kaal:claim:3782192-037

The autonomous element of a DAO comes from its governance system being programmed through smart contracts, which makes a DAO ultimately democratic rather than relying on a benevolent dictator to correct course during black swan events.

Source quote, verbatim

The autonomous aspect of a DAO stems from its programmed governance system through smart contracts. A DAO is ultimately democratic, instead of having a benev- olent dictator behind the scenes to efficiently correct course during black swan events.

From

Craig Calcaterra, Wulf A. Kaal, Introduction to Decentralization (2021), Future, p. 10
https://ssrn.com/abstract=3782192 · source PDF

Cite as

Craig Calcaterra, Wulf A. Kaal, Introduction to Decentralization (2021). SSRN: https://ssrn.com/abstract=3782192

Holds when

decentralized autonomous organizations governed by smart contracts

Classification

definitionalsupport: asserteddaosmart-contractsgovernance-design

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