Comment by noloblo | Hacker News Reader

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Comment by noloblo | Hacker News Reader

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maker of sushi-swap dex incorporated as a company perhaps a c-corp unnecessarily

SushiDAO created a legal entity “to reduce liability” and then that entity and an individual associated with it got subpoenaed.

PSA: if there’s an entity, it’s not a Decentralized Autonomous Organization

sushiswap: https://www.sushi.com/

$SUSHI coin: https://coinmarketcap.com/currencies/sushiswap/

SBF on sushi-swap: https://www.forbes.com/sites/tatianakoffman/2020/09/06/exclu...

SBF the white-knight saved sushi swap https://decrypt.co/41606/the-man-who-saved-sushiswap

> PSA: if there’s an entity, it’s not a Decentralized Autonomous Organization

I don't completely agree, because a DAO like SushiDAO could lose it's websites and social media accounts, but the total value locked in it's smart contracts would not immediately change. (in the same way as a normal legal entity) These types of contracts are usually governed with their token, which would persist if the legal entity and current developers disappeared. Though, without a way for users to interact with the contract, I would imagine most of the total value locked would move away from the contracts afterwards.

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