News for hackers. Stuff that matters.
Re:Notes on ConstitutionDAO by a1371 on Friday November 19, 2021 @03:42AM (#29275093)
Because the cost of a contract initiation on a DAO is much less than that expensive lawyer you must hire to make that LLC a reality. Your LLC collects the funds but in exchange, you can't issue a security that easily. Selling shares to random online folk isn't easy either. But the most important thing is convincing people. DAOs are now an initiated concept. A centralized version of that needs to emerge again and find its stable model over many years, just like DAOs. This will hopefully happen.
Re:Notes on ConstitutionDAO by imustbeevil on Friday November 19, 2021 @11:27AM (#29278917)
Having a DAO doesn't eliminate the need for a lawyer. If you get sued over claims of ownership, the trial won't be taking place on the blockchain.