Issue #33: DAOs...company or community?

The second takeaway is the same technology mechanisms allow you to operate all of the above. Smart contracts and tokens will be the default structure for any group-coordinated effort online, especially if the participants don’t trust each other.

The first takeaway here is DAOs are a mechanism for organizing a group of individuals for a particular purpose. That purpose may be commercial, civic, social, philanthropic, or other.

Tokenholders is the most inclusive category of participation. Other than holding the DAO’s token, the individual can remain entirely passive. Being a passive tokenholder in a DAO is equivalent to being a passive homeowner in a local community. You are making a financial investment in the community, but you aren’t spending time building or improving... See more

DAO + product/service = business

Company + product/service = business