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226 points cloudfudge | 1 comments | | HN request time: 0s | source
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mmooss ◴[] No.41881857[source]
It's a great start. Co-ops and non-profits can also be subverted and taken over. I hope you look ahead and plan very carefully.

For example, according to an (unverified) story someone told me, a vendor to US east coast food cooperatives now controls many of them; they get their person in, pass bylaws empowering them and disempowering the board (the board usually lacking sophistication), and have deeper pockets for any legal struggle than any co-op member does.

Also, I remember in the news that a non-profit or limited-profit company in the IT industry, founded for the public good, is going to be turned into a for-profit. The board actually fired the person behind this plan, but that person came back and fired the board members.

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__MatrixMan__ ◴[] No.41882450[source]
The FAQ has:

> Is this a crypto thing?

>> No.

I realize that crypto is a bad word for some people, but I think that the above answer has a corollary:

> Does it have a single point of control that will attract corruption if enough of us start using it?

>> Yes

Certainly plenty of poorly designed crypto things also have that point of control, but a well designed crypto thing at least has a shot at resilience.

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theamk ◴[] No.41882792[source]
Smart contracts only affects on-chain stuff, and this deals with real-world things. No smart contract is going to help you if webmasters update website, or if a board decides to add a rule.

See also: NFT delisting.

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Self-Perfection ◴[] No.41884129[source]
But it possible to host a website almost on blockchain (see TON Sites as example) and withdraw certain modification permissions once the contract in launched.

It seems to me that it is possible to implement fully decentralized bandcamp-like site.

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josephg ◴[] No.41885853[source]
I’ve yet to see any useful product built on top of crypto. Can you name any?

(Not including things that just make early adopters rich or simply provide services to other crypto related projects).

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1. portaouflop ◴[] No.41886186[source]
Any day now!