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Ralph Merkle: Revolutionizing Democracy Using DAOs (rebroadcast)

Episode Summary

The legendary scientist and cryptography pioneer joins us to discuss his paper on DAOs. It explores how a decentralized, transparent DAO making decisions using prediction markets could create more efficient democratic systems.

Episode Notes

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 covered 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

Episode links:

• Ralph Merkle DAO Democracy Paper [PDF]
• Ralph Merkle's Homepage
• Ralph Merkle's Wikipedia page
• Episode 98 with Robin Hanson on futarchy & prediction markets
• Tim Urban: Why Cryonics Makes Sense
• Alcor - Life Extension Foundation

Thank you to our sponsors for their support:

• The open, decentralized trading protocol for ERC20 tokens using the Dutch auction mechanism. More at epicenter.tv/dutchx.

This episode is hosted by Brian Fabian Crain and Meher Roy. Show notes and listening options: epicenter.tv/252