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I'm not sure how this fully differs from the concept of a COOP such as RChain[1] who is already in the blockchain space. They have annual elections; you get to
by redm 8y ago
I'm not sure how this fully differs from the concept of a COOP such as RChain[1] who is already in the blockchain space. They have annual elections; you get to vote on business directions and leadership, etc.
I feel its been problematic for a variety of reasons:
1) Most people won't participate.
2) Lack of fully informed decisions.
3) Goals don't always turn out as intended.
4) Leadership/management has to appeal to the masses.
It reminds me of our political cycle and the California prop system. I don't personally feel like those are good models to follow.
[1] https://www.rchain.coop/ https://www.rchain.coop/
- BlockchainStock 8y agoRChain is focused on the community involvement side only. RChain is not working to solve the ICO legal problem, whereas we are working with the SEC to develop a legal framework/guidelines other businesses/startups can follow to raise capital legally using Blockchain technology. Here, just for the legal experiment, the supporters can vote (execute the “51% attack”) authorizing the company to assign its IP to the public domain and dissolve.