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Nice idea, I've been looking forward to the 'self-operating-business-in-a-shrinkwrap-box' for quite a while, and this discussion sounds a lot like the kinds of
by kybernetikos 13y ago
Nice idea, I've been looking forward to the 'self-operating-business-in-a-shrinkwrap-box' for quite a while, and this discussion sounds a lot like the kinds of things Charles Stross likes to put in his sci-fi stories.
Still, keeping a private key safe for a distributed corporation will be a challenge. One attack I can think of - set up a fake hosting company that claims to offer cheap hosting, wait for the corporation to move some of its agents there, then bam, you've got the private key. That kind of thing might be difficult to pull off, but if any of these corporations controlled significant assets, then the amount of resources an attacker would be prepared to expend would be very high.
I suppose it suggests a mechanism where spending resources requires the cooperation of a number of agents that must be contracted with different hosting companies, and perhaps a period of warm up, where for the first x months, an agent might do useful things but would not be given power to control money.
- pyoung 13y agoHmm, I am trying to imagine what the system would look like. Seems like you could borrow some of the features of Bitcoin to create a control structure. Maybe require some type of proof-of-work/approval process by a network of shareholders to approve financial/business transactions. That way, anyone could attempt to participate on behalf of the corporation, but only transactions brought forward by trustworthy agents that are deemed to be beneficial for the corporation are approved. Essentially you would adopt the trust model of bitcoin but apply it more broadly.