Comment on Google, X and Facebook Are Modern-Day Tobacco Companies
untakenusername@sh.itjust.works 1 day agoI think in some cases DAOs kinda make sense to be legal entities (in some contexts), like a public company is somewhat controlled by its investors, and if you want to create some sort of crypto-related product - im thinking of something like polymarket or opensea here - you could get investment by auctioning off special voting tokens for the DAO that controls it (so if the majority of token holders wanted to, they could for example, change the background of the site, or introduce a new feature). I imagine getting legal recognition of such a company would make this a ton easier.
Of course, replacing/creating governments with this sorta thing would be insane, but on a lower level, like for companies, it doesn’t seem that bad