Comment by paxys

Correct me if I'm not understanding this DAO "revolution" correctly:

- A group of people pool some money together.

- The money is used to buy assets/fund projects.

- Members vote on spending, governance etc., with their vote being proportional to their investment.

- They can raise money by issuing more "tokens" for new investors.

- Existing members can sell their tokens to someone else.

Like, congrats crypto community, you just invented a...public company?