bridge and can explore the ecosystem of dabs head to URL_TOKEN to get started today so let's just get straight into the meat of it what is a dao every film about dao's will do this they'll break it down it's a decentralized autonomous organization but what on earth does that mean well let's actually do the work and break it down the organization part that's important it is a vehicle for agent coordination and i say agent and not human because daos could control a fleet of driverless cars for instance they could simply turn up drive go home get paid and deliver whoever owns the car a payment all without anybody touching them all done by smart contract and that's the point of a dow it's decentralized there's no central leadership there is no hierarchy it's bottom-up everyone is equal and they're autonomous which means that they're governed by smart contracts there's more to it than that really when we come to the autonomous part and that's always the bit when we're talking about the dows that we have today they're not fully autonomous the way that we might have you know driverless car fleets for instance they are however governed by smart contracts and that's to say that the rules that govern how an organization is set up are hard coded into smart contracts which are very very difficult to change and in order to change them the whole community has to vote on them and normally that would be that would be done with a lot of scrutiny and a lot of thinking about what is the best thing to do because yeah you don't want to mess around with smart contracts and you want to make sure that when you set up a dell the smart contracts that you use are robust uh which you know we had the massive hack of cream yesterday again smart contracts are vulnerable uh from hackers who know exactly what they're doing and if you're talking about a dow that has a you know a massive treasury that could be deeply problematic so they're essentially a way for disparate entities to coordinate their activities in the service of a common goal and that's really kind of the academic version of it but there is course the meme version of this in reality hey cooper
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