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@edsu @GuerillaOntologist Money and legal incorporation are backed by states, which are quasi-democratic institutions backed by a monopoly on violence, semi-accountable to voters. DAOs are backed by blockchains, which are quasi-democratic institutions backed by cryptography and economic incentives, semi-accountable to users who invest in maintaining the network.

Neither is perfect by any means. Each comes with dangers and opportunities. But I wouldn't put all my eggs in either basket.