Bitcoin as a DAC

Jump to: navigation, search

Bitcoin could be viewed as a Distributed/Decentralized Autonomous Corporation/Company. It provides a service, money transmission; it has workers, miners; and it has investors, anyone who owns a coin. However, from the DAC perspective, Bitcoin is a bad allocator of its resources. Although transactions can be free, most people pay to expedite their order. This fee is then given to the miners. It has been proposed that if Bitcoin were to pay its fee to the coin holders instead, then the coin holders would become shareholders, and this behavior would be more corporation-like.