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It means "Decentralized Autonomous Organization".

It's usually used as a common term ("I'm creating a DAO"), but these guys called theirs "The DAO". This attacker exploited "The DAO".




Ok, but you realize that merely listing the words in the acronym does nothing to explain what it actually is. The whole ethereum "ecosystem" is a radical and new construct that very few people are familiar with.

Given that, I would even say that the name "Decentralized Autonomous Organization" is a deliberate, almost satirical, obfuscation.


When you say it's "usually used as a common term", that sounds like wishful thinking. It seems you want to take the term back and distance it from The DAO.

But new efforts like this won't call themselves "a DAO" anymore than a new airship would be called "a hindenburg".




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