Is it just me, or is this the same type of jibberish that I've heard that promotes ETH... So in a sense, DAO is a smart contract wallet inside a smart contract that is funded by smart contract tokens... Did I get that right?
Just think of it as a big multisig wallet where people pool a bunch of money and then vote on how to spend it. The rest of the gibberish is obfuscation.
Now imagine a giant group of people whose main attraction to pooling their money was to form a decentralized pump and dump, realizing they have to sell at the top or be forced to collectivize and work on a product together with none of the relevant skills and compete against people like Intel.