Public Policy #6 - Human Readable By-laws #7
Description
Using the COALA Model Law for DAO (drllau [commentary] ) iterate over LexDAO's policy stance wrt DAO legislation (continuous improvement) with the latest Wyoming LLC DAO [amendment] for hackathon.
DAO Access
COALA commentary
COALA requires
The DAO must have By-Laws that are comprehensible to a
layperson. The By-Laws must be publicly accessible via a
GUI or a Public Forum. Sensitive information may be
redacted from the By-Laws before their publication, if those
redactions are necessary to protect the privacy of individual
Members or Participants in the DAO;
LexDAO position - Desirable but Diectionary
Not needed for Richardian LLCs.
Difference
LexDAO favors the presumptive not imperfect code deference side of automation spectrum