BitShares Forum
Other => Random Discussion => Topic started by: particlewave on March 15, 2016, 09:58:37 pm
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Imagine a programmer creates a smart contract as an investment firm. This DAC generates portfolios, takes on investors (most of which are smart contracts themselves), and makes investments based on algos, news feeds, risk management, etc. After a prescribed period of time (or autonomously) the board of directors (also a program function) fires the CEO, the programmer who created the smart contract. The DAC uploads the tax code of its country of origin, creates a strategy to pay little or no taxes, or just ignores all global tax revenue collection agencies. This one DAC now has tens of thousands of investors world wide. A few are direct biological investors, but most are other DACs! :o