The DAO Hub is now live

extra88 wrote: post #3

th0br0 wrote: post #2

So many buzzwords. What is a DAO?

Eventually I found on the page "decentralized autonomous organization." Cryptocurrency seems important somehow ¯\_(ツ)_/¯

A business whose by-laws are encoded in an algorithm that runs autonomously, and is published. I think the algorithm says that people can submit proposals (i.e. "send X money to Y") and they'll be voted on by all members, and if the vote passes then the algorithm itself performs the action. There's no-one in charge outside of the emergent behavior of the member votes.