CityDAO’s Lessons: Unraveling the Missteps and Future Potential

ATX DAO Podcast

Summary

Join us as we dive into the world of DAOs with our guests, Pat and 0xJoshua. They share their journeys and insights from their experiences with CityDAO and other prominent DAOs. Discover CityDAO’s pioneering efforts using Wyoming’s LLC legislation to acquire land through a DAO structure and the limitations they encountered. Learn about the internal dynamics, project fragmentation, and treasury management issues within CityDAO. Our guests emphasize the need for existing products for effective DAO governance.

The discussion highlights the crucial role of face-to-face interactions for coordination and consensus-building within DAOs. Hear about CityDAO V2’s vision for Silicon Bali—a smart city concept for web3 and tech enthusiasts, and the lessons learned from CityDAO V1. Pat and 0xJoshua share how these in-person meetings foster creativity and respect among DAO members, which is essential for the community’s growth and success.

Get insights into the Accelerate hacker house in San Francisco. This episode offers a candid look into the challenges and opportunities within the DAO space, providing valuable takeaways for both seasoned participants and newcomers. Tune in to explore decentralized governance and the future of collaborative communities!

Chapters

00:00 Introduction and Background

04:13 Challenges with Factionalism and Power Struggles

06:30 Limitations of the Wyoming DAO LLC Legislation

11:50 The Value of In-Person Meetings and Retreats

15:20 Exploring Alternative Legal Structures for DAOs

30:12 Introduction to CityDAO and the Proposal

31:45 Building Silicon Bali: A Vision for a Smart City

33:07 Challenges with the Operating Agreement and Dissolution of CityDAO

35:06 Progressive Decentralization and the Role of Code in DAOs

41:49 Future Plans

Connect with Joshua and Pat:

• X (Twitter): ⁠⁠@0xJoshuaSL | @patonchain

• LinkedIn: https://linkedin.com/in/JoshuaLapidus

• Acceler8 Website: https://joinaccelr8.com

• Azos Finance Website: https://azos.finance

This episode was hosted by DAO members Jesse and Ken, to learn more about ATX DAO:

• Check out the ⁠ATX DAO ⁠website

• Follow ⁠@ATXDAO⁠ on X (Twitter)

• Subscribe to our newsletter

• Connect with us on ⁠LinkedIn⁠

• Join the community in the ⁠ATX DAO Discord⁠

Connect with the ATX DAO Podcast team on X (Twitter):

• Jesse: @realitycrafter

• Ash: ⁠@ashinthewild⁠

• Luke: ⁠⁠⁠⁠⁠@Luke152⁠⁠⁠⁠⁠

• Mason: ⁠@512mace⁠

• Megan: @MegNogATX

• Nick: ⁠@nickcasares⁠

• Willy: @willyogo

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Keywords

CityDao, DAO, LLC legislation, Wyoming, challenges, coordination, consensus building, cooperatives, legal entity,lessons learned, platforms, growth, smart city, hacker houses, mixed-use housing, progressive decentralization, governance, DAOs, projects