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Here we analyze the abstract building blocks of a [[DAO]]. ==Fundamental Considerations== *Individuals are creative, and have goals and needs *Individuals can choose to coordinate their actions **This can be considered a social phenomenon **These actions and reactions aggregate into group behavior *Group behaviors have effects **Individuals within the group **The group considered as a whole **Outside the group We desire to build a system with the following properties: *The system accrues benefit to its users, both internal and public *The behavior of the system can be steered by the collective will of participants We call such a system a Self-Governing DAO (Decentralized Autonomous Organization).
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