io9 Article: How Much Longer Before Companies Start To Run Themselves?

[Frodo]

Funny how these articles always end up discussing superintelligence.

[werneo]

P.S. I would edit this thread title to include [io9 Article]  otherwise it may get overlooked from people thinking its a newbie question thread.

Edited and bumped.

[LRENZ]

 +5% Nice article and loads of discussion in the comments section. Good stuff!

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Wow they have 120k Twitter followers, I'd never heard of them til now.

https://twitter.com/io9/status/568863488254316545

And over 500k followers on Facebook

https://m.facebook.com/story.php?story_fbid=10153180989541694&id=393386711693&refid=17

BIG!

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P.S. I would edit this thread title to include [io9 Article]  otherwise it may get overlooked from people thinking its a newbie question thread.

Anyway isn't this company (BitShares) already running itself? Ha

[Xeldal]

According to Daniel Latimer, who Aeon Magazine describes as a "fairly radical" libertarian, "decentralized technologies will make governments entirely irrelevant, ineffective and unable to do anything."

Nice!  +5%

[pgbit]

Insightful article, carefully written. It won't be long now...

[werneo]

http://io9.com/how-much-longer-before-companies-start-to-run-themselve-1687015200

BitShare's Stan Latimer has taken it upon himself to devise Three Laws of Robotics for Distributed Autonomous Corporations:

A DAC must always obey its own published business rules.
A DAC must never change its rules without consent of its stakeholders, except where such change would conflict with the First Law.
A DAC must protect its own existence, as long as such protection does not conflict with the first two laws.

According to Larimer, a DAC's mission statement — or utility function — would be "typically implemented as publicly auditable open-source software distributed across the computers of their stakeholders."