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This is correct. When the Decentralized Autonomous Organization/Corporation is a term that has undergone quite a few changes, and Ethereum projects definitely u
by tinkerrr 10y ago
This is correct. When the Decentralized Autonomous Organization/Corporation is a term that has undergone quite a few changes, and Ethereum projects definitely use it very loosely. As you pointed out, not much is autonomous at all. The DAO in this case appoints one company per project who is responsible for the entire project and its management. They are free to be as competent or incompetent, until voted out.