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This premise of a DAO is that votes are the only thing that ultimately matter, which can make things simpler. Something gets presented as a course of action, a
by cdumler 4y ago
This premise of a DAO is that votes are the only thing that ultimately matter, which can make things simpler. Something gets presented as a course of action, a vote happens, and the if enough votes qualify you make the action. In a crypto DAO, this voting is implemented in the blockchain's software rules as a contract; thus, it is completely automated. Sometimes, to the dismay of the users. But, there is nothing requiring you to do this in software. It just means they want, in theory, that you'll somehow be able to have a vote without being required to be known or involved directly.
- JW_00000 4y agoIf the DAO isn't implemented in software using smart contracts, then what is the difference with a "traditional" foundation like e.g. Debian or Python have?