Post
Topic
Board Development & Technical Discussion
Re: DACs
by
coinrevo
on 01/02/2014, 13:46:44 UTC
Here is a recent article, quoting Mike. This uptake in the concept can be attributed to the last couple of weeks.

http://www.economist.com/blogs/babbage/2014/01/computer-corporations

Quote
Others disagree. "Lots of people will throw the term [DACs] around without really understanding it," says Mike Hearn, a Google engineer and Bitcoin developer. He prefers the term "autonomous agent" as a more useful metaphor. For such agents to exist, he says, "you need trusted computing to work well and it never has. So it'd require new hardware to be deployed."

In Mr Hearn's view, no true DAC currently exists. He speculates that the first will be some form of decentralised online storage, a kind of "distributed DropBox".

Interestingly the articles start with this:

Quote
MITT ROMNEY, the defeated American presidential candidate, once declared while campaigning that “corporations are people"