CAUMFs might act as a fairly small layer on top of other services
If this was as easy as downloading a package over npm, it seems like an obviously good idea. But overall my impression is that this would have way too much overhead in terms of legal headache and coordination required might be pretty great.
Could we do this as a DAO
The thing this might be pointing at is that writing smarts contracts to manipulate money right now seems more convenient on a blockchain than ~anywhere else. Like, Iām sure that stripe has some API, but implementing something like a dominant assurance contract with normal money API would be arduous, but doable in some blockchain. It could even be the Binance blockchain (which is not decentralized), for all I care.
Overall my impression is that this might be an idea to keep in mind, but that the infrastructure is just not there yet.
If this was as easy as downloading a package over npm, it seems like an obviously good idea. But overall my impression is that this would have way too much overhead in terms of legal headache and coordination required might be pretty great.
The thing this might be pointing at is that writing smarts contracts to manipulate money right now seems more convenient on a blockchain than ~anywhere else. Like, Iām sure that stripe has some API, but implementing something like a dominant assurance contract with normal money API would be arduous, but doable in some blockchain. It could even be the Binance blockchain (which is not decentralized), for all I care.
Overall my impression is that this might be an idea to keep in mind, but that the infrastructure is just not there yet.