The useful part the DAO idea is the trust-minimized smart treasury. Money pools & cash flows with a wide variety of possible dry-code rules. *Not* any sort of straightforward substitute for an organization.
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Something like this would have been more valuable if they'd tried it for something like small-scale hardware kickstarter type funding instead of skipping straight to the ICO (which to be honest I haven't really studied).
I'm talking about the general idea of "distributed autonomous organizations", not that specific monster.
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Yah, they should have started with some nice single celled algae instead of trying to go straight to Putting on the Ritz.
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