Distributed Autonomous Community / Decentralized Application

A Distributed Autonomous Community (DAC) is an "entity" without any central point of control, with a certain agenda, business plan, and protocol. A Decentralized Application or DA is an alternative formulation of a DAC. The concept is currently being developed by David Johnston.

There is an accelerating trend of more and more DACs being formed.

List of DACs

• Bitcoin itself, the first DAC?
• Altcurrencies, all of Bitcoin forks
• Ripple Labs is borderline ... they are a registered company and could be ordered to shutdown. The protocol is perhaps a DAC.
• Mastercoin, a DAC replacement for Forex, Shares, and much more. Later evolved into a ProtoShares competitor.
• ProtoShares, a meta DAC with the purpose of provding infrastructure for other DACs. It is composed of
  • DomainShares, a DAC replacement for Namecoin
  • BitShares, a competitor to Mastercoin
  • Keyhotee, a DAC replacement for OpenID
  • Other infrastructure components to follow... ?
• Mitosys - a DAC replacement for Bit-Message
• Colored Coins are working on defining themselves as a DAC ... no working business model spotted yet.

Ideas

• A social network - Monetizable Diaspora

External links

• Bitcoin Magazine: Bootstrapping a DAC
• Topic on bitsharestalk
• What is a DAC?
• The Three Laws of Robotics for DACs
• Decentralized Application