True Meaning of DAOs  -  Bitcoin as Businessby@futuristiclawyer
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True Meaning of DAOs  -  Bitcoin as Business

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Bitcoin is not just a blockchain but a DAO that evolves along with the user’s needs in an ever-changing world. Bitcoin is governed by a headless management consisting of miners that expend large amounts of computing power to keep the network alive and well. Bitcoin would never have survived past its fragile infancy if it wasn’t for a strong community of devoted developers that worked tirelessly on a volunteer basis to make the project succeed. In late 2010, the scandal-stricken whistleblower website Wikileaks was considering using Bitcoin as means of funding after the US government had forced companies like Visa, Mastercard, and Paypal to blockade the organization.

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