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Cake day: March 28th, 2025

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  • I think in some cases DAOs kinda make sense to be legal entities (in some contexts), like a public company is somewhat controlled by its investors, and if you want to create some sort of crypto-related product - im thinking of something like polymarket or opensea here - you could get investment by auctioning off special voting tokens for the DAO that controls it (so if the majority of token holders wanted to, they could for example, change the background of the site, or introduce a new feature). I imagine getting legal recognition of such a company would make this a ton easier.

    Of course, replacing/creating governments with this sorta thing would be insane, but on a lower level, like for companies, it doesn’t seem that bad














  • once they have a monopoly what if the government broke up monopolies, and promoted competition? then you wouldn’t have the large price increase you described afterwards. ofc competition alone cant fix the environmental issues you described, thats probably best solved by some government body, like if they taxed new plastic being produced so companies would be incentivized to recycle what they could. also thx for actually writing a longer reply



  • Competition that is meaningful. Like if you produce bottled water, and you lower the quality of it (like, idk maybe theres stuff floating inside) so its cheaper to make, people will notice and switch to an alternative. And when the alternative tries something similar, they’ll switch back to you. Regulation can also help with this but at the same time it increases the barrier to entry for new players, lowering competition. I think.