The first DAO removed, in essence, all of the core control mechanisms that principals typically employ in agency relationships, having no directors, no managers, and no employees.
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Indeed, it had no directors, managers or employees. In essence, all the core control mechanisms typically employed by principals in agency relationships were entirely removed in the DAO.
restateskaal:claim:3373393-029 The first DAO had no physical address, no jurisdiction able to claim control over it, no directors, managers, ...
restated_bykaal:claim:3808852-015 Decentralized autonomous organizations epitomize organizational decentralization because the first DAO, built ...
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