Re:ConstitutionDAO
by arcticbull on Wednesday November 17, 2021 @06:34PM
(#29260309)
> 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?
Re:ConstitutionDAO
by awestrom on Wednesday November 17, 2021 @08:54PM
(#29261206)
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.
Aren't these votes broadly speaking non-binding?
Is this really any different than an LLC that runs a periodic twitter poll?