| > I'm not sure if you are trying to compare my legal knowledge to that of a Taxi driver ... Certainly not, I see no evidence that you don't have a strong understanding of the law, far beyond my own. I guess what I'm saying is that Uber and the DAO both operate in a legal grey zone- And both of them likely have aspects that directly conflict with current law. However, I think it's clear that the legal system is a "living institution" and has been surprisingly welcoming of new innovative business models and technologies recently (as with Uber and things related to the DAO like Bitcoin) and is one of the reasons I still feel relatively optimistic about the future of the US economy. What made Uber succeed, to a large degree, is that clearly a lot of societal pressure had built up over decades due to poor experiences with the taxi system- I think it's undeniable that this had an influence on the positive legal rulings around Uber, so far as those exist in many parts of the country. Similarly, alternative governance systems like the DAO will keep appearing and I think eventually are likely to get some support from the existing legal system. > Take Miami-Dade county... Yikes! Glad I don't live there anymore, as my lifestyle depends significantly on access to ride sharing services. |
What is required to be a corporation is not really a legal gray zone. The DAO doesn't operate in a legal gray zone as to that characterization, its just flat inaccurate.
Insofar as the DAO is a mechanism for constructing contracts between actual legal persons (either natural persons or corporations), it may operate in a poorly-tested area as to whether valid contracts are formed, how those contracts are interpreted and what law they are governed by, and whether and to what extent they are enforceable, true.