Over the next couple of years english.best is going to evolve into a DAO, a Decentralized Autonomous Organization.
Here is why:
This part is one of the moments when I am proud to come from Saxony since the Slock.it guys are from Saxony too with their headquarters still in Mittweida:
Bitcoin is generally considered to be the first fully functional DAO, as it has programmed rules, functions autonomously, and is coordinated through a consensual protocol. Of course, not every DAO has been as successful as Bitcoin. In May 2016, German startup slock.it launched the creatively named “The DAO” in support of their decentralized version of Airbnb. At the time it was a great success with a crowdfunding campaign that raised over $150 million worth of Ethereum.
Here is a simplified version of the article:
Imagine that you and a bunch of your friends want to play a game, but you don’t want any grown-ups telling you what to do. You want to be able to make all the decisions about the game. So you write down all the rules about how to play the game, and you put them on a computer. Then you tell the computer to make sure that everyone follows the rules. And if anyone breaks any of the rules, then the computer will punish them. This way, all the grown-ups are out of the picture, and you can play your game without any grown-ups telling you what to do. You write down all the rules about how to play the game, and you put them in a computer so that people have to follow them. Then you tell the computer to make sure that everyone follows the rules. So you write down all the rules about how to play the game, and you put them on a computer. Then you tell the computer to make sure that everyone follows the rules. And if anyone breaks any of the rules, then the computer will punish them. This way, all the grown-ups are out of the picture, and you can play your game without any grown-ups telling you what to do.