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"The DAO's investors [...] might now be keenly interested in whether they are in fact general partners in the DAO under local law. Because general partners tend
by mazsa 10y ago
"The DAO's investors [...] might now be keenly interested in whether they are in fact general partners in the DAO under local law. Because general partners tend to have unlimited liability for their partnership's misdeeds. Even if the smart contract says otherwise. Without the protections of limited liability based in local law, all you have to rely on is cryptography."