#DAOs are a way to work with like-minded folks around the globe.
They are a form of internet-native business that's collectively owned and managed by its members.
#Ethereum
1-n thread
They are a form of internet-native business that's collectively owned and managed by its members.
#Ethereum
1-n thread
They have built-in treasuries that no one has the authority to access without the approval of the group.
2-n
2-n
Decisions are governed by proposals and voting to ensure everyone in the organisation has a voice.
3-n
3-n
There's no CEO who can authorise spending based on their own whims and no chance of a dodgy CFO manipulating the books.
4-n
4-n
Everything is out in the open and the rules around spending are baked into the DAO via its code.
5-n
5-n
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