Authors: Colin Forward, Vikram Dhillon
It is safe to say that “DAOism” is well on its way to becoming a quasi-cyber-religion.
—Vitalik Buterin1
In Chapter 5, we discussed the concept of decentralized organizations and the modus operandi of a DAO. Here, we want to highlight a historic moment leading to the creation of the first DAO, and how it eventually got hacked. Our discussion begins with a fresh perspective on decentralized organizations from Buterin, and leads into the story of ...