Crypto: the good, the bad and the ugly

The problem is that a DAO is not an employer or a legally binding contract. The DAO voting to do things has no legal weight. Even if you create a legal corporation to do the bidding of the DAO this doesn't get you out of the problem, because by law the people ultimately in charge must be a named set of human beings. Making it possible for software to employ humans as an independent legal entity is another neat idea but one that definitely does not exist right now.

That’s some pretty wild dystopian stuff if you think about it. Are we trying to make robots our overlords. And for what?

Why does playing a game, or making music, or watching a movie, or sending a message, or any of the millions of other things we spend time doing on the web make more sense or improve if modeled as a currency?

I don’t know. That’s a good question.