Why the fuck would we even be working on crypto currency if governance worked. Crypto currency would be entirely unnecessary if democracy actually worked.
Good point. The same could be said for corporations. There is no need to blockchain the corporation; the current model works just fine for what it does.
That is an ignorant statement. You must not have ever worked in the corporate world. I work at the largest transfer agent in the world, that has been legally restricted from expanding its footprint, and does business on 5 continents and grosses millions. This company could literally be cut out of the loop with blockchain technology. In the immediate future it is unlikely because the silent generation and baby boomers are horrible with technology, but I see it being a real possibility in the coming decades.
Proxy voting is another costly (but necessary) endeavour for corporations, one that could be done completely on blockchains for pennies on the dollar similar to transfer agent services. I'm sure you've also read in the news about the ways blockchain technology can greatly speed up the time it takes to settle trades and at the same time cut the costs. The costs of accounting... etc...
I think smooth was referring to DACs (the term apparently invented by Daniel Larimer), or the concept that the corporation would be somehow decentralized and yet still be a corporation. If you have voting, directors, etc, then it will still behave as (by definition) a top-down corporation and thus is not decentralized. You can't replace corporate governance with a block chain and still have a corporation.