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RE: Steem, corporate governance and value - a new way of thinking?
This instantly made me think about cryptocurrency in general. I think as more chains are built, power structures would turn into something rounder. Just like the above. I'm very intrigued by this and wish to know more about it. Thanks for the info!
I love the idea of blockchains. That is an interesting view on them that it would round the structures out! I believe they really could be a great equalizier in many aspects of life. It will inherently move us away from centralized, hierarchical type structures where most of the power lies at the top, to more distributed ones. This would give everyone more of a voice and more wealth/capital in all its forms
What an interesting idea - power structures becoming rounder. Thank you, Kevin, you've given me an entirely different angle (as it were) to view this discussion from. I wonder how many companies report on how "round" they are? Could be a powerful visual.
I've been writing this series from the perspective of a non-traditional board which has already adopted Integrated Management into its DNA. Introducing cryptocurrency and the blockchain into this mix could further revolutionise corporate governance. I've heard of some companies experimenting with going completely virtual on the blockchain, with mixed outcomes (one programmer rewrote a vital bit of code and diverted a lot of funds to himself - but does that ruin the story of virtual governance? I don't think so - clearly that was a failure of oversight over the Smart Contract authors). How do we envision a world where P2P transactions are in cryptocurrency, and how does the blockchain influence governance for the better?
I think I'll further elaborate this in a post. Been writing some abstractly similar in the past, just broad-stroke concepts. I don't think it stops just being at a corporate / firm level, but it extends to individuals having a web of cryptos instead of being just tied down to pretty much inert fiat currency, with causes and effects that are not so responsive / tied with other parameters in the many different moving parts of society. Hmm..
Sorry but i think your comment and this post is quite the nonsense esp here at steemit when so many anarchy and anarchy-capitalist nonsense are floating around. IR is more for compliance rather than really wanting to do it for the sake of doing it. Companies doing it is more for promoting themselves as a "oh i am so transparent likk glass" and marketing shit. Most of their IR reports have many loopholes.
How to report cryto as that when it is highly decentralised.