Mark Mason
Well-known member
The DAO Might Be Unstoppable... and I'm Terrified
Dash may very well be the first decentralized autonomous organization, or DAO. Instead of other decentralized currencies (including some that have a centralized company or organization behind them), Dash has a loose governance structure and self-funding mechanism: 45% of new coins created goes to miners, 45% goes to masternodes (who invest a considerable chunk of change in the network and therefore get to vote), and 10% goes to the treasury, the self-funding mechanism for the network. This unique system means that Dash is a living, breathing ecosystem that keeps working without any outside help.
This is truly an amazing advancement in how humans organize projects, however we should do our best to wrap our heads around all possible implications. The DAO may very well be unstoppable, and that could mean any number of things for humanity.
Read more: https://www.dashforcenews.com/dao-might-unstoppable-im-terrified/
Dash may very well be the first decentralized autonomous organization, or DAO. Instead of other decentralized currencies (including some that have a centralized company or organization behind them), Dash has a loose governance structure and self-funding mechanism: 45% of new coins created goes to miners, 45% goes to masternodes (who invest a considerable chunk of change in the network and therefore get to vote), and 10% goes to the treasury, the self-funding mechanism for the network. This unique system means that Dash is a living, breathing ecosystem that keeps working without any outside help.
This is truly an amazing advancement in how humans organize projects, however we should do our best to wrap our heads around all possible implications. The DAO may very well be unstoppable, and that could mean any number of things for humanity.
Read more: https://www.dashforcenews.com/dao-might-unstoppable-im-terrified/