3 ms·
Well, that's not working out well with Bitcoin right now. The "shareholder" in this case are people with mining power, and the fight about blocksize has been go
by MildlySerious 9y ago
Well, that's not working out well with Bitcoin right now. The "shareholder" in this case are people with mining power, and the fight about blocksize has been going on way too long now.
In the case of a DAO, who would decide the framework of a contract, like what percentage of shareholders has to vote for yes/no, how long that vote goes on until the decision takes place, and such?
Imagine a company is going badly, and there's a proposal to pivot. Should shareholders with a bigger share but no knowledge about the topic really have the bigger share in the vote? Does the pivot take place when 50% vote yes, or 75? Or maybe just 10%?
Blockchains are great for a lot of things, but these things seem a lot like they're just shifting focus and reponsibility from one point to another.
- DennisP 9y agoWhoever launches the contract decides how it's structured, then everybody else decides whether it's worth buying in.