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Right, and there are people that do want to be involved. They want to be part of the case law incongruences that will arise to solve disputes. They want to bri
by cloudjacker 10y ago
Right, and there are people that do want to be involved.
They want to be part of the case law incongruences that will arise to solve disputes. They want to bring this to light so that the legacy system is presented with a better or more efficient way.
Anyway, Slock.it a germany company is managing this asset, their liability is limited.
- jrochkind1 10y agoIf they think they can somehow get limited liability protections in the U.S. without a legal incorporation, I think nearly any lawyer will tell them they won't have much of a case. No judge is going to decide that. You don't get limited liability protections just by acting like a corporation, you need to actually incorporate. It's pretty straightforward law with regard to that much. (I am not a lawyer).
- cloudjacker 10y agoThe point is that they don't care about the US, or France, or Hong Kong, or Zimbabwe. Also, the individual owners of DAO are not known and are entirely bearer assets. You and I could Shapeshift some bitcoin to Ether right now, exchange for DAO tokens, vote on proposals for the DAO that eventually cause a gigantic oil disaster and whatever unlimited liability a court finds for shareholders will stall forever because they can neither find the shareholder or freeze the assets on the DAO.