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I would have thought they all requires trustees. The point is not so much ownership per-se, but about who is legally authorised to make decisions. I spent some

• ThePhysicist 9y ago
  In my (possibly naive) view, the board members of a foundation are just the executive branch of that foundation and are obliged to act according to its statutes. A good example might be the "Nobel Foundation" (https://www.nobelprize.org/nobel_organizations/nobelfoundation/ https://www.nobelprize.org/nobel_organizations/nobelfoundati...): It was founded in 1900,has outlived its creator(s) by a large margin, has been steered and managed by several generations of board members and continues to fulfill its mission. For me, this IS an autonomous organization in the sense that it is autonomously steered by the "smart contract" that are the statutes of the foundation and that no one except the government of Sweden would be able to dissolve it (and even they would first need to introduce changes in law to do so legally). You can of course argue that a DAO on the blockchain is not subject to the law of any state, but on the other hand a pure blockchain organization would probably not be very useful if it doesn't have any embodiments in the form of a legal organization that can operate within the law of a given country (there still could be cases where a purely virtual organization could create value by e.g. providing a commodity like Bitcoin).