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 ...