Update 2022-08-11-staking-identities.md

_posts/2022-08-11-staking-identities.md

@@ -26,7 +26,7 @@ DAOs are a hot topic right now, especially at the intersection of decentralized
 
 To examine the relationship between DAOs and co-ops, I use the International Cooperative Association (ICA)’s [seven Cooperative Principles](https://www.ica.coop/en/cooperatives/cooperative-identity)[^4] as a framework; this is largely because DAOs have myriad definitions and are still emerging as an organizing structure, while there is considerable social and legal agreement about what constitutes a co-op. It’s also important to note that there are many organizing assemblages that straddle or blur the DAO/co-op dichotomy, including collectives and DisCOs; the point here is not to get into the semantics of labeling organizations, but to look at some of the practical challenges of blending the DAO/coop models.
 
-The ICA, a global stewarding body for the co-operative movement, offers a Statement on Cooperative Identity that includes a co-operative definition, values, and seven principles; the latter of which I’ll explore in detail below. [According to the ICA](https://www.ica.coop/en/cooperatives/cooperative-identity), a cooperative is defined as “an ‘autonomous association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly owned and democratically-controlled enterprise.’”[^5] This widely accepted definition of a co-op stands in contrast to the numerous definitions of DAOs, which vary in their specificity. Starting with a technical framing, the [Coalition of Automated Legal Applications](https://blockchaingov.eu/model-law-for-daos/) (COALA) posits that DAO “refers to smart contracts (i.e. blockchain-based software) deployed on a public Permissionless Blockchain, which implements specific decision-making or governance rules enabling a multiplicity of actors to coordinate themselves in a decentralized fashion. These governance rules must be technically, although not necessarily operationally, decentralized.”[^6] Elsewhere, [Kelsie Nabbin suggests](https://platform.coop/blog/dao-design-patterns/) that DAOs are “relational, co-constructive entities, composed of human and machine components, functioning towards a shared objective.”[^7] And a still more concise explanation of DAOs is that they are simply “an incentivised coordination tool for communities.”[^8] These DAO definitions lack agreement in a number of respects, but most centre ‘permissionless’ technology, rather than people; this can be contrasted to the ICA definition, which clearly puts ‘persons’ at the heart of a cooperative enterprise. 
+The ICA, a global stewarding body for the co-operative movement, offers a Statement on Cooperative Identity that includes a co-operative definition, values, and seven principles; the latter of which I’ll explore in detail below. [According to the ICA](https://www.ica.coop/en/cooperatives/cooperative-identity), a cooperative is defined as “an ‘autonomous association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly owned and democratically-controlled enterprise.’”[^5] This widely accepted definition of a co-op stands in contrast to the numerous definitions of DAOs, which vary in their specificity. Starting with a technical framing, the [Coalition of Automated Legal Applications](https://blockchaingov.eu/model-law-for-daos/) (COALA) posits that DAO “refers to smart contracts (i.e. blockchain-based software) deployed on a public Permissionless Blockchain, which implements specific decision-making or governance rules enabling a multiplicity of actors to coordinate themselves in a decentralized fashion. These governance rules must be technically, although not necessarily operationally, decentralized.”[^6] Elsewhere, [Kelsie Nabben suggests](https://platform.coop/blog/dao-design-patterns/) that DAOs are “relational, co-constructive entities, composed of human and machine components, functioning towards a shared objective.”[^7] And a still more concise explanation of DAOs is that they are simply “an incentivised coordination tool for communities.”[^8] These DAO definitions lack agreement in a number of respects, but most centre ‘permissionless’ technology, rather than people; this can be contrasted to the ICA definition, which clearly puts ‘persons’ at the heart of a cooperative enterprise. 
 
 Working in conjunction with their membership, the ICA offers [seven cooperative principles](https://www.ica.coop/en/cooperatives/cooperative-identity) as “guidelines by which cooperatives put their values into practice.”[^9] In the following sections, I note the principle, and then consider whether a prototypical DAO could in practice centre this principle in its work. Given the multitude of DAOs that exist, this article-as-a-thought exercise runs to generalizations; there are exceptions to every rule.
 
@@ -136,4 +136,4 @@ DAOs are still in their early days, and it is too soon to say whether or not the
 
 [^16]: Buterin, Vitalik. “Soulbound.” Vitalik.ca, January 26, 2022. https://vitalik.ca/general/2022/01/26/soulbound.html.
 
-[^12]: “Welcome to 1Hive.” Accessed June 28, 2022. https://wiki.1hive.org/.
+[^12]: “Welcome to 1Hive.” Accessed June 28, 2022. https://wiki.1hive.org/.