It will not make sense to run a corporation entirely onchain for a long time

director of product @seedclub. we built @crowdfund. i design & dev social, crypto, and ai soffware. i interview crypto builders @ web3galaxybrain.com.

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I certainly wouldn’t be holding my breath

people talk about onchain companies. they mean entirely onchain

What do you mean by entirely onchain, there are a lot transactional components to a corporation machine

Of course may not make sense for many standard businesses, but IMO biggest problem with most daos is flat structure and with a hierarchy /part centralization a lot of interesting possibilities open up. Traditional opaque banking or not, that's not super important IMO .. would need considerations with staff, clients etc

Start from what real businesses really need, and work from there, instead of from ideologically driven ideal behavior. Why would a business owner throw away private internal banking when they can use crypto and trad biz entities and banking in concert.

replace onchain with online and this statement is still accurate

Agreed

Well before that we’ll see thriving onchain communities that are valued more than most corporations

Start with offering crypto payment options on one end, and supply chain tracking on the other. I think these are the most useful starting points. Companies should get those right before moving things on chain to just do it.