Amir Taaki, an early Bitcoin developer, has introduced the first fully anonymous DAO with token-based governance.
We created the world’s first and only fully anonymous on-chain DAO with token-weighted voting.
Everything about the DAO is anonymous. DAOs are meant to be political and subversive.
• The DAO cannot be seen on-chain. It’s looks like random data.
• The treasury is dark.… pic.twitter.com/9ENLsSCksy— Amir Taaki (@Narodism) August 12, 2024
According to the programmer, none of the decentralized organization’s activities are traceable online. Participants, their shares, transactions, the treasury, and all voting-related aspects remain concealed.
Taaki believes this approach aligns with the original mission of cryptocurrencies as an anti-government technology that benefits people.
He emphasized that a DAO operating entirely “in the shadows” could aid resistance groups in totalitarian countries without the risk of exposure and arrest. Through the online structure, they can establish rules and collect funds managed by a team.
“We need anonymous DAOs to protect freedom more than ever,” the developer stated.
Taaki also referred to the current internet industry’s reliance on user surveillance and data collection for advertisers.
“Let’s create the future internet and a free society. Globalism will end. It’s time to take this seriously,” the developer emphasized.
In the comments, users questioned how a DAO without on-chain transparency could protect itself from malicious actions by participants, including authorities.
Don’t let them in. You can also restrict who can make proposals or execute them.
— Amir Taaki (@Narodism) August 12, 2024
“Just don’t let them in. You can also restrict who is allowed to make proposals or execute them,” Taaki replied.
In July, the DeFi protocol Compound Finance community suspected participants of a “governance attack” on the DAO.