Thank you for this thread. I’ve been wondering…
Discussion
So can you post an example of a true DAO for me please?
Bitcoin
I would agree that bitcoin can be viewed as a type of DAO đź§
There is only one DAO.
Si?
I guess that depends how you define it. I know many bitcoiners with different opinions. 🤷🏻‍♀️ I’m a proponent of using words for communication, so that means listening to what other people mean too. 🤔 Here’s some more food for thought:
It might be more accurate to say you are a proponent of using acronyms for communication, otherwise you might have spelled out the words decentralized autonomous and organization.
So you’re stressing autonomous that the “members” or “participant” have little say on the organizing aspect except as swarm. Others seek to organize in an autonomous space that is horizontal. The CDC case you mentioned frowned on this organizing principle as organizations are defined with members that carry responsibility for their investments. The swarm organizing principle of Bitcoin is comprised of autonomous individuals more in line with market dynamics. I see a problem in using organization as a noun in this case.
Swarm dynamics would be decentralized autonomous organizing.
I suppose then DAO as organized entity rather than self-organizing entity still has some conceptual and legal work to do to come in line with current corporate, commerce and contract law.
It’s nice to see this divergence of principles innovating commerce and corporate entities in different ways.
Exciting times.