DAOs ARE BROKEN, here's why
Easy DAO definition In simple terms, DAOs are how humans come together to make decisions in the digital world. They do so with the help of two key tools. Firstly, the rules that govern the organization are expressed as a series of digital “IF/THEN” statements, that are coded directly into a blockchain, thus rendering them both auditable and permanent. Secondly, voting shares are issued to stakeholders in the form of “digital governance tokens” - also recorded on the blockchain. Doing things t...
DAOs ARE BROKEN, here's why
Easy DAO definition In simple terms, DAOs are how humans come together to make decisions in the digital world. They do so with the help of two key tools. Firstly, the rules that govern the organization are expressed as a series of digital “IF/THEN” statements, that are coded directly into a blockchain, thus rendering them both auditable and permanent. Secondly, voting shares are issued to stakeholders in the form of “digital governance tokens” - also recorded on the blockchain. Doing things t...
