Aww man I don't mean to shoot you down, was just trying to foster discussion =P. The more I think about it the more it seems like this *does* provide a benefit over a centralized solution. So ignore me and keep discussing the idea.
Here's my understanding for why the other DAC ideas could not be centralized:
BTS X: Having priviledged access to the price feed is a killer (trust)
BTS DNS: Regulation (seizure & MITM), profit
BTS Music: Same issues as with all centralized media, "the rich get richer" (more access to distribution points -> easier to lock others out)
Ha don't worry mate it's good you keep an eye on the forum and help people where you can, I'm not even sure myself if it's a DAC according to I3's rules but in my head it is :p
For what it's worth, toast's DAC criteria aren't the only way to look at the problem. I prefer to boil it down to a single main (oversimplified) pro/con for each of the D, A, and C:
Distributed Pro: Resilient to malice or corruption in ways that centralized systems can't be
Distributed Con: Distributed systems are intrinsically more difficult to build efficiently; since decision-makers don't have access to global information
Autonomous Pro: Efficiency, since you don't have to pay management, trading specialists, or oversight.
Autonomous Con: It is damn hard to build an autonomous system that also
interacts with humans.
Corporation (meaning that shareholders profit) Pro: If all shareholders profit, you'll attract a large user/shareholder population.
Corporation Con: This one's an open question in my mind... Seems like some business models, like insurance, work better as a non-profit. But you could probably just say that for insurance, the policyholders are
the shareholders, so of course they benefit.
Then the criterion for a DAC to be feasible is that the sum of all the pros have to outweigh the sum of the cons. That way you can explain why Bitcoin was successful even though its shareholders don't profit: Bitcoin did the D and A parts of DAC well enough that it was able to ignore C.
The "Watchmen DAC" seems to have a weak C, but it could have a very strong D and A.
Just my two cents.