Archive for May 23rd, 2016

DAO

DAO-00

XS has received a firm (but fair) scolding for not linking to this development in yesterday’s Chaos Patch (or elsewhere).

Here’s the website and a nested blogpost (containing a deeper link to the whitepaper (which is good)). The (minimalistic) manifesto is an ideological mish-mash which has been worked-over by PR imperatives and demands cold scrutiny to extract its real content.

From the whitepaper:

A word of caution, at the outset: the legal status of DAOs remains the subject of active and vigorous debate and discussion. Not everyone shares the same definition. Some have said that they are autonomous code and can operate independently of legal systems; others have said that they must be owned or operate by humans or human created entities. There will be many uses cases, and the DAO code will develop over time. Ultimately, how a DAO functions and its legal status will depend on many factors, including how DAO code is used, where it is used, and who uses it. This paper does not speculate about the legal status of DAOs worldwide.

The XS prediction is itself predictable: This only goes in one direction (and eventually its going to be vast).

ADDED: When the marketing aesthetics go in this direction, we’re done.

ADDED: Andrea Castillo comments.

May 23, 2016admin 31 Comments »
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