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This is a misunderstanding. Many DAOs have off-chain legal entities attached. In American law, corporations are people. American Courts will give a very high l

• ajross 5y ago
  > It’s very easy to register a Delaware LLC which states that it’s board decisions are whatever output a smart contract spits out Yes, but you still need people. The point was more than anonymous funders have no standing to sue. You're right you could have a conventional corporation fund itself with a DAO, but you're still trusting that corporation with your anonymous cash and if they take it and run you're SOL. At the end of the day unless you're willing to put a signature containing your legal name as a human being down on a contract written on paper[1] the law isn't going to protect you. And if you are willing to do that, a "DAO" doesn't bring much to the table that, say, a plain old trust or LLC doesn't. [1] Not actual signatures, not actual paper, but a real human being.