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Podcast: Epicenter - Learn about Crypto, Blockchain, Ethereum, Bitcoin and Distributed Technologies
Episode: Ralph Merkle: Revolutionizing Democracy Using DAOs
Description: 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 an...