[2016-06-04] The DAO Considers Peerplays Investment In Exchange For 5% Stake

[jdebunt]

What makes Peerplays even more interesting is how the company labels itself as a DAC, rather than a DAO. This is due to Peerplays being a decentralized autonomous Co-op. By offering both stakeholder voting and distributing fees through an automated profit-sharing program, the company is making a name for itself.

http://themerkle.com/the-dao-considers-peerplays-investment-in-exchange-for-5-stake/

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[TraderTimm]

This buzzword-application of "Decentralized" to everything is ridiculous.

You can't really be a decentralized corporation, because by definition, you are INCORPORATED somewhere. Saying "the blockchain" doesn't count. By not really being incorporated, you don't have the legal protections or rights as a corporation. So you might as well just call yourself "Decentralized Sovereign Citizen", but saying it won't make it so.

This jargon bullshit is similar to the old 1999 - 2000 tech bubble, where having the right alphabet soup of empty nonsense-words was used to get financing that even the VC's didn't fully understand what they were backing. It didn't end well, and I doubt this will either.