This post is an updated version of Long Bet #897. The Bet By 2032, decentralized autonomous organizations (DAOs) and other digitally-constituted organizations will organize more assets and production than traditional, legally-constituted corporations. Why? Legally-constituted corporations are long-standing vehicles for producing commercial goods and services, and they are incredibly effective at doing so. Despite tremendous hype, today’s DAOs are generally less competitive and less efficient ...

This post is an updated version of Long Bet #897. The Bet By 2032, decentralized autonomous organizations (DAOs) and other digitally-constituted organizations will organize more assets and production than traditional, legally-constituted corporations. Why? Legally-constituted corporations are long-standing vehicles for producing commercial goods and services, and they are incredibly effective at doing so. Despite tremendous hype, today’s DAOs are generally less competitive and less efficient ...