In certain corners of the crypto community, ‘Decentralized Autonomous Companies’ (DACs), or ‘Distributed Autonomous Organisations’ (DAOs) are all the rage. In the same way that Bitcoin is decentralizing money, DACs seem to offer the potential to decentralize the entire world of business, commerce, finance, and the economy. They are businesses that can potentially be owned and run by their customers and their ‘employees’, with no single owner, and, like Bitcoin, no central authority to […]
