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by leppr
1325 days ago
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The term DAO as it's used now is orthogonal to blockchain and crypto. It's mostly a term to describe codified governance/community systems. There may be point systems implemented via crypto tokens, but in the vast majority of cases those would be better implemented on centralized ledgers since there's someone with centralized control over either the token issuance, the communication channels, or other essential resources. If they were developed now, Stack Overflow and Wikipedia would be considered DAOs. |
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I'm unable to find an actual example of anything calling itself a DAO which doesn't also play with cryptocurrency tokens, so I'm pretty sure the term isn't used outside of that fanbase.