How DAOs Can Replace Corporations and Traditional Governments
A glimpse of your automated decentralized future...
How DAOs Can Replace Corporations and Traditional Governments
http://llsourcell.svbtle.com/how-daos-can-replace-corporations-and-traditional-governments
What is a DAO?
https://en.wikipedia.org/wiki/Decentralized_Autonomous_Organization
A Decentralized Autonomous Organization (often abbreviated "DAO"; sometimes referred to as a Fully Automated Business Entity or Distributed Autonomous Corporation/Distributed Autonomous Company, often abbreviated "FAB" or "DAC"
is a decentralized network of narrow-AI autonomous agents which perform an output-maximizing production function and which divides its labor into computationally intractable tasks (which it incentivizes humans to do) and tasks which it performs itself.[1][2] It can be thought of as a corporation run without any human involvement under the control of an incorruptible set of business rules. These rules are typically implemented as publicly auditable open-source software distributed across the computers of their stakeholders. A human becomes a stakeholder by buying stock in the company or being paid in that stock to provide services for the company. This stock may entitle its owner to a share of the profits of the DAO, participation in its growth, and/or a say in how it is run.
