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RE: Media DAC

in #media6 years ago

By Decentralized, we mean no single point of failure. By Autonomous, we mean smart contracts running on a blockchain giving consistent output based on known input. By Community we mean all those interested and engaged in supporting the shared goals of the DAC

Is it in resemblance to what we do in Steemit?

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Partially, yes, but Steem (outside of Steemengine) doesn’t have a mechanism for smart contracts needed to effectively run a DAC.