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Re:Crypto enthusiasts want to buy an NBA team, after not pur... by UncleMeat on Sunday November 28, 2021 @07:07AM (#29368249)
You can’t say that it’ll rely on real word courts and then two minutes later say that the benefit is that you don’t need to hire lawyers.
Re:Crypto enthusiasts want to buy an NBA team, after not pur... by giansegato on Sunday November 28, 2021 @07:34AM (#29368431)
You don't need to hire lawyers to create the entity and coordinate internally. I've managed a multinational company: it's absolutely crazy the amount of complexity needed to coordinate between legislations, just because states can't efficiently talk with each other. It doesn't make any sense. It's a broken protocol. It's a fine line: within the org, on chain and no lawyers, only code and everyone must take care of code due diligence. Outside the org (ie. real world), you deal with lawyers as much as needed.
Re:Crypto enthusiasts want to buy an NBA team, after not pur... by jimkleiber on Sunday November 28, 2021 @12:33PM (#29370870)
I've thought that many crypto solutions are just workarounds for not having global standardization around laws. Do you think a global governance level (with more buy-in than the UN) would help mitigate some of the challenges that a global company encounters?

In other words, do you think there would be as much of a need for DAOs if a company could register with a global authority, had globally aligned taxes, etc?