C. Thesis

Our thesis, which we hope to technologically fortify and legally validate, is that:

1. The DAO, in contrast to what many seem to assume, does not need to become a body corporate in its own right in order to fund projects, including offline projects; and

2. that despite this lack of legal personality, dividends and exit proceeds from the projects The DAO funds can flow back to the DTH without them being shareholders or members of a body corporate; and

3. a high degree of safeguards about the DTH's individual participation can be achieved.

Testing this will provide a template for all future DAOs, and hence ultimately benefit all participants in a post-capitalist, “participalist” economy in which anybody with access to a computer and the internet can flexibly collaborate and frictionlessly invest in projects most people want to see happen.

Next - The Legitimacy of the DAO Token Sale