Quote from: DarkDays on July 16, 2021, 10:57:10 AM

Quote from: tbct_mt2 on July 15, 2021, 09:39:59 AM

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 miners are not sitting under one umbrella group/organization but purely backed by enthusistas around the globe, the running and maintenance of BTC is fully decentralized without an appointed group taking charge of mining, events etc, and thank God for that!!!

Quote from: hatshepsut93 on July 16, 2021, 11:25:39 PM

Bitcoin is Bitcoin, there's no need to call it other things, like "DAO" or "decentralized swarm of hornets". The original DAO was an epic fail, and to this day there are no really popular DAOs that are actually producing something. Bitcoin is first of all open source software, and there's nothing special about it, this paradigm existed decades before Bitcoin was invented.

Thanks Reply. Yes, DAO became popular in Ethereum, and what it wants to create is a decentralized community organization. Currently there is no very successful DAO on Ethereum. However, we cannot directly deny the meaning of the word DAO just because the overall DAO is unsuccessful. DAO is a new organizational form, which is fundamentally different from our current company. Therefore, I am here to say that the "Bitcoin community" is a "decentralized community organization", not that Bitcoin itself is a DAO. Because it does not have a unified center to coordinate, but functions in accordance with the established rules of the Bitcoin white paper.