Fri. 09/23 – Are DAO’s NOT A Liability Shield?
Tech Brew Ride Home
Amalgamated Internets, LLC
4.7 • 1K Ratings
🗓️ 23 September 2022
⏱️ 19 minutes
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| 0:00.0 | Welcome to the Tech Meme Ride Home for Friday, September 23rd, 2022. |
| 0:08.2 | I'm Brian McCullough today. |
| 0:10.0 | If Dow's are a modern blockchain take on the corporation, I've got a big worrying thing to tell you about them. |
| 0:16.0 | Apple looks to cozy up to the NFL as Amazon seems to have found immediate success with Thursday night football. |
| 0:23.0 | Fit takes a page out of the Oculus Playbook, |
| 0:26.0 | post acquisition, and of course, |
| 0:28.0 | the weekend long read suggestions. |
| 0:30.0 | Here's what you miss today in the world of tech. |
| 0:35.4 | The Commodity Futures Trading Commission has fined blockchain protocol B0X and its team $250,000 for illegal off-exchanged digital asset trading and has filed a |
| 0:49.2 | civil action against its successor, the Uki Dow. Now, before your eyes roll back in your head |
| 0:56.5 | because you're like, Brian, is this another crypto story that's just blah blah blah |
| 1:00.0 | blah blah blah blah blah blah blah I can't even follow it, whatever. |
| 1:03.0 | Let me tell you that this is actually a pretty big deal because you know how people form corporations |
| 1:08.6 | because one of the benefits of corporations is you're shielded from personal legal liability. |
| 1:14.0 | Well, a Dow is like a corporation on the blockchain right, |
| 1:18.0 | but the CFTC has effectively said |
| 1:21.0 | DALs are not a way to displace or avoid legal liability. |
| 1:26.0 | Quoting Robert Bryden on Twitter. |
| 1:28.8 | Remember when Dow folks were making very poor choices and we were all wondering if every token holder was in an unregistered |
| 1:35.0 | partnership with joint and severe liability. |
| 1:38.0 | Well, CFTC appears to think that is how Dals work to end quote |
| 1:43.6 | quoting from coin desk. |
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