What’s a DAO? As far as I can tell it’s a kind of organisational model where the rules and governance of that community/organisation are encoded into code running on a blockchain.
I feel somewhat uncomfortable about a future in which there are rules which literally can not be broken. – Alleviating the human problem of broken trust, by eliminating trust itself.
You don’t really eliminate trust you just shift it from humans to code and having rules that can’t be broken gives you assurances that no one can alter the rules the code for the contracts are open source so if you look at it and feel you don’t like them you can always choose not to use it.
What’s a DAO? As far as I can tell it’s a kind of organisational model where the rules and governance of that community/organisation are encoded into code running on a blockchain.
I feel somewhat uncomfortable about a future in which there are rules which literally can not be broken. – Alleviating the human problem of broken trust, by eliminating trust itself.
You don’t really eliminate trust you just shift it from humans to code and having rules that can’t be broken gives you assurances that no one can alter the rules the code for the contracts are open source so if you look at it and feel you don’t like them you can always choose not to use it.