Post
Topic
Board Bitcoin Discussion
Re: Is the Bitcoin community a DAO?
by
DarkDays
on 16/07/2021, 10:57:10 UTC
Upgrades for Bitcoin need to get consensus from miners on the network. The last vote for Taproot to lock in is an example: https://taproot.watch/
Miners have to signal their support and help to lock in Taproot. It is a decentralized consensus but satoshi does not call it as DAO.
To my understanding, no BTC is not a Decentralized Autonomous Organization (DAO) because the network is maintained by miners from around the world and it's the consensus among codes on their computers that leads to building a new block on the blockchain.

Because these sets of minders are not sitting under one umbrella group/organization the running and maintenance of BTC is fully decentralized without an appointing group taking charge of mining events etc, and thank God for that!!!