[ExI] Dawn of Autonomous Corporations

Christian Vanderwall cvanderwall14 at gmail.com
Fri Oct 25 00:10:32 UTC 2013

The first autonomous corporation may very well be created with profit as a
motivator, but if a creator of an autonomous corporation built it in a way
that allowed them to extract profit without working it would defeat the
purpose.  Another developer would be able to create a more efficient copy
of that corporation by foregoing the extraction of profits.

I think there are plenty of reasons why one would want to create an
autonomous corporation besides profiting directly:

To provide oneself with steady, well paid employment.  Depending on its
structure and function, an autonomous corporation might still need humans
to complete work. For example, a web developer, or group of developers
might create an autonomous web development firm.  This autonomous web
development firm would need advanced algorithms in order to function
independent of any management, but you can imagine how it could work.
 Employees are hired and fired algorithmically.  Clients posts jobs, and
developers are assigned to those jobs.  Because there is no management
running the company, developers would keep more of the profits.

To solve a personal pain point.  Someone might want food delivered to their
home, but feel that the existing human run options are too expensive.  To
fix this, they create an autonomous corporation that delivers food with
self driving cars, allowing them to get their food delivered for the lowest
possible price (they would pay price of the food + costs of delivery)

For fun.  I would not be surprised if someone built an autonomous
corporation that directly competes with a major existing corporation just
to see if they could put that corporation out of business.


On Thu, Oct 24, 2013 at 4:11 PM, Mirco Romanato <painlord2k at libero.it>wrote:

> Il 24/10/2013 17:52, Kelly Anderson ha scritto:
> > On Mon, Oct 21, 2013 at 9:53 PM, Christian Vanderwall
> > <cvanderwall14 at gmail.com <mailto:cvanderwall14 at gmail.com>> wrote:
> >
> >     http://btcgeek.com/dawn-of-autonomous-corporations/
> >
> >     Thoughts?
> >
> >
> > Christian, My thought is that this is an amazing concept.
> >
> > My second thought is how would you incentivize someone to start building
> > such a beastie.
> Profit will incentivize one.
> The programmer can programmatically code the corporation so it will give
> profits to someone.
> Mirco
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