What Exactly Is the DAO Which Shook the World? Part 1: Benefits
DAO is a new concept which has grabbed imagination, raising a record-breaking $150 million. What can it do? What can’t it do? While the world is just learning about the blockchain and barely getting their heads around Bitcoin or Ethereum, a new concept has grabbed imagination, raising almost $150 million, and shattering all records: The DAO. Unlike corporations or companies, the DAO has no CEO, no directors, no board, no employees and no shareholders. It is literally just a few lines of open source code. That code, however, allows it to hold money, with no human involvement or control, in....
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It seems that it’s becoming a trend for politicians to espouse the benefits of bitcoin — and that's not a bad thing!