I hold zero crypto, but by reading of the DAO is that it is one of the ways mentioned of trying to benefit the community or perhaps it will be used for community governance (elsewhere in the post it mentions hiring maintainers, and also creating bounties to fund development), not a way of creating some crypto coin to sell.
Even if it was a way to sell crypto coins and fund development (presumably while also giving backers some visibility and say on the project’s governance), how is that worse than making part of the project closed source and paid for?
