I personally prefer consensus as it pretty much describes what the network is doing .. But I am ok with company ..
what are these legal reasons?
We started off with "corporation" (see "
Bitcoin and the Three Laws of Robotics") because we wanted to communicate the idea that crypto-currencies could be viewed as unmanned businesses and designed like all businesses intended to earn a profit.
We said, rather than think of "Bitcoin, Inc." or "Bitcoin, Ltd.", lets call it "Bitcoin, DAC" to indicate that it is a different kind of company that gets its charter from decentralized autonomy, not from a government.
Then it dawned on us, that we were just dangling bait, offering governments something else to regulate. Not good.
So we switched back to "company" which carries the same connotation of a "business" without the "licensed by government" baggage.
There's nothing wrong with talking about forming a
distributed autonomous consensus as something that a Decentralized Autonomous Company does. But, the two are not interchangable.
Using
Consensus or
Organization is ok if you are trying to convey some unique meaning where such a change helps convey your point.
But our point is that DACs should be first and foremost
for-profit businesses.