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TED Talks Daily

Could a DAO build the next great city? | Scott Fitsimones

TED Talks Daily

TED

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4.1 • 11.9K Ratings

🗓️ 26 July 2022

⏱️ 12 minutes

🧾️ Download transcript

Summary

Could DAOs, or "decentralized autonomous organizations," be the key to building the next great city? Experimental urbanist Scott Fitsimones shares how these mission-driven, blockchain-governed, collectively owned organizations could increase the speed and efficiency of building cities (among many other applications) -- all while pooling decision-making power in a radically collaborative way. Hear about how he started a "crypto co-op" that bought 40 acres of land in Wyoming and learn more about the potential for DAOs to get things done in the future.

Transcript

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0:00.0

I'm Elise Hugh, you're listening to Ted Talks Daily.

0:07.3

You're probably reading about and hearing more and more about DAO's, which stands for

0:11.6

decentralized autonomous organizations.

0:15.0

But how do DAO's work in a practical sense?

0:18.0

From the TED 2022 stage, the experimental urbanist Scott Fitzsimmons shares his real-life

0:23.5

example of his crypto co-op and the potential for DAO's to get things done.

0:30.5

Hey, I'm Stephen Johnson, host of the TED Interview Podcast.

0:36.1

On this show, we talk to some of the world's most interesting people.

0:39.9

On the latest episode, chess champion and political dissident Gary Kasparov talks about Putin's

0:45.6

end game in Ukraine and what he learned in his famous loss to an IBM computer.

0:50.4

It was not my first match.

0:52.4

I lost against the machine.

0:53.4

It was the first match I lost the period.

0:55.6

I was the first knowledge worker who had his job threatened by a computer.

0:59.7

Check out the TED Interview on Apple Podcasts, Spotify or wherever you listen.

1:07.7

Support for Ted Talks Daily comes from Airbnb.

1:11.7

When you're staying at an Airbnb, you might be like me wondering, could my place be an

1:16.3

Airbnb?

1:17.3

And if it could, what could it earn?

1:20.1

I think about this all the time.

1:21.8

Sub, whose extra room in London was storing furniture until his mom had the idea to start

1:26.7

Airbnb in it.

...

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