decorum and precepts of the Delaware General Corporation Law.” At which point I did clone the “DeoxyriboNucleic Acid” of Delaware’s company laws in 129 characters just under Twitter’s 140 character limit.
Also unlike most other DAOs, I proudly plaster my terrestrial mailing address and I use it as the Registered Office for the “Digital Delaware Clone.” This gives my DAO more “meat” and more “teeth.” The reason for this is because a critically key component of being in business and recognized as such is the ability to sue and be sued. The processing of legal papers electronically is still very much in its infancy. Not that I want to encourage anyone to sue J X STARR PARTNERS, but hiding behind Tor browsers, generic contact forms, and private Whois listings doesn’t help someone with a legitimate grievance or gripe. Not that I besmirch usage of those services as they can be vital to keep purveyors safe and in some cases alive.
The conventional responsa to the polemic I’ve put forth is that rating and reputation systems will take care of legitimate grievances. Think of a more comprehensive expanded version of Amazon, eBay, Ripoffreport.com, and Yelp. The theory holds that people will vote with their money and reward companies with independently verifiable and trustworthy reputations. Companies that mistreat customers will be publically shamed by a digital version of Arnold Diaz. Fair enough.
Free-market sages also champion usage of arbitration agencies such as the kind big players in the cable television, cell phone, and credit card industries routinely employ. This can be a more cost-effective manner of adjudicating controversies. Plus it unclogs the courts and depending on the circumstances can protect the privacy of victims better as proceedings are not necessarily published in the public record. Regrettably my favorite online based arbitration agencies namely Judge.Me and eQuibbly.com are no longer actively in business. So I was unable to insert their recommended arbitration clauses into my company’s founding document.
My country Bitnation still does not have its arbitration service up and running yet otherwise, I would have selected to place it in my company’s founding document. Instead, I opted for a tech savvy tropical paradise and designated the London Court of International Arbitration in Mauritius as the arbitration agency for J X STARR PARTNERS. If cases can’t be done online then a trip to a beautiful country sure beats a trip to the cold of Delaware or London. Granted, J X STARR PARTNERS is more of a proof of concept enterprise at this point and so a beachside massage at Flic en Flac after wrapping up a case is probably out of the cards in the near future.