Autonomous corporations based on Bitcoin, Namecoin and Bitmessage

[virtualmaster]

Autonomous corporations based on Bitcoin, Namecoin and Bitmessage
http://btcgeek.com/dawn-of-autonomous-corporations/

Very cool idea.
The corporation is in the cloud.  Like a Napster 2.0.
Communication is private with Bitmessage.
Identities are pseudonymous with Namecoin id/. Contracts are made in the  Namecoin namespace contracts/. http://dot-bit.org/forum/viewtopic.php?f=2&t=1074&hilit=contracts
Payments are made with Bitcoin.
It is not based physically on any country and cannot be closed by any country.

[MAbtc]

How are these corporations? Isn't a corporation, by definition, created by government? Anyway, just semantics, I guess.

[jdbtracker]

I thought about it too.

Bitcoin: Currency for the Autonomous agent to use.
Namecoin: Decentralized distributed computer to computer linkage through the internet, would make it impossible to take down.
Open Transaction: A software suite for the agent to manage it's finances securely.
Bitmessage: distributed protocol for it to communicate with other autonomous agents with OT.
Hadoop: a distributed cpu/storage system to enhance A.I. and create a marketplace for it to gain services... it would learn so much if there are thousands of users that are offering it storage space in private hard drives. It could pay people to gain cpu cycles.

plus a extra module a program that distributes thinking power, BitThink. The p2p Bink of distributed computing that it could use to solve problems.

In the legal scope these corporations would never have to be approved by government, just by the people who use them, and if the programmer who builds it makes it so that the program distributes it's profits only keeping enough to pay it's own needs and future expansion... this would change the world. who could compete with a corporation of autonomous agents that does not have employees and only share holders.

[c0rw1n]

I have a question on that.

Say I open a company NoServ, Ltd.
Then have that company found p2pox, ltd. This company registers the hosting of an autonomous agent that pays for its continued existence.
Then I dissolve the NoServ company.

Is the agent now an independent, legally recognized entity?

Now the interesting part is with APIs. The agents could reproduce into other hostings. That would almost qualify them as a life form...

[No_2]

Nice idea. Need to fix Namecoin or generate a better decentralised (PoW/PoS) based DNS system first though.