Principles of Web3 and the Role of DAOs BBLC Practice Questions (Page 6)

Questions 26–30

1. 26application · medium

   A social media platform wants to give users control over their content and allow them to monetize it directly without the platform taking a cut. They also want to ensure that content moderation decisions are made by the community rather than a central authority. Which Web3-based model should they adopt?

   • AStore content on a decentralized storage network, issue NFTs for content ownership, and use a DAO for moderation policies.
   • BUse a centralized database but allow users to export their data as JSON files.
   • CKeep content on the platform's servers and let the platform's moderation team set all policies.
   • DCreate a token that users earn for posting, but keep moderation decisions with the platform.
   Reveal Solution Discussion Select an answer first
2. 27application · medium

   A DAO manages a venture fund that invests in early-stage startups. The DAO wants to ensure that investment decisions are made by the community, but also needs to move quickly when a time-sensitive deal arises. Which governance approach balances community input with operational speed?

   • ARequire a full community vote for every investment decision, even time-sensitive ones.
   • BUse a bot that automatically invests in any startup that meets a simple algorithm.
   • CUse a two-tier governance model where the community votes on investment criteria and a small elected committee executes deals within those criteria.
   • DLet the founding team make all investment decisions without community input.
   Reveal Solution Discussion Select an answer first
4. 28application · medium

   A startup is building a decentralized file-storage application where users pay per gigabyte stored. The founders want users to control their own encryption keys and to be able to migrate their data to another provider without losing access. Which Web3 principle is the team primarily applying?

   • ADecentralization of infrastructure across multiple nodes
   • BInteroperability between different blockchain networks
   • CUser ownership of data and assets
   • DTrustless interactions through cryptographic verification
   Reveal Solution Discussion Select an answer first
5. 29foundation · easy

   Which characteristic is typical of a DAO's governance model?

   • ADecisions are made by a board of directors elected annually.
   • BRules are encoded in smart contracts and changes require member voting.
   • CA CEO has final authority over all major decisions.
   • DGovernance is determined by a single founding entity.
   Reveal Solution Discussion Select an answer first
6. 30foundation · easy

   In Web3, what does 'trustless interaction' primarily mean?

   • AParticipants can transact without needing to trust a central counterparty because outcomes are enforced by code and consensus.
   • BParticipants must know and trust each other before transacting.
   • CParticipants must sign legal agreements to ensure compliance.
   • DParticipants rely on a central authority to guarantee fairness.
   Reveal Solution Discussion Select an answer first