A decentralized autonomous organization (DAO), is an organization represented by rules encoded as a computer program that is transparent, controlled by the DAO members, without central authority like a CEO or a central government. All of a DAO's actions, including rules of how the DAO works, votes, or financial records, are maintained on a blockchain, which guarantees that everyone knows the TRUTH all the time.
The most famous DAO is Bitcoin, which has proven, over it’s 11 year existence, that a DAO can not only exist, it can prosper and provide opportunities to organize humanity in ways never before possible. Without a central authority who is always solving for themselves. Always shading the truth. Always changing the rules. Often being rewarded for malicious behavior. We believe DAOs will emerge in the coming years as the most efficient and equitable way to organize human endeavours.
Greg has agreed to have all his actions as a U.S. representative to be governed by a DAO, who’s members will include any of his constituents who want to participate. This historic action not only ensures that the views of the community are heard and influence policy, it guarantees that the views of the community will BE the policies pursued.
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