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Related bookmarks: - Are we ready for companies that run themselves? - David Morris - Aeon http://aeon.co/magazine/technology/are-we-ready-for-companies-that-run-themselves/ Related articles: - Decentralized Autonomous Organization https://en.wikipedia.org/wiki/Decentralized%20Autonomous%20Organization - DAC https://en.wikipedia.org/wiki/Decentralized_Autonomous_Organization A Decentralized Autonomous Organization (often abbreviated "DAO"; sometimes referred to as a Fully Automated Business Entity or Distributed Autonomous Corporation/Distributed Autonomous Company, often abbreviated "FAB" or "DAC") is a decentralized network of narrow-AI autonomous agents which perform an output-maximizing production function and which divides its labor into computationally intractable tasks (which it incentivizes humans to do) and tasks which it performs itself.[1][2] It can be thought of as a corporation run without any human involvement under the control of an incorruptible set of business rules. These rules are typically implemented as publicly auditable open-source software distributed across the computers of their stakeholders. A human becomes a stakeholder by buying stock in the company or being paid in that stock to provide services for the company. This stock may entitle its owner to a share of the profits of the DAO, participation in its growth, and/or a say in how it is run.[3]