Imprint / Declaration on the DAO
The SUREINVESTPOOL is a DAO (Decentralised Autonomous Organisation)
What is a DAO?
The term DAO stands for Decentralised Autonomous Organisation and is playing an increasingly important role in the world of blockchain and cryptocurrencies. In contrast to classic organisations, no central person or group determines a DAO. Decisions are made by all members of the organisation, who are also investors. In addition, one offers attackers from the outside a significantly smaller attack surface, which is primarily effective against state organisations.
A DAO can practically act as a company, but has no central management.
The twentieth century saw some developments that led to increasing centralisation.
Fiat money (such as the euro / US dollar) was detached from its deposit and is therefore only paper money with a purely fictitious value. Previously, backing with gold or other physical materials provided the necessary scarcity.
Governments and banks are therefore able to manipulate currencies according to their political will, thus destroying the monetary wealth of users.
On top of that, the pay envelope has been abolished and replaced with digital bank transfers. Fiat money in its digital variant is easy to monitor and wrest from its true owner.
The solution to this problem is cryptocurrencies. A DAO uses this as a basis to create businesses that are less restrictive to owners and customers alike. Further centralisation has taken place on the internet. Platforms like Facebook and YouTube were considered a haven of freedom a few years ago, but are now heavily regulated and censored.
A DAO wants to eradicate this centralisation and prevent the censorship that goes with it.
It is very easy to get involved in a DAO.
The traditional equivalent is buying shares, which involves many more barriers and cannot be done anonymously.
In short, a DAO aims to offer more freedom to users and owners.
This happens primarily by dispensing with a central figure. Just like any other organisation, a DAO is dependent on people.
However, since a DAO wants to have many shareholders who all function as sub-organisers, the departure of individuals from the project is not serious.
The DAO continues to function. Even without funding, the DAO continues to function at least with the state it has developed so far.
Centralised organisations are not in favour of restricting freedoms in every case.
Nevertheless, it can happen that state organisations force a centralised company to impose such restrictions. A DAO cannot be forced to impose restrictions.
The DAO is an invention that can have a lasting impact on the future and lead to a freer, less restricted world. Currently, there are DAO Operating Systems, Protocol DAOs, Service DAOs and also Investment DAOs on the market.
The wishful thinking of eliminating human vulnerabilities does not completely succeed. Reliance on individuals continues to be necessary.
However, everyday transactions can be effectively automated, thereby preventing excessive censorship. An investment in a DAO is free and accessible to everyone.
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