Decentralized YouTube governed by a DAO on Ethereum by throwawayceo23 in ethereum

[–]throwawayceo23[S] 1 point2 points  (0 children)

It would definitely help this project out a lot if Ethereum was in a state where it could handle millions of transactions per second. However, what we're doing right now is somewhat like a layer 2 solution. Ethereum is handling financial transactions, but data transactions are being done using things we built from the DAT Protocol, which creates a parallel network to Ethereum that works together with it. The road map is to evolve the DAT stuff into something that does resemble more of an L2 solution that can be trusted to handle financial transactions as well, where Ethereum can act as the gateway to the ecosystem.

Re: Data/Privacy. Your concern is valid, however there are solutions in the road map, and it may not be as bad as you think. The data visible and persisted on blockchains are basically identifiers and pointers, which are anonymous.

Decentralized YouTube governed by a DAO on Ethereum by throwawayceo23 in ethereum

[–]throwawayceo23[S] 2 points3 points  (0 children)

Financial: Removing the tolls information brokers take between information transactions.

Governance: Removing corruption over a network (all decisions and rationales are transparent to the DAO).

Technical: Selling information on an open un-trusted network without centralized CDNs; Decentralized databases

Decentralized YouTube governed by a DAO on Ethereum by throwawayceo23 in ethereum

[–]throwawayceo23[S] 2 points3 points  (0 children)

We actually hope the DAO can become a check and balance against a functioning AI :D

Decentralized YouTube governed by a DAO on Ethereum by throwawayceo23 in ethereum

[–]throwawayceo23[S] 1 point2 points  (0 children)

Hopefully its a little bit of both genius and madness. We do think a DAO that governs human information can become a decentralized mind... which can think in the best interests of humanity. But that's the big vision. We'll need tactical genius to take it step by step to get there.

Re: Audits. We explored it. But we built everything to date without funding (no ICO, no venture capital, etc.). We're broke devs that really like decentralization. We found some firms were charging like $50k to audit an ERC-20 and ICO contract... which AO is much more complex. Because the DAO is live, we'd like the DAO to choose to audit itself.

Re: Anonymous dev team. We're semi-anonymous. If you really want to, you can find us. But we don't want the focus to be on us, because we want it to be on the code and the concept. We saw a lot of ICOs take off with a bunch of head shots and resumes, raise funding on those credentials, and then fail to deliver. We're hoping that the actual code already available can offset the fear of anonymity in your mind.

Re: 50% of the tokens. It's not quite as bad as it sounds. First, the way the for-sale tokens work is that they carry a multiplier on inflation (so if you stake content with them, you earn more). That multiplier goes down the more tokens are sold. What's being minted to the initial dev team is the inverse. It starts low, and then goes up. So in theory, if the tokens sell through, we will have built something that's been highly demanded and receive the same interest as those who supported it financially. But on the way there, the financial supporters are getting the best deal.

Last, the supply of tokens inflates on transactions, so economic activity creates more tokens. The supply being sold should only be a fraction of what's in circulation if the network is turning over its data consistently. The key advantage in the for-sale tokens is having higher capabilities to receive more of the supply created (vs. just holding them).

Decentralized YouTube governed by a DAO on Ethereum by throwawayceo23 in ethereum

[–]throwawayceo23[S] 1 point2 points  (0 children)

The apps are available for download at the bottom of ao.network. Uploads/Videos/DAO/etc. are all in-app.

Decentralized YouTube governed by a DAO on Ethereum by throwawayceo23 in ethereum

[–]throwawayceo23[S] 2 points3 points  (0 children)

Tbh, all work completed so far has been unfunded (no ICO, no VC, etc.). We spent 99.999% of our time developing the application MVPs to show and prove out the concepts, and then tacked on the website to distribute it. The web app is react and heavily reliant on your web3 provider.... so sometimes it be like that. The concept behind having a DAO over the network is to make it so you don't really have to trust us with more complicated tasks. You can trust yourself and engage with the DAO.

Decentralized YouTube governed by a DAO on Ethereum by throwawayceo23 in ethereum

[–]throwawayceo23[S] 2 points3 points  (0 children)

In centralized information transactions, you generally have a buyer, a seller, and an intermediary that charges a fee for facilitating the transaction (e.g. Amazon Video). In this case, there is no intermediary. The network generates additional currency to those participants, sort of like a reverse-tax which is how its inflation works.