1/9/90 in Crypto by @ttunguz
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Mar 3
Distributed autonomous organizations (DAOs) are one of the most vibrant areas of crypto. DAOs are groups of people with the right to vote to change how a crypto company operates. DAOs pop up for many different reasons: to form a social club that requires a token to join, to buy a copy of the Constitution, to manage open source software. Almost any group of people can organize a DAO to pursue a shared purpose. Anyone holding a voting token can vote, much like anyone who buys a share of voting ...
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