Taaki added everything about the DAO—including its treasury, transactions, membership, token ownership, proposals, voting—is fully hidden on the blockchain. This degree of anonymity goes so far as to allow any smart contract—including ones involving Treasury cash transfers—to be triggered without revealing any details. Payments are also maintained under secrecy, therefore ensuring that the Treasury remains concealed and the name of the beneficiaries stays unknown.

A Solution for Sovereign and Uncensored Online Organizations

Taaki pointed out that data gathering and espionage rule the current state of the computer industry and the internet. In the present digital age, he argued, anonymous DAOs provide a method for forming extremely important free, unvarnished, sovereign online organizations.

Taaki is collaborating with DarkFi, a team committed to providing online businesses anonymous technology so they can completely use bitcoins. Emphasizing its possibilities as a privacy-building primitive that may drastically change DAO game theory, Nick Almond, CEO of Factory Labs and developer of Factory DAO, praised the anonymous DAO as “cypherpunk AF.”

But DAO governance—especially in the crypto and decentralized finance (DeFi) sectors—has proven challenging without traditional hierarchies, which could lead to unclear leadership duties. Moreover, unequal token distribution raises concerns about centralizing of power, therefore opposing the concepts of decentralization. Clear proof of these issues with governance obstacles for DeFi systems such Compound Finance and Uniswap has emerged recently.

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