The growing concerns around climate change are urgent, to say the least and they need real solutions. Rune Christensen, founder of MakerDAO addressed this issue recently. He has been advocating for MakerDAO to solve the problem of climate change.
In the latest edition of the Bankless podcast, Christensen highlighted different aspects of the said issue, but with one target at its core — the need for a purpose-driven DAO rather than a profit one. He shed light on the importance of a “clean money” drive, stating,
“I came up with this concept of centering everything around this clean money vision. And the question of DAO’s, how a DAO should organize and this concept of a purpose-driven DAO, versus a profit-driven DAO. I think that’s a real age old kind of issue…”
At present, the “fundamental game-theoretic problems” with DAOs are things like governance attacks. In simple terms, if someone actually controlled the majority of the voting shares, say in DeFi, they can just straight up steal all the assets in the protocol. “Bitcoin itself was driven by the same thing.” he said, adding that “the toxic maximalism was a way for Bitcoiners to work together towards a greater good.”
In addition to this, there was a surge in the environmental economic crisis as well. The crisis plus the existing political instability could very easily result in hyperinflation of the USD. The current financial system ignores what’s going to happen…