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What is a DAC to you?

Started by fuzzy, April 21, 2015, 07:56:11 AM

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fuzzy

Quote from: Ben Mason on April 21, 2015, 01:32:29 PM
A DAC for me is a set of rules, governed by consensus, that sits upon a network and enables participants to communicate freely and securely with digital information.
Nice call.  I like it. 


Quote from: Ben Mason on April 21, 2015, 01:32:29 PM
DAN - Decentralized Autonomous Network.

What I hope will emerge is a monumentally positive change in how the sum of human interaction manifests on this planet.

A DAN....oh the irony!
WhaleShares==DKP; BitShares is our Community! 
ShareBits and WhaleShares = Love :D

speedy

Quote from: xeroc ¯\_(ツ)_/¯ on April 21, 2015, 08:01:41 AM
Middle-man Replacement -- instead of paying fees to a single middleman you may pay the fee to a decentralized system that gives them back to shareholders (potentially yourself) :)

+5%


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yellowecho

Quote from: Ben Mason on April 21, 2015, 01:32:29 PM
A DAC for me is a set of rules, governed by consensus, that sits upon a network and enables participants to communicate freely and securely with digital information.

DAN - Decentralized Autonomous Network.

What I hope will emerge is a monumentally positive change in how the sum of human interaction manifests on this planet.

This.  To me a DAC is a DAN with a specific purpose and it's that function that defines the C.  A DAN can have a business model whereby its goal is to reduce costs and generate revenue making it a DACompany.. or a DAN can have a model where its sole function is to reach proper consensus (like VOTE) and so long as its revenue covers costs it can survive autonomously making it a DACommunity (or DACountry).  The intent of the DAN defines the DAC.
696c6f766562726f776e696573

Ben Mason

A DAC for me is a set of rules, governed by consensus, that sits upon a network and enables participants to communicate freely and securely with digital information.

DAN - Decentralized Autonomous Network.

What I hope will emerge is a monumentally positive change in how the sum of human interaction manifests on this planet. 

luckybit

#3
Quote from: fuzzy on April 21, 2015, 07:56:11 AM
Please consider giving your own definition and why you lean in that direction.  Some may think of it as a Decentralized Autonomous Company...others a DACommunity or DACollective.  Maybe even a DACountry? 

Just as importantly, remember to say why.
Complex adaptive system.







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xeroc

Middle-man Replacement -- instead of paying fees to a single middleman you may pay the fee to a decentralized system that gives them back to shareholders (potentially yourself) :)

fuzzy

Please consider giving your own definition and why you lean in that direction.  Some may think of it as a Decentralized Autonomous Company...others a DACommunity or DACollective.  Maybe even a DACountry? 

Just as importantly, remember to say why.

WhaleShares==DKP; BitShares is our Community! 
ShareBits and WhaleShares = Love :D