Decentralized unconstrained organizations have perceived most courtesy in new weeks given Ethereum launched a new Decentralized Autonomous Organization platform, featuring projects such as Slock.it and Digix, among others. Ethereum has selected to ignore a elephant in a room in a press releases: there’s another DAO. It’s Bitcoin, and it’s a biggest blockchain record around.
The First DAO
Bitcoin is positively an online origination community: an internet formed ecosystem of participants who minister – mostly in siege of any other – towards one singular settled plan or goal. Online origination communities emanate a strong cross-section of a Internet, and while a still phenomenon, they have built, and will continue to build, a Internet of a future.
Bitcoin, formed on a distributed custom that provides financial services formed on certain parameters, represents a distributed unconstrained organization. Jeff Garzik, early Bitcoin developer, calls Bitcoin a decentralized unconstrained organism.
While Ethereum has garnered courtesy for a DAO concept, it’s loyal that Bitcoin has existed in