The more I look into DAOs, the more they look like companies that are: 1) registered on a global level instead of a local or national level 2) skirt US securi

The more I look into DAOs, the more they look like companies that are: 1) registered on a global level instead of a local or national level 2) skirt US securities laws by allowing anyone to buy and sell ownership, whereas companies normally restrict that to accredited investors, unless they register with the SEC 3) often have a more democratic ethos of governance, although many seem to be based on one token = one vote, which sounds almost identical to how companies operate with one stock = one vote. So, the main thing that I think they do that is quite different is giving people the ability to register a company on a global level, as there isn't a governmental way to do that right now. Other than that, what they seem to offer is a way to organize and collect money that goes around financial and securities laws.