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The DAO Hub is now live

• th0br0 10y ago
  So many buzzwords. What is a DAO?
  • extra88 10y ago
    Eventually I found on the page "decentralized autonomous organization." Cryptocurrency seems important somehow ¯\_(ツ)_/¯
    • cjbprime 10y ago
      A business whose by-laws are encoded in an algorithm that runs autonomously, and is published. I think the algorithm says that people can submit proposals (i.e. "send X money to Y") and they'll be voted on by all members, and if the vote passes then the algorithm itself performs the action. There's no-one in charge outside of the emergent behavior of the member votes.