Non-Profit DACs?

[luckybit]

http://altcoins.com/curecoin.html

Very interesting.  Along the same lines as PrimeCoin.  Could #DACs be built as non-profits??  I would assume parallel mining could be done with nearly all of them.  These types of things build trust from the outside community, actually help humanity and are basically free PR. 

Hell I might mine just for these sometimes...but merged mining?  It would be incredible to my thinking.

All organisms must create more value than they consume or they will die.   For a non-profit DAC to be practical it must not consume wealth through mining and must fund its good cause from its profits rather than from its equity other wise it will die.

Social corps or low profit corps or benefit corps or not only for profit corps. There are a lot of different kinds of corporations which aren't the standard and nothing stops us from inventing new kinds which blend non-profit goals with for profit techniques to achieving.

[fuzzy]

I like the idea of a non profit DAC.
But it raises some questions: What is profit? Where's the profit in Bitcoin as a DAC?

Bitcoin as a DAC is a negative profit enterprise that manages to grow in value despite the huge consumption of resources required to maintain it.  The value proposition of crypto-equities is so strong that they grow in value using a business model that would put a centralized company out of business.

Beautifully stated ByteMaster.

[bytemaster]

I like the idea of a non profit DAC.
But it raises some questions: What is profit? Where's the profit in Bitcoin as a DAC?

Bitcoin as a DAC is a negative profit enterprise that manages to grow in value despite the huge consumption of resources required to maintain it.  The value proposition of crypto-equities is so strong that they grow in value using a business model that would put a centralized company out of business. 

[guaka]

I like the idea of a non profit DAC.
But it raises some questions: What is profit? Where's the profit in Bitcoin as a DAC?

[bytemaster]

http://altcoins.com/curecoin.html

Very interesting.  Along the same lines as PrimeCoin.  Could #DACs be built as non-profits??  I would assume parallel mining could be done with nearly all of them.  These types of things build trust from the outside community, actually help humanity and are basically free PR. 

Hell I might mine just for these sometimes...but merged mining?  It would be incredible to my thinking.

All organisms must create more value than they consume or they will die.   For a non-profit DAC to be practical it must not consume wealth through mining and must fund its good cause from its profits rather than from its equity other wise it will die.

[fuzzy]

http://altcoins.com/curecoin.html

Very interesting.  Along the same lines as PrimeCoin.  Could #DACs be built as non-profits??  I would assume parallel mining could be done with nearly all of them.  These types of things build trust from the outside community, actually help humanity and are basically free PR. 

Hell I might mine just for these sometimes...but merged mining?  It would be incredible to my thinking.