Bitcoin Forum

Some time ago I took part in a dispute about feasibility of decentralized autonomous organizations/corporations. Is there a really working DAO/DAC somewhere? Autonomous is the key word here.

The first DAC is Bitcoin itself. There's plenty and BIP32 technology which include multi-sign is making funds management way better.

I meant http://en.wikipedia.org/wiki/Decentralized_Autonomous_Organization.

Wait a few days and you will see ethereum  ::), and after 1 week a fork and a lot of another sidechains work more better then 'ethereum'. I can suggest you to check oraclize (work on the bitcoin blockchain). Link : https://oraclized:oraclized@www.oraclize.it  (Still in beta).

I don't think one exists.

You could probably do a simple one to do basic things (payments on a savings account?). But to be truly autonomous, it would need to be intelligent right? So AI/Machine learning need to be built (Skynet)

Ethereum is not a DAC. It's a platform for DACs.

I would like to see some kind of ideas of how would one DAO/DAC exist.

The same.

https://blog.ethereum.org/2015/03/20/ethereum-builders-experiment/

?

Does a successful computer virus count ?

Wouldnt it be possible to make a CloudStorage DAO with software from Storj or others.

People offer Storage get paid.
People use Storage have to pay for it.

Of course there will occur problems when implementing but the idea is simple...

Maybe, but the question is about a working solution, not a hypothetical one.

So we should wait the platform and after we can start to think about DACs.


No at the moment doesn't exist a really and functionally DAC, we are still in an "experiment".

Religions like muslim or christianity can be considered as a DAC .
I don't think Ethereum is a working example , it's more like an idea .   Decentralized apps based on ethereum platform ?  Lol ...

Would a decentralized exchange like Coinffeine fit the criteria/definition of a DAO entity?c

No I don't think. The definition of DAO:  A Decentralized Autonomous Organization (often abbreviated "DAO"; sometimes referred to as a Fully Automated Business Entity or Distributed Autonomous Corporation/Distributed Autonomous Company, often abbreviated "FAB" or "DAC") is a decentralized network of narrow-AI autonomous agents which perform an output-maximizing production function and which divides its labor into computationally intractable tasks (which it incentivizes humans to do) and tasks which it performs itself.

I have never seen a fully functional DAO.

Tim Swanson seems to know something about DAOs https://twitter.com/ofnumbers/status/579794848179326976

More details would be great. Anyone?

Putting up 0.10BTC bounty* for some good and relevant info about this.

*(minus miner fees)

Check my sig we are starting with the alpha very soon :)

DAC's/DAO's are the future just think about the singularity!

btw. What was the ooutcome of your discussion? Mind to share?

My opinion remained the same: It's infeasible to create a full autonomous entity, the creator has to predict all possible situations or create an AI.

Whoop! My understanding isn't behind the curve for once  :D

I see what you mean, but i think it depends on the working area/goal of the DAC/DAO.
Depending on what it does there could be only very limited possibilities of what can happen.
You could then use a bottom-up design to merge alot of "small" DAC/DAO to a big one without setting a new complexity record or atleast saving some?

An organization supposes there's an organizer at the head!

If there is a trapdoor to merge existing DAC with something else, then it can be used to hack and break everything.

Are you planning for Jinn to have some element of AI? Or maybe emergent AI is a by-product of how it works?

Yes.

Will it need Fact Digitization?

Not really, an organization supposes there are organized things... technology is doing pretty weird things these days, the idea of decentralized banking was nonsense a decade ago. DAC might have sense in the future.

No.

Does it use its own equivalent of Fact Digitization?

It's not related to decentralized decision making.

What about the Bitshares guys? I'm not following them but they promised loads of DACs a year ago.

A DAO is a synonym for strong AI, and strong AI has missed its ship date by about 30 years.