10/03/2021
The Decentralized Autonomous Organization is a venture capital firm. Its purpose is to choose new ideas and businesses to invest in. When you invest in it, you get votes on what the money should be invested in. Coming from Emin Gün Sirer, a Cornell researcher in self-organizing systems like cryptocurrencies, “The question is: Will it be up to s***f? Will it uphold that dream?"
https://www.wired.com/2016/06/biggest-crowdfunding-project-ever-dao-mess/