6. Don’t start out with a DAO. A lot of our internal governance/decisions or interactions between members is not what you usually see, and I think community governance is extremely inefficient and makes no sense for most products. I think DAOs only make sense for a few small categories of products.

USA:

- In the United States, several incorporated and unincorporated structures exist that provide liability protection. An entity is responsible for filing tax returns, paying tax, reporting the tax obligations of its members or submitting the necessary documentation to maintain tax-exempt status, as applicable. - Regulatory restrictions and dated ... See more

In summary, eight imagined qualities of decentralized autonomous organizations are autopoietic, alegal, superscalable, executable, permissionless, aligned, co-owned, and mnemonic. Drawn from observation, these qualities trace desires for interdependence growing in the cracks of legacy institutions, as well as the dubious inheritance of cybernetic d... See more