Aaron Wright: The LAO – DAOs From a Legal Perspective
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The Legal Model of Daoists
There's always been a question when it comes to Dao's as to what they would be characterized under the law and what are some of the tricky legal questions that may emerge. So, if you speak with legal Dao people, they typically distinguish between wrapped and unwrapped Daoists. And we've seen some early experiments in that vein. We're making clear that the underlying smart contracts are governing the behavior of folks within the organization. It means that when you join the Dao, you're not joining as a partner. You're joining without any other fiduciary duties to your other Dao members. The Lao and Flamingo project is set up as a member
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