First, thanks for sharing this @crypto.piotr.

Secondly, for me (please elaborate @blockshine if I am not getting it right), this is ICO's with finally the necessary "bridge of commitment" from the law. Declaring that the LCO'od assets are in fact bound as legal ownership.

My doubts though are (aside from the software development responsibilities and code disputes), in similar to other users comments, what is the asset considered in financial terms?

Are you saying it can be any of: "cash, debt and equity"

If so, this will be the same as a "normal coin" for purposes of taxes, etc. Which brings me to the next question, that is, who sets the initial value? The company value? will these represent company shares? usually in the fiat world, this translates to the sale of an asset or business value, that people can either estimated valuations or actually validate real numbers.

Because on most ICO's, there is no such way to predict the value of a token before the ICO finishes. Allowing a set of rules (usually from the whitepaper) that dictate how the price can flow during the ICO, some use static capped valorization, others infinite dynamic prices, etc...

Would be interesting to understand how you propose this via LCO's.

I am curious about the generalized idea, you exposed. For me, if this solves crypto bounding rights (making governments to easily accept the technology) that are so difficult to adapt to crypto (usually resulting in heavy and complex KYC and AML rules that do not necessarily are in compliance with the technology), then it could change the scope of many things in crypto. Especially on the contracts side, where I would expect certain standards of compliance to be enforced (in order to be considered an LCO). Especially because of the interest in how something like this could be completely separate from code development and at the same time possible to incorporate via blockchain via automatic procedures, similar to Ricardian contracts on EOS.

Anyway, you made me think about all the experiments people do with software, and how crazy hard and political this could become.

one thing is for sure, the job demand for a lawyer, financial analyst, or a political figure will skyrocket if cryptos become so mainstream legal as this could be - not for me though.