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by dragonwriter 3693 days ago
> When it interacts with the real world, it will do so by transferring or receiving digital assets and entering into real-world contracts with outside parties (Contractors).

Is the DAO a legal entity with recognized agents with authority to enter into contracts on its behalf? If not, how can this possibly work?
1 comments
j1vms 3693 days ago
Like I said "to be determined" is what I understand, however they appear initially to be employing a real-world company avatar: DAO.Link, based in Switzerland. [0]

[0] http://www.coindesk.com/the-dao-just-raised-50-million-but-w...

Edit: Also, do keep in mind that the Contractor would be able to see the contract is in effect by viewing it in the "blockchain". The question is only a matter of real-world enforcement in the specific case of the smart contract criteria not being satisfied at contract completion, due to incorrect/false data inputs to it by people in The DAO.

link
dragonwriter 3693 days ago
> Like I said "to be determined" is what I understand, however they appear initially to be employing a real-world company avatar: DAO.Link, based in Switzerland.

Sounds to me like DAO.Link (which appears to be an offering of Slock.it) is the actual legal business entity involved, and that the legal basis and enforcement mechanisms for assuring that it acts as expected by the participants of the blockchain-based entities it interacts with is...somewhat murky.

link