#THEDAO: Broken, but worth fixing

tl;dr – there’s a thing called THEDAO, and it’s almost irredeemably broken. In many, many ways.  This blog post doesn’t discuss the economic or game-theoretic aspects of its brokenness – this piece by Bitshares’ Dan Larimer over at Steemit.com does so very capably, so there’s no need to duplicate that work. My expertise in this field relates to how people use blockchains to automate organisational governance, and in particular, legal aspects surrounding their use. So the rest of this blog post focuses on that.  Suffice it to say, none of the below is intended to be, nor should it be construed as, legal advice. …