3 ms·

DAO: https://en.wikipedia.org/wiki/Decentralized_autonomous_organization https://en.wikipedia.org/wiki/Decentralized_autonomous_organ...

• f38zf5vdt 6y ago
  So if I'm reading this right... the participants of the DAO can band together and sell their company to a company as well? It looks like a DAO just requires some kind of cryptocurrency to participate, and then the participants get control over the operations of the DAO. So ownership is transferable at any time by these parties.
  • techntoke 6y ago
    It would have to be built into the DAO smart contract. You could make a smart contract where it can't be sold.
• floatboth 6y ago
  That definitely cannot be acquired. No sane business would want to convert actual money into fun bucks and put those into a buggy script that would lock everyone out if someone pwns it.
  • elwell 6y ago
    > convert actual money into fun bucks What is more 'fun'? USD in bank account, USD as cash, DAO, or gold? I would think those are monotonically decreasing in 'fun'-ness. "Actual" money is not a good word for printable items of arbitrary scarcity. Not arguing for or against GP, just saying.