
  • The concept of a DAO democracy
  • How prediction markets and futarchy would help govern a DAO democracy
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