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> more like a co-op

The owners aren’t providing labour. Votes are tied to shares—one person can have more than one vote. And the shares are acquired with capital. Closer to corporation than coöp.

If the DAO committed to turning the team over to its players or fans, and then fixed one vote one member, that would resemble a coöperative.

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As far as I can recall, I had never encountered this kind of usage of https://en.wikipedia.org/wiki/Diaeresis_(diacritic) in the word cooperative.

I was going to ask you about it but Wikipedia gave a sufficient explanation, so commenting for the benefit of other readers.

The New Yorker is one of the few places you'll see this regularly

https://www.newyorker.com/culture/culture-desk/the-curse-of-...

There are worker-owned co-ops and customer-owned co-ops. DAOs also are a fairly generic concept, made more specific by whatever terms and conditions are memorialized in their originating contracts.

> worker-owned co-ops and customer-owned co-ops. DAOs also are a fairly generic concept

Totally agree. There is no reason a coöp couldn’t run on a blockchain.

This DAO is not that.

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