If someone creates a profitable DAC, what stops me from copying it and making a non-profit version?
Market forces and competition.
Thank you for the quick answer. I have read this in another topic:
Any DAC that operates with any degree of profitability above the bare minimum will likely find forked competition before too long who takes their work and turns a 10% fee into a 1% fee. And then a 1% fee into a .01% fee, until whatever the minimum possible operating budget is found.
I don't get how the minimum possible operating budget can be greater than 0. Please tell me what I am missing.
Let's consider a distributed marketplace service. As far as I understand, all work is done by the miners. How could the minimum possible fee be positive? Can you give me a better example? Thank you.