<p>A vastly underrated factor in the dramatic economic growth, innovation, and resulting lifestyle improvements of the past ~200 years has been the limited liability corporation.</p>
<p>While this legal entity has (and will continue) to power great things, it has limitations.</p>
<p>The Bisq DAO is a model for a new paradigm that enables initiatives to proliferate independent of the state (no state/political approval needed), fueled by the activity of anyone who chooses to participate (no boss/office politics approval needed), where the cycle of funding and market validation flows directly from consumers to producers (no investor approval/social politics needed).</p>
<p>We should be careful not to suggest this as a 'successor' to the corporation, but rather as a new model that fixes some elements of other models, that may make sense in some applications.</p>
<p><a href="https://blog.ethereum.org/2014/05/06/daos-dacs-das-and-more-an-incomplete-terminology-guide/" rel="nofollow">Vitalik Buterin's essay on DAOs</a> from a while ago might be a good reference, along with some high-level history of the corporation.</p>

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