Organizational CaseClaim Cited
The DAO (2016): code, fork, and authority outside the contract
The DAO tried to let dispersed token holders direct a venture-funding organization through inspectable Ethereum contracts rather than a conventional manager. Its 2016 exploit and the emergency response revealed that code had redistributed authority among authors, curators, security researchers, client developers, miners, exchanges, and users rather than eliminating it.
When an organization promises to replace managerial discretion with inspectable code, who governs when the code produces an intolerable result?