Ep. 407 - Why Crypto Works with Adam Back and Arnab Naskar
CRYPTO 101
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Capital Formation and Contracts Governing That
There are, you know, i think the concept of a capital formation and contracts governing that. Now, i guess, i guess the problem is, if there's a sort of discretionary management and in a physical activity needed to fulfil that. It's ultimately controlled by humans. And it's probably fair to say that none of the am a sort of icos have successfully made a product, so there were never any profits to share. But i think there are other simpler senarios where you could have some kind of discentralized capital formation.
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