Understanding the Bureaucratic Quagmire
Many charities stumble over the ever-present red tape. Bureaucratic systems can create a complex maze, often disrupting the flow of aid before it even reaches those in need. The result? Funds may gather dust instead of helping hands. Let’s face it, when you need help, you don’t want to fill out forms that require a PhD just to get a sandwich.
Active Activism: A Fresh Take
Marisa Rando, co-founder of PactDAO, champions the idea that real change requires action, not just talk. She emphasizes being “active” — take that, couch potatoes! Much of traditional charity is impeded by rigid hierarchies, leading to biased assistance. But with a decentralized approach, everyone, from donors to recipients, gets a say. It’s all about building vibrant communities where fairness and shared voices thrive.
From Skepticism to Embracing Crypto
Initially, Rando and her crew at PactDAO had their doubts about cryptocurrency’s role in charity. Perhaps they were imagining that waning trust in picnics turned into Ponzi schemes. However, after a successful year pairing NYC residents with mutual aid organizations, some light bulbs clicked on. They realized that cryptocurrencies could not only fund initiatives but also introduce innovative governance models.
A Lesson in Multisig
In their quest to find a democratically-managed banking solution, the concept of a multisignature wallet floated to the surface. As Rando humorously recalled, “I thought, why on earth do I need to know about this crypto stuff?” But some good-hearted peer pressure from friends in the space eventually helped her see the light:
“How do we create this bank account in which multiple groups can be involved? But there’s guardrails and democracy built into it.”
Decentralized Autonomous Organizations (DAOs)
PactDAO’s transformation into a DAO isn’t just for the trendy tech buzzword status. Rando explained that crypto offers a more clandestine funding source — one that’s less monitored by governmental eyes. It’s like the secret stash of candy you hide under your bed, only this stash helps communities thrive rather than rot your teeth.
Membership Matters
In this DAO setup, decision-making is reserved for local activists and organizers who know the terrain best. After all, who better to decide how to spend resources than those living in the middle of the action? It’s sort of like entrusting the cookie jar to your grandma — she knows how to dish it out fairly and wisely!
Conclusion
So, what’s next for PactDAO and the world of mutual aid? To hear more about their current initiatives and goals for 2023, check out Rando’s conversation on The Agenda. And as you do, remember to keep an ear out for fresh ideas, innovative funding models, and all the whimsy that comes with making the world just a bit more fair for everyone.
