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by zepto
1731 days ago
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> No one tells people how to build/run a company (and neither does the law in any particular jurisdiction, though they may set boundaries, This is essentially false. Corporate law, labor law, contract law, IP law, Tax law, and other legal disciplines do a lot to tell people how to build and run companies in every jurisdiction. If you don’t obey them, the state will impose liabilities by force. > just like the evm sets boundaries) This is a completely false comparison. Boundaries set by the evm are nothing like legal boundaries. > people come up with their own methods for doing such and spread/share those methods with others. Can you think of an example outside finance, where someone has build a company as a DAO instead of using legal incorporation? |
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If you fork uniswapv2 code and deploy it on chain, it enshrines a bunch of rules that essentially tell one how they can interact with it in the same way these laws do.
People have to come up with these things, turn them in to law (or code), while also varying by jurisdiction (and highly susceptible to selective enforcement unlike code the executes the same way thru the evm) that people break/exploit those rules all the time that go against whats stated in them (people can hack contracts whose logic isn't tightly defined).
> Boundaries set by the evm are nothing like legal boundaries.
I'd say they are far superior than legal boundaries at enabling consistent and transparent interactions between people to the degree that some groups of people decide at using them vs incorporating in any jurisdiction at all like they may have in the past.
> Can you think of an example outside finance, where someone has build a company as a DAO instead of using legal incorporation?
If you are seriously interested, look here[0] (which is not a comprehensive list)
[0] https://coopahtroopa.mirror.xyz/_EDyn4cs9tDoOxNGZLfKL7JjLo5r...