DACs

[johncitizen]

Daniel Larimer is the grandfather of the DAC.

Head over to Invictus Innovations and be sure to read the whitepaper.

DACs are going to blow your mind this year.

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[CIYAM]

I am pretty sure that the C in DAC as far as Dan Larimer is concerned is "corporation" not "company".

I have not heard of Szabo's theory - so perhaps you should create a new topic about it (as this topic is about "Dan Larimer's" idea AFAIA).

[CIYAM]

You shouldn't be so sure of things.

Okay - but in any case a "company" is still generally considered to be more of a commercial enterprise than a military one.

(yes I know that the term "company" is also used in military but I think most civilians are not so aware of this so you really are *reaching* with that)

[benjyz]

nation states define their own law, which defines the corporation. DAC's are not recognized by states. All contracts therefore are not enforceable through traditional law, which makes the agreements pretty much useless for most purposes. there are many interesting theoretical questions, but it seems to me its almost impossible to address those at present.