* Our Parent Company Crypto Token is LIVE!!! *Flag Token

Are blockchain-based DAOs really a utopian revolution in the making? | John Naughton

Date:

Share post:

In 2003, a guy called Benjamin Hoff, who was then employed as a tree-pruner in the Portland Japanese Garden in Oregon, published a charming little book, The Tao of Pooh, in which he argued that AA Milne’s bear had ways of doing things that appeared to echo some of the principles of Taoism, the ancient Chinese philosophy. Taoism teaches the various disciplines for achieving perfection through self-reflection, and one of its central concepts is that of pu – the idea that you should always be open to, but unburdened by, experience.

The Tao of Pooh was a runaway success, spending 49 weeks on the New York Times’s bestseller list. This has given this newspaper columnist, whose occupation is even humbler than that of tree-pruner, an idea for a new, timely bestseller, the title of which – The Dao of Blockchain – neatly embodies two buzzwords for the price of one.

Let me explain. A DAO is a Decentralised Autonomous Organisation, defined by Wikipedia as “an organisation represented by rules encoded as a computer program that is transparent, controlled by the organisation members…

Read more…

Related articles

How to Become a Blockchain Developer

It’s been a rough year for cryptocurrencies, with the collapse of crypto-centric companies like FTX forcing coin prices...

Bitcoin UTXOs Older Than 5 Years Surged During Bear Market

UTXO or unspent transaction output is the amount of bitcoin someone is left with after executing a transaction. Read...

DailyPay Announces $260 Million in New Funding

DailyPay announced it has secured $260 million of capital to fuel growth domestically, expand internationally and further invest...

India Keeps Restrictive Crypto Tax Rules in 2023 Budget

India has kept its restrictive crypto tax rules unchanged in 2023. In fact, Finance Minister Nirmala Sitharaman did...