Blockchains are often thought of as primarily a financial tool, either as a base platform for a currency or as a platform for financial contracts. However, the highly expressive programming capabilities supported by platforms like Ethereum greatly reduces the barrier to entry in building new kinds of native internet-based institutions, which could replace some of the functions of companies, non-profit organizations, clubs, fundraising, and more. New kinds of institutions that are more open, free, egalitarian and fair are already starting to be built, and much more is coming. #cryto #ethereum #dao #vitalikbuterin
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