There Are No Decentralized Autonomous Organizations

There’s been a lot of talk about the idea of a DAO but the closest we come to a “real” DAO (a “Decentralized Autonomous Organization“) is actually the Bitcoin network itself. But — of course it’s not completely autonomous. It needs humans to run the nodes, the mining, the wallets (the inspectors) and the monitors etc.

First, let’s define what the dream of a real “Decentralized Autonomous Organization” isn’t.

It’s not a “smart contract”, not a script of any kind and not a “Dapp” (a “Decentralized App”). An “Organization” is something different(the word implies a collection of humans involved, by definition).

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