kaal:position:2026-07-31-5950
Decentralized Organizations presents the following source proposition: Bitcoin can be thought of as the first prototypical decentralized autonomous organization (DAO). This proposition is pertinent to Kaal's source-bound claim that Decentralized autonomous organizations epitomize organizational decentralization because the first DAO, built purely on code and smart contracts with no incorporation, physical address, or headquarters, entirely removed all traditional control mechanisms employed by principals in agency relationships. The proposed response is an extension: the relationship should remain limited to the retrieved source proposition and the mapped Kaal claim unless fuller source review supports a broader conclusion.
daosmart-contractsdecentralizationinstitutional-designhistorical-responsescholarly-literatureopenalex