What Is A DAO? | Blockchain Central

This week on #BlockchainCentral: We look at the DAO: Decentralized Autonomous Organization. What is a DAO?

Popular currencies such as #Ethereum and #Dash are currently using a #DAO, so what are their benefits, downsides and security issues? Join us in this video on decentralized autonomous organizations to learn about one of the most power blockchain applications available.

_____

'Blockchain Central' is your #1 trusted source for everything crypto. Our host Blu will guide you through weekly news about the political, legal and financial sides of crypto currencies like Bitcoin and Ethereum as well as recent developments in Blockchain technology, Initial Coin Offerings (ICOs), Initial Exchange Offerings (IEOs), Security Token Offerings (STOs) and new coins/tokens.

This content does neither represent financial, legal or tax advice, nor is it supposed to be understood or interpreted as solicitation to buy or sell any securities, coins or tokens!

[rasmart]

This video should get more viewers... Really simplifying the whole comprehension procedure

[tdreamgmail]

This is the best DAO video on YouTube. I think he made it already. Good Luck mate.

[Finxflo]

This is an amazing video, really enjoyed how simple you make it to understand, keep up the great work!!

[kelkilkat]

You are really good at explaining and getting information across to the viewer

[calccalccalc]

Guys, DAOs are not necessarily automated.
The "A" in DAO is for Autonomous, which means independent. I made this mistake at first.

[thabanimaulets]

Man keep on making these videos!!! Love from Africa.

[usefulhappybros]

If its all autonomous, who triggers voting? What to vote or what needs to be decided? And who manage the and make the changes to the organization.

[oleksandraabramova]

Thanks a lot for this video!!! Well explained!!!

[tentimetex]

right now you can get wealthy and improve your standing in life by starting a company, most of the capital is yours, you own all or the majority of equity and that increases your wealth. You can sell that equity if you choose. And you can be the CEO (or not). How is this supposed to work with a DAO? how is wealth created? why would people give that up?

[Rabbitunderground]

Excellent explanation. Where can I find a list of current DAOs? Anyone know?

[DrCureAging]

I instantly thought you were Eddie Murphy teaching Readying Rainbow the moment I clicked.

[cesindmat]

Good video, however, Dash although it is a great project was not the first DAO. The first DAO ever is Bitcoin

[scottfarris]

I don’t think it was a good move for etherum to modify their ledger for this hack. Kind of goes against the the purpose of decentralized currency.