DACs VS the Corporation


Very good article.

Thank you for posting this. I guess I never really understood the potential of decentralized technology outside the realm of currency. So the Nu network would be considered a DAC, and itā€™s primary business at the moment is the creation and maintenance of a stable cryptocurrency. What other goals could Nu evolve to?

IMO, Nu is 21st century bank, both commercial and central bank. Issue currency, maintain curency buy power, provide international remittance, and in future may provide other services such as message, exchange, etc

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I forgot for a second that Nu is an implementation of PeerShares. I guess my question is more related to that, though I do hope Nu will reach the topics you mentioned :wink:

Sunny King also said Nu is a DAC.