4 ms·
> This Article argues that algorithmic entities — legal entities that have no human controllers... What is an example of one these entities? The abstract doesn
by pwaivers 9y ago
> This Article argues that algorithmic entities — legal entities that have no human controllers...
What is an example of one these entities? The abstract doesn't really explain what it means here.
- sharemywin 9y agothe articles of incorporation or an operating agreement would outline that the business be run by an algorithm.
- gwern 9y agoWell, it's an LLC once the human initializers withdraw from it, that's the legal trick here. If you mean what is the actual algorithm using the LLC shell, it could be anything. A simple flowchart, a DAC on Ethereum, a NN on AWS, whatever.
- s73v3r_ 9y agoOnce the human organizers withdraw from it, doesn't it cease to be an entity? You still need at least one person that owns it.
- DennisP 9y agoA lot of LLCs are anonymous. The states that set them up don't actually know who owns them. How would they know there's no human owner?
- Slansitartop 9y ago> How would they know there's no human owner? If they ever cared enough to look, I'd imagine. People get away with illegal or unlawful things all the time because of the unawareness of the authorities, but that doesn't change the nature of those things.
- xenadu02 9y agoLLCs must have at least one member with ownership interest, otherwise it (or all its assets) would be abandoned property by state law
- mjw1007 9y agoI've sometimes wondered how, or whether, this is guaranteed for companies whose ownership is organised by tradeable shares. That is, whether there's anything that stops a sequence of share sales ending up in a situation where a set of companies between them own all the shares of companies in the set. (If this ever happened, presumably the last human to sell a share to one of the companies was making a mistake, but humans make mistakes all the time.) I mean, normally if you wanted to stop this sort of thing you'd do something like introduce a hierarchy of company types and say type N companies may only own shares in companies of type N+1 or higher. But I've never heard of such a rule.
- politician 9y agoWhat if it's a subsidiary of a foreign parent?
- _acme 9y agoThe foreign parent would be a member.
- politician 9y agoOf course, now what if the foreign parent was itself an AI?
- deleted 9y ago[deleted]
- murkle 9y agoSkynet
- irickt 9y agoAlgorithmic entities is just a rhetorical device here. The article is about the challenge of policing the extisting system of anonymous corporations.