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RE: The World Is Changing: DAC Governance
Thanks for sharing this with us. Very interesting and informative.
You wrote:
If we do business as a DAC, we may be considered a partnership among every member meaning every member is at risk based on the actions of every other member.
I don't understand this can you please elaborate a little more.
Great post.
Joy
Again, I'm not a lawyer, but as I'm working to understand how this works, it seems if we're not a corporate entity like a normal government-created legal corporation, then we'll be seen by governments as an association. In an association, everyone is responsible and liable for everyone else. That means if we had a DAC of 100,000 people and one person did something bad, then all 100,000 people could be considered responsible. If any of those 100,000 are publicly known, they could be targets for litigation.
So we do need the steem monitors after all......wonderful.
And wonderful...lol
joy
It won't be a partnership as the maximum for most states is 100 partners.