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Well, I guess if it were to be more like a real world corporation, the shareholders would elect a board, which selects a CEO. If the board goes rogue with the s
by joshlemer 4y ago
Well, I guess if it were to be more like a real world corporation, the shareholders would elect a board, which selects a CEO. If the board goes rogue with the some of the private AWS keys, or other company assets, past the point where the shareholders vote to replace them, then I would imagine the shareholders would want to elect board members who would take action to re-secure the physical assets, possibly via extralegal means. For some assets, one could also imagine a smart contract that automatically expires control of the asset as soon as the CEO/board is changed. By the way, not that I am endorsing this as good for society, though it's interesting, and I could just see this being a beneficial innovation for black/gray market firms.
- sunshinerag 4y agoI remember few companies already doing this. The shapeshift DAO. They migrated from a traditional corporation to one incorporated and governed by a Defi contract