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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 included:

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

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Epicenter Bitcoin is hosted by Brian Fabian Crain, Sébastien Couture & Meher Roy.

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