3 ms·

I got a couple pages in and gave up.

by have_faith 10y ago

NotSammyHagar 10y ago
It feels like the Dharma Initiative or whatever the made up company on Lost was called. The web pages are crazily confused. My first thought was this is Spectre :-) I think what it is supposed to be is a way to make investments in a kind of non-centralized VC fund, and you buy money by transferring bitcoins or ether into dao token. Then a central committee figures out a list of ventures to fund. The members get proportional votes based on the size of their investments. If you search on youtube, you find some people discussing that part of the aims were to allow people to make pre-ipo investments without being accredited investors. In the US, you can't buy certain speculative investments without have a million bucks net worth (= an acc. inv.). So it's all these things together. Plus those crazy, no info web pages. Could they really have so many millions of investments? I've had this idea (not exactly original :-) that at some point technology really would accelerate out of the control of central authorities, whether you call it Ray Kurzweil's Singularity or ultimate cyber freedom. If we ever did get autonomous companies or foundations, controlled by computer code, could we allow them to exist without govt control? Suppose you had a company lead by say a Viv type AI which had 10 million in bitcoins and it was running in a 3rd world country, outside the US, and it's goal was to file lawsuits to stop the federal govt, or the EU or something?
- greenrd 10y ago
  Huh? Laws operate within countries. You can't file (or even defend against) lawsuits in a country without being "present" in that country.
  - NotSammyHagar 10y ago
    So open a fako office in a country (like they do for filing patent claims in west Texas) and then file the lawsuit. It's not like big companies can't make this work. And lawyers can make it work.

3 ms·

I got a couple pages in and gave up.

by have_faith 10y ago

I got a couple pages in and gave up.

NotSammyHagar 10y ago
It feels like the Dharma Initiative or whatever the made up company on Lost was called. The web pages are crazily confused. My first thought was this is Spectre :-) I think what it is supposed to be is a way to make investments in a kind of non-centralized VC fund, and you buy money by transferring bitcoins or ether into dao token. Then a central committee figures out a list of ventures to fund. The members get proportional votes based on the size of their investments. If you search on youtube, you find some people discussing that part of the aims were to allow people to make pre-ipo investments without being accredited investors. In the US, you can't buy certain speculative investments without have a million bucks net worth (= an acc. inv.). So it's all these things together. Plus those crazy, no info web pages. Could they really have so many millions of investments? I've had this idea (not exactly original :-) that at some point technology really would accelerate out of the control of central authorities, whether you call it Ray Kurzweil's Singularity or ultimate cyber freedom. If we ever did get autonomous companies or foundations, controlled by computer code, could we allow them to exist without govt control? Suppose you had a company lead by say a Viv type AI which had 10 million in bitcoins and it was running in a 3rd world country, outside the US, and it's goal was to file lawsuits to stop the federal govt, or the EU or something?
- greenrd 10y ago
  Huh? Laws operate within countries. You can't file (or even defend against) lawsuits in a country without being "present" in that country.
  - NotSammyHagar 10y ago
    So open a fako office in a country (like they do for filing patent claims in west Texas) and then file the lawsuit. It's not like big companies can't make this work. And lawyers can make it work.