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RE: Steemit: Showing Why We Need To Get Rid Of Private Companies
I love the concept of a DAC but I don't see how this works with heavy engineering. But it does fit well in software space where you can bring small components together into one distributed systems. But can you imagine an aeroplane or a highway being built this way? When no one entity has authority over the final product?
One entity does have authority. The DAC itself. Is there really that much difference in having 10000 board members instead of 10?
Having tried to deal with 5 board members I would say yes !