While encompassing traditional for-profit models as well, the earlier term DAC (decentralized autonomous company) was also used to imagine a natural system that is conceived of as self-governing within a humanist framework. Linked to the eleventh century “deodand” legal entity, a physical object that has been granted personhood in order to be litig... See more
-DAO tooling is all about making it easier for humans to collaborate online. Human Resources traditionally exists to have tough conversations with employees. Zach is hoping this gets decentralized and we can create tools where we aren't looking for arbiters.
Based on Vitalik Buterin’s DAOs, DACs, DAs and More: An Incomplete Terminology Guide from 2014, a DAO could be described then as a capitalized organization in which a software protocol informs its operation, placing automation at its center and humans at its edges. For example, a software protocol could specify the conditions upon which an organiza... See more