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by arcticbull 1676 days ago
> DAOs are special because the voting mechanism lets people vote across boarders/jurisdictions etc from their computer... but it also relies on the creators giving the right level of control to the DAO voting.

Aren't these votes broadly speaking non-binding?

Is this really any different than an LLC that runs a periodic twitter poll?

1 comments

Yes, one major difference between DAOs and LLCs is that DAOs exist in a nebulous legal space and might technically be general partnerships. Members of a DAO have potentially unlimited liability if it gets sued.
if they can be found.