On: Dawn of Autonomous Corporations, Powered by Bitcoi...

[DannyBee]

Yes. Corporations are legal fictions, and have their own set of legal rules. Besides being resolvable, they exist somewhere. They are registered/incorporated/created/etc. There is some jurisdiction. There is usually an agent.

There are all sorts of agency/etc laws that would have to be built to support such a system.

Corporation is literally the wrong word for what this describes.

[crystaln → DannyBee]

Carriages are pulled by horses. So I suppose horseless carriage was the wrong word?

Language evolved, often creating interesting contradictory terms. "Autonomous corporation" is not the same word as "corporation."

[epi8 → crystaln]

A "horseless carriage" may be a bit of a contradiction, from a certain point of view, but we don't have a strict definition of what is and what isn't a carriage, so it's not particularly misleading. We have a very strict definition of a corporation, so "autonomous corporation" is misleading. True, language evolves, but the law hasn't yet.