Quote from: Wind_FURY on August 08, 2021, 10:06:56 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.

Locked In: Bitcoin’s Taproot Upgrade Gets Its 90% Mandate

Quote

According to the parameters set forward by “Speedy Trial,” if at least 90% of the blocks mined in any of the designated two-week difficulty periods “signal” their support for the upgrade, then the activation process can begin. To be more precise: 1,815 out of 2,016 blocks mined within a period have to include a little piece of encoded information that indicates that the miners who mined those blocks are in favor of the upgrade.

I believe that it doesn’t matter what Satoshi calls it, or what he might not call it. Personally, and I believe I’m not alone, I would be OK if someone considered that Bitcoin “could be” the earliest example of a DAO.

Although many friends do not think that the Bitcoin community is a DAO organization, I still firmly believe that the Bitcoin community is the first DAO organization in the crypto world. Because it does not have a centralized organization for management, but operates completely in a decentralized manner. It has been operating stably in accordance with a set of published rules for 12 years.