This note is a part of my Zettelkasten. What is below might not be complete or accurate. It is also likely to change often.

23rd July, 2020

DAO

aka Distributed Autonomous Organization

Why DAOs?

Mistakes by managers is one of the limiting costs of traditional Corporations.
Flaws of Central Planning effect large corporations too
Cannot leverage the wisdom of the crowd - the people who really understand the ground reality
Lots of beaurocratic overhead is another limiting costs of traditional corporation

What is a company?

Contacts/Bylaws
Employees and other objects interact with these contracts and bylaws
Enforcement of bylaws
Manage money

Features

Runs only as code
Decentalized
Autonomous
Hosted on the Ethereum blockchain
Uses Smart Contract

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