<div dir="ltr"><div><div><div><div><div><div>Thanks for your $0.03!<br><br></div>In general, everything that can be done one way can also be done another way. I totally agree with "BC is just technology, not to be mistaken for complete solution. In a DAO the people are obviously the very top, software and hardware they use are just tools, and blockchain glues it all together."<br><br></div>I don't especially care for your highest level of DAC/DAO. Pasting from a KurzweilAI thread:<br>A DAC automates the low level aspects of project management, which
usually take a lot of time. Tracking, recording, verifying, voting,
knowing who is doing what, who is responsible for what, what has been
paid to whom, what must be paid to whom, what has been received... all
that is taken care of by smart contracts. I am NOT in favor of
outsourcing to machines what people do well (creativity, high level
decision making...) but I am all for outsourcing to machines what humans
do poorly, or is too boring to motivate humans.<br><br></div>Concerning your third level ("DAO that is nothing more than company or organisation using blockchain technology for... and here comes the explanation of everything.")<br>A DAO is something more than a company because blockchain tech permits doing easily things that are not done easily in a company, but also something LESS than a company because it doesn't come with a legal status that permits working effectively in the real business world. That has to be added on at this moment.<br><br></div>Re "What is blockchain used for? What can it do?" - some thoughts here:<br><a href="http://www.kurzweilai.net/forums/topic/space-decentral-a-decentralized-autonomous-space-agency">http://www.kurzweilai.net/forums/topic/space-decentral-a-decentralized-autonomous-space-agency</a><br><br></div>Concerning your second level ("[A DAC] acting as corporation in a world where DACs are not yet "a thing". This brings all the questions - who is going to sign contracts? How decisions are made? Enforced? Investors, how do we attract them, what exactly is their role?")<br>Smart contracts take care of how decisions are made AND enforced. There are tentative answers to the other questions applicable to specific legal jurisdictions, Link at the end of<br><a href="https://cryptoinsider.com/daos-dacs-real-physical-world-open-questions/">https://cryptoinsider.com/daos-dacs-real-physical-world-open-questions/</a><br><br></div>I like the rest of your analysis, keep more cents coming!<br><div><div><div><div><br><br></div></div></div></div></div><div class="gmail_extra"><br><div class="gmail_quote">On Fri, Apr 14, 2017 at 2:27 PM, Radoslaw Zasiadczuk <span dir="ltr"><<a href="mailto:rkz@hyperlogos.net" target="_blank">rkz@hyperlogos.net</a>></span> wrote:<br><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex">On Thu, 13 Apr 2017 11:49:52 -0700<br>
Adrian Tymes <<a href="mailto:atymes@gmail.com">atymes@gmail.com</a>> wrote:<br>
<br>
Hello everyone! If I may add my $0.03...<br>
<span class=""><br>
> So your problem reduces to, what advantages does a DAC have over a<br>
> traditional corporation, given that most elements of significant financial<br>
> value will refuse to engage with blockchain et al instead of traditional<br>
> means (such as the law & courts, seeing blockchain et al as less effective<br>
> at protecting their interests), thus negating any benefits for their<br>
> transactions that a DAC might have?<br>
<br>
</span>There are, probably, about 3 general levels of of a DAC/DAO.<br>
The highest is a DAC being ruled by its internal AI, making decisions,<br>
signing contracts, having a "person" or "legal person" status like<br>
normal corporation. That's not going to happen next week and for<br>
now it's irelevant.<br>
The second level is perhaps the most confusing - a DAC without<br>
intelligence, but acting as corporation in a world where DACs<br>
are not yet "a thing". This brings all the questions - who is going<br>
to sign contracts? How decisions are made? Enforced? Investors,<br>
how do we attract them, what exactly is their role? Etc. They are<br>
perfectly valid questions of course, but probably they can't be answered<br>
without going through the basic level of DAO.<br>
The third, basic level (and this is just my understanding, don't quote)<br>
seems to be a DAO that is nothing more than company or organisation<br>
using blockchain technology for... and here comes the explanation<br>
of everything ;) What is blockchain used for? What can it do?<br>
<br>
<disclaimer><br>
I am aware that everything a blockchain can do in theory can be<br>
achieved used non-blockchain technologies. Especially when<br>
we consider technologies constituting informational background<br>
of a company. Flow of information, decisions, knowledge, etc.<br>
But having said that it is all perfectly achievable using non-silicon<br>
technologies, like pen and paper.<br>
</disclaimer><br>
<br>
So what curretn blockchain does best? Provide transparency<br>
and real-time, accurate, proven information about everything<br>
that goes on in the company, with reduced need for human<br>
input. It can speed up flow of information, decisions, knowledge<br>
in a company in safe and secure manner, and all that requires<br>
less infrastructure and maintenance than more traditional<br>
means of "computing".<br>
But this is in case of traditional companies. Let's expand slightly<br>
the model to a core corporation using a lot of 3rd parties,<br>
contractors, advisers. Keeping track of everything that is going on,<br>
remembering that the core company sets general direction,<br>
and makes the important decisions, but each big decision<br>
is followed by countless small decisions on all levels of organization..<br>
Blockchain - extremely useful for all that. Pen and paper would<br>
not be sufficient.<br>
And then the core company leaves itself legal presence and brand,<br>
and dissolves hierachy (that already was a mesh more than a tree),<br>
so it officially becomes just a node in decentralized, autonomous<br>
organization, which by that time moves by itself... and by that statement<br>
I mean something similar to open source software projects. They surely<br>
are decentralized, to some might appear chaotic, but there is inherent<br>
order built in, facilitated by source control software and communication,<br>
that needs no traditional hierarchy, no explicit pecking order, and gets<br>
things done on scale that suprises people believeng that without<br>
strict, imposed order nothing would ever get done. And here pen<br>
and paper would not be merely insufficient, probability of succeding<br>
on such a low technology is near-zero. Traditional computing methods<br>
can get things done, but they in turn start looking insufficient.<br>
<br>
Blockchain (I think - we're at the very early stages still), can bring<br>
the power of decentralization to physical world. It's been done before<br>
using more traditional methods, like for example in Gore-Tex,<br>
(please correct me if I'm wrong), but blockchain is an idea that<br>
can scale the beyond small and medium sized companies,<br>
Now, BC is just technology, not to be mistaken for complete solution.<br>
In a DAO the people are obviously the very top, software and hardware<br>
they use are just tools, and blockchain glues it all together.<br>
That's the short answer.. ;)<br>
<br>
best regards,<br>
Radoslaw Zasiadczuk<br>
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