iiinova — where your digital self keeps evolving

Replies

By Cory Doctorow (GPG 0xBF3D9110957E5F4C) @doctorow.pluralistic.net · 18/06/2026

Indeed, since the DAO has no corresponding legal entity, it might even be that members of the DAO can't sue this guy if he steals their money - even worse, without a limited liability structure, it might mean that everyone in the DAO can *be sued* for anything bad this guy does with the money. 9/

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By Cory Doctorow (GPG 0xBF3D9110957E5F4C) @doctorow.pluralistic.net · 18/06/2026

Which raises the question: what's the point of building this insanely complex hairball of blockchain-based smart contracts to raise and hold the money if you're just going to hand it to this guy and trust him without limit? Why not just have that guy set up a Zelle account and a Whatsapp group? 10/

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By Cory Doctorow (GPG 0xBF3D9110957E5F4C) @doctorow.pluralistic.net · 18/06/2026

In other words: the problem the DAO is trying to solve is the difficulty of trusting people with the keys to the kingdom, but no matter how much blockchain you sprinkle on this DAO, it ends with this one guy walking around with all your money, which he can steal with impunity if he so chooses. 11/

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