Topic: Decentralized Autonomous Corporations (Read 703 times)
Please explain more why you don't think DACs won't work.
You state opinion, give some facts so we can have a constructive conversation.
Some good reading:
http://letstalkbitcoin.com/blog/post/overstock-to-cryptostock
Let's talk Bitcoin! episode 129. Starts around 12 minute mark with the lead dev Dan. Great listen.
http://letstalkbitcoin.com/blog/post/lets-talk-bitcoin-129-dogeparty-and-delegated-proof-of-stake
Titan
http://wiki.bitshares.org/index.php/TITAN
DPOS algorithm
http://wiki.bitshares.org/index.php/DPOS
Last but not least the market based trading, think bitUSD, bitGold, bitSilver etc...
http://wiki.bitshares.org/index.php/Bitshares_X
BitShares ideology, along with the likes of Nxt & ethereum go WAY beyond just a coin.
Some good reading:
http://letstalkbitcoin.com/blog/post/overstock-to-cryptostock
Let's talk Bitcoin! episode 129. Starts around 12 minute mark with the lead dev Dan. Great listen.
http://letstalkbitcoin.com/blog/post/lets-talk-bitcoin-129-dogeparty-and-delegated-proof-of-stake
Titan
http://wiki.bitshares.org/index.php/TITAN
DPOS algorithm
http://wiki.bitshares.org/index.php/DPOS
Last but not least the market based trading, think bitUSD, bitGold, bitSilver etc...
http://wiki.bitshares.org/index.php/Bitshares_X
BitShares ideology, along with the likes of Nxt & ethereum go WAY beyond just a coin.
I took a careful look at the bitshare model. They rely on Decentralized Autonomous Corporations.
A simple example would be a lottery conducted by a computer algorithm. So, the idea is a crowd would fund this start up. People would buy shares. Then, this lottery would run automatically.
It just doesn't work.
So, DAC are not going to be anything useful or real. They are going to be limited to small things like lotteries.
A simple example would be a lottery conducted by a computer algorithm. So, the idea is a crowd would fund this start up. People would buy shares. Then, this lottery would run automatically.
It just doesn't work.
So, DAC are not going to be anything useful or real. They are going to be limited to small things like lotteries.
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