Public Policy #3 - (Presumptive) Transparency

[drllau]

Using the COALA Model Law for DAO (drllau [commentary] ) iterate over LexDAO's policy stance wrt DAO legislation (continuous improvement) with the latest Wyoming LLC DAO [amendment] for hackathon.

DAO Imperfect Open Source

COALA commentary

COALA advocates the whole software code must be in open source.

The public policy goal requiring a
company to have a name to distinguish one company from another is met by the
identification of a Public Address of a DAO, which may be considered its default
name in the absence of a unique name communicated by Public Signaling. Thistransparency
Public Address is communicated publicly as part of the requirement in Article
4(1)(c) to have the whole software code of the DAO published in Open Source
Format.

LexDAO position (OpenSource vs Mandatory Commons)

Whilst LexDAO is a strong advocate of open source for public goods, there are situations with common, club or even private goods where mandatory be forced into AGPL style licensing may not achieve socioeconomic objects.

Difference

Code should be open to extent public trust is encouraged but reservations whether mandatory total commons might have unanticipated drawbacks in discouraging innovation competition (which is partly driven by asymmetric information).