DAO Primitives
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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).