DAO’s existed before (guilds, labor unions). They can do certain things very well but some decisions are hard to make, like competition with another entity, coordination of action beyond initial purposes of the organization

Decentralized Autonomous Organizations (DAOs) have no hierarchical system for resource distribution; the focus is on the decision making of the collective

In summary, eight imagined qualities of decentralized autonomous organizations are autopoietic, alegal, superscalable, executable, permissionless, aligned, co-owned, and mnemonic. Drawn from observation, these qualities trace desires for interdependence growing in the cracks of legacy institutions, as well as the dubious inheritance of cybernetic... See more

Does the DAO need a mechanism that is decentralized, or is some centralization compatible with your incentives? There are excellent tools when you need incentives to be decentralized, and excellent tools when you can accept a more centralized approach. The answer for a well established DAO is likely to be different from a new one, as are the... See more