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how DAO, secure smart contracts, identity, more

a16zcrypto.substack.com

how DAO, secure smart contracts, identity, more

a16z crypto
Jun 12, 2022
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Share this post

how DAO, secure smart contracts, identity, more

a16zcrypto.substack.com

1. The question (and answers): Setting up DAOs, how now?

Miles Jennings, David Kerr

An essential tool for achieving the benefits of web3, DAOs (decentralized autonomous organizations) enable more equitable ownership among stakeholders, reduced censorship, and greater diversity through decentralization. They come in many flavors to serve different community interests, but the question is how do these new organizations exist as legal entities? Especially since there’s no one-size-fits-all approach. So a16z crypto general counsel Miles Jennings, with David Kerr of Cowrie, not only summarize the options out there – but also continue to advance the field by analyzing the many legal, tax, and operations questions involved. They offer a 4-step guide to help builders think through DAO entity selection as part of their ongoing series.

read how to pick a DAO legal entity - a summary and guide

download the legal entity selection framework - full paper

preview just the selection framework & features - charts only

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Other takes: An analysis of LLC shortcomings and of DAO-specific statutes in different states in The Defiant

2. Checklist: Smarter contracts — toward more secure web3 development

Andy Beal, Nassim Eddequiouaq, Riyaz Faizullabhoy, Christian Seifert

Many web3 hacks could be preventable with more emphasis on smart contract security. Just as in every other field of critical software (kernel, firmware, etc.), it’s imperative to have security built-in, from the start, and across the entire smart contract development lifecycle: from design and testing to deployment and maintenance. The authors share a simple, actionable ‘checklist manifesto’ with 8 security considerations to help builders ward off hacks in smart contract development and deployment. But remember: security is never just a simple matter of ticking boxes in a simple checklist to manage complexity!

check out the smart contract security checklist

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3. Building blocks: reads & resources

Theme: decentralized identity for web3

  • On why sign-in with Ethereum is a game-changer / Gregory Rocco part 1 & part 2

  • On decentralized reputation and when your identity travels with you / Scott Kominers & Jad Esbers

  • On ‘byoa’ (bring your own algorithms) NFTs to help maximize personal property rights, interoperability, cross-platform freedom, more / @ryanberckmans @thecryptopeter @mallowsxyz  

  • On the challenge of identification & participation in web3 / Joshua Gans

  • On uses of blockchain in non-financial applications - including account management, reputation, and more / Vitalik Buterin

How to’s, experiments, & demos

  • On how to mint an NFT of your own / pplpleasr

  • On how to run an Ethereum full node on AWS (for ~$60 per month) / Amir Bolous

  • On experimenting with making a counterfactual revocable-delegation contract format / Dan Finlay

News & events this week

  • On the ‘Responsible Financial Innovation Act’, a bipartisan bill that aims to create a legal framework for digital assets / overview + full text

  • On the SEC proposal that would broaden the definition of securities dealers / Elise Hansen in Law360

  • On The Merge / how it impacts the Ethereum application layer | Ropsten network | contextualization of transition issues | recap of call (Tim Beiko)

Continuing the conversation
[see last week’s edition here]

  • On “a beachfront lot for you in the metaverse” / professor and Nobel Laureate Alvin Roth

  • On “perhaps the sexiest introduction to cryptography I've ever read” / agm

-- with Sonal Chokshi, Robert Hackett, Elena Burger, a16z crypto team 

…crytpo me a river 

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