DASH – The First Decentralized Autonomous Organization?

DASH has released a decentralized voting and fund allocation mechanism that could bypass the internal tensions of Bitcoin and its dramatic block size debate.

Who will decide?

A great deal of attention has been going to Bitcoin’s blocksize debate, which includes fundamental aspects of how Core Development is funded, distributed, and by whom. While Bitcoin is going through the computer science equivalent of group therapy, DASH, the fifth largest cryptocurrency by market cap, has released a Decentralized Governance by Blockchain System while taking notes from Bitcoin’s internal turmoil, in an attempt to completely bypass it.

A few of the problems with decentralized and open source projects are development planning, funding and fund management. Mike Hearn and Gavin Andresen have argued that Bitcoin needs a benevolent dictator, a notion that enough people have recoiled from as evidenced by the low popularity of Bitcoin XT.

The notion nevertheless highlights the need for a swift and reliable decision making process. Consensus is great for many things, but fast decision making is not usually one of them.

The most common approach to this problem is the creation of not-for-profit foundations tasked with maintaining the core protocol and promoting the project at

Read more ... source: Cointelegraph