The Blockchain Is The New Corporation

Paleus

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Quote from: newIndia on March 01, 2015, 04:30:36 PM

Quote from: Paleus on March 01, 2015, 02:47:58 AM

Watch the accompanying YouTube video.

I was watching your video. I assume it is you in the video and hence asking the following Q. Your background looks like a resident area and there is huge smoke coming out from the top of few buildings. So, is not this type of air pollution in resident area prohibited in your state ?

p.s. Sorry for being off-topic. But could not stay calm by checking live environmental hazard.

The video is no longer available but it would have been filmed in downtown Toronto. There is no danger of an environmental hazard. Thank you for your concern.

newIndia

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Quote from: Paleus on March 01, 2015, 02:47:58 AM

Watch the accompanying YouTube video.

I was watching your video. I assume it is you in the video and hence asking the following Q. Your background looks like a resident area and there is huge smoke coming out from the top of few buildings. So, is not this type of air pollution in resident area prohibited in your state ?

p.s. Sorry for being off-topic. But could not stay calm by checking live environmental hazard.

Paleus

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Quote from: PolarPoint on March 01, 2015, 05:19:49 AM

Corporations are largely automated by computer systems, this is true. To say corporations do not need human to operate is too extreme, and to say blockchain tech comes into it is also abstract.

The core of blockchain tech is an open trustless system. Corporations have used large closed database system for a long time. They have no incentive to make the database open and trustless. I can only see the blockchain/miner relationship as a analogy for a flater corporation hierarchy.

These 'large closed database systems' you speak of are completely different from a blockchain database. The blockchain is a network with an attached incentive to contribute to it continuously, a traditional database is not. A traditional database is housed and accessed by one institution. The blockchain is not.

The blockchain is an evolution of the corporate nucleus.

PolarPoint

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Corporations are largely automated by computer systems, this is true. To say corporations do not need human to operate is too extreme, and to say blockchain tech comes into it is also abstract.

The core of blockchain tech is an open trustless system. Corporations have used large closed database system for a long time. They have no incentive to make the database open and trustless. I can only see the blockchain/miner relationship as a analogy for a flater corporation hierarchy.

OpenOcean

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Quote from: Paleus on March 01, 2015, 02:47:58 AM

Corporations are continuously shuffling capital inside their borders, as we have seen, but more and more of it is being devoted to automation and computing power. They do so because their survival is heavily dependent upon the labour output of its employees and the value created for customers — both of which roles are now being filled by machines with the introduction of bitcoin technology.

Are corporations reliant upon humans to survive? Time will show the answer is increasingly ‘no’.

The bitcoin payment system represents a first of its kind economic model – a decentralized, autonomous corporation. This type of corporate model is fundamentally different in its makeup because — among other things — it is capable of functioning completely exclusive of human intervention while simultaneously owned by no single one.

Who are the corporations making money for then? What is the point of their value? Without humans corporations would have no purpose, and the protocols for the asset transfer mechanisms would not be created in the first place.

Exther2

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Quote from: Paleus on March 01, 2015, 02:47:58 AM

The bitcoin payment system represents a first of its kind economic model – a decentralized, autonomous corporation. This type of corporate model is fundamentally different in its makeup because — among other things — it is capable of functioning completely exclusive of human intervention while simultaneously owned by no single one.

It is not like that. Whoever made this article does not want Bitcoin to success.
The answer to the problems of centralized Bitcoin exchanges is to use decentralized exchanges that take advantage of the decentralized nature of the Bitcoin protocol.
Simple?

Paleus

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20th century business models were characterized by ownership rather than access, and centralized over decentralized decision making. The bitcoin blockchain economic model does away with all these conventional notions and provides us the blueprint for a 21st century digital paradigm – non-exclusive, decentralized, autonomous corporations. This type of corporate model is fundamentally different in its makeup and functionality because -- among other things -- it is independent of human intervention while simultaneously owned by no single party.

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