Too Long; Didn't Read
It’s about time the <a href="https://hackernoon.com/tagged/blockchain" target="_blank">blockchain</a> and cryptocurrency community takes a stand against impractical applications. Everyone can’t seem to stop talking about governance, especially the elusive, “<a href="https://blockchainhub.net/dao-decentralized-autonomous-organization/" target="_blank">decentralized autonomous organization</a>”, or DAO. In the <em>purest</em> DAO, anyone with internet access and capital can participate. Participation is pseudo-anonymous like the <a href="https://hackernoon.com/tagged/bitcoin" target="_blank">Bitcoin</a> network. The <a href="https://www.coindesk.com/information/what-is-a-dao-ethereum/" target="_blank">first attempt at a DAO was hacked</a>. If Bitcoin network governance serves any indication, a <em>pure</em> DAO hoping to handle anything meaningful beyond a distributed ledger has a bumpy road ahead.