Crypto enables DAOs. For the first time in human history, large scale financial and economic organization for the general public is possible. And its possible to do it in a transparent manner.<p>In 'normal' life this kind of organization, investment, company creation and management et al are all gated behind legal complications and requirements of minimum capital and many others. Even when a major movement succeeds in setting up a foundation, the running of it is complicated, non-transparent and anti-democratic.<p>Even with companies it is the same - for the ordinary person creating or participating in a company is difficult and it requires understanding legal implications and responsibilities. Even if you do, there are various legal and economic barriers to investing and participating in such large companies.<p>With DAOs, everything is in broad daylight - depending on how the DAO is set up of course. But any properly set up DAO gives the power to the people in taking up the culture that we created in Open Source Software movement up a notch - by enabling organized economic movements.<p>That DAO which tried to buy the US constition failed. There was no way a new, emergent, new way of doing things could gather enough money in enough time to overcome the already aggregated private capital that it competed with.<p>But it proved something - for the first time in history, such things are possible. Economic organization for the masses.<p>Those who criticize crypto seem to have scarce awareness, leave aside understanding of what DAOs represent, and what is happening in DAO space. Of course, its hard to blame people - some understanding of at least Early Modern human history, economic systems and organization patterns and the development of democracy would be required to understand how big a change DAOs are. And that requires an ample interest in history itself.