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Show HN: Aragon – Everything you need to run your company on Ethereum

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Re: Show HN: Aragon – Everything you need to run your company on Ethereum

#11

Post by izqui »

JorgeGT wrote: post #6
ggoerlich wrote: post #4

I don't get the "shareholder" scenario. How can this work with any legal and/or financial/banking regulations?

Or the "Adding a new employee to your payroll is as easy as creating a recurring payment" scenario. Good luck having the Spanish Social Security Institute accept the mandatory monthly payments (cotizaciones) in ETH...

Bad assumption there, Aragon companies will be able to handle tokenized fiat (USD, EUR, etc). Santander is working on a stable coin project to tokenize EUR and USD http://www.coindesk.com/santander-vies-become-first-bank-iss...

Re: Show HN: Aragon – Everything you need to run your company on Ethereum

#12

Post by izqui »

seagreen wrote: post #10
izqui wrote: post #3

This is Jorge, Tech Lead at Aragon, a platform for creating companies on top of the Ethereum blockchain (DACs). Here is our launch post and mission statement: https://medium.com/aragondec/introducing-aragon-unstoppable-... We are still early, but we are now in Alpha stage. We have published a small sneak peek of what we are building on aragon.one so you can try out how managing an Aragon company will be like. Our amb…

What language are the contracts written in? Do you have a specification of that language? EDIT: Nevermind, I see in an another comment that you're using Solidity. Thanks for the answer! Now I have a new question. What do you think about the claim that, "Solidity, while being an interesting proof of concept, is dangerously under-contained and very difficult to analyze statically." ( http://www.stephendiehl.com/posts/s…

Solidity http://solidity.readthedocs.io

Re: Show HN: Aragon – Everything you need to run your company on Ethereum

#14

Post by izqui »

theamk wrote: post #9

I know this is old news, but I still have to say this: So if someone installs malware on your laptop, they get to own your shares forever? Living dangerously, man!

That's why the needed security measures need to be in place.

Using a hardware wallet like Ledger rules that scenario out.

Re: Show HN: Aragon – Everything you need to run your company on Ethereum

#15

Post by izqui »

seagreen wrote: post #10
izqui wrote: post #3

This is Jorge, Tech Lead at Aragon, a platform for creating companies on top of the Ethereum blockchain (DACs). Here is our launch post and mission statement: https://medium.com/aragondec/introducing-aragon-unstoppable-... We are still early, but we are now in Alpha stage. We have published a small sneak peek of what we are building on aragon.one so you can try out how managing an Aragon company will be like. Our amb…

What language are the contracts written in? Do you have a specification of that language? EDIT: Nevermind, I see in an another comment that you're using Solidity. Thanks for the answer! Now I have a new question. What do you think about the claim that, "Solidity, while being an interesting proof of concept, is dangerously under-contained and very difficult to analyze statically." ( http://www.stephendiehl.com/posts/s…

I think that Solidity is quickly getting ready for prime time and in 2017 we will see tons of very big and high stake projects getting deployed.

That being said, there are already projects like http://rouleth.com that has been managing an over $100k bankroll with no issues for 8 months now.

To sum up, if the needed security measures are taken, you should be good. And we won't be encouraging anyone to run a company with Aragon in production for the next months until proper security audits have been done.

Re: Show HN: Aragon – Everything you need to run your company on Ethereum

#16

Post by izqui »

Alex3917 wrote: post #8
izqui wrote: post #3

This is Jorge, Tech Lead at Aragon, a platform for creating companies on top of the Ethereum blockchain (DACs). Here is our launch post and mission statement: https://medium.com/aragondec/introducing-aragon-unstoppable-... We are still early, but we are now in Alpha stage. We have published a small sneak peek of what we are building on aragon.one so you can try out how managing an Aragon company will be like. Our amb…

Conceptually I like the idea of running our company on this. But do you have any sort of insurance in case something goes horribly wrong? I'd probably be willing to use this for a side project, but I feel like the prospect of saving even a substantial amount of legal fees isn't enough to risk everything on a new technology that would be a full-time job to actually understand. That's not to say it's not a good idea, b…

I completely agree, insurance and proper bug bounty mechanisms are being worked on.

Re: Show HN: Aragon – Everything you need to run your company on Ethereum

#17

Post by JorgeGT »

izqui wrote: post #11
JorgeGT wrote: post #6

Earlier quoted context omitted.

Or the "Adding a new employee to your payroll is as easy as creating a recurring payment" scenario. Good luck having the Spanish Social Security Institute accept the mandatory monthly payments (cotizaciones) in ETH...

Bad assumption there, Aragon companies will be able to handle tokenized fiat (USD, EUR, etc). Santander is working on a stable coin project to tokenize EUR and USD http://www.coindesk.com/santander-vies-become-first-bank-iss...

Your link talks about a conceptual project that isn't in any way running yet nor has been approved by the National Bank of Spain. How can Aragon companies comply with their INSS obligations today?

Re: Show HN: Aragon – Everything you need to run your company on Ethereum

#18

Post by monkmartinez »

izqui wrote: post #3

This is Jorge, Tech Lead at Aragon, a platform for creating companies on top of the Ethereum blockchain (DACs). Here is our launch post and mission statement: https://medium.com/aragondec/introducing-aragon-unstoppable-... We are still early, but we are now in Alpha stage. We have published a small sneak peek of what we are building on aragon.one so you can try out how managing an Aragon company will be like. Our amb…

The launch post seems to say that Ethereum|Aragon can solve the nation state problem, taxes and a whole host of other "problems" associated with running a business.

How?

How does Aragon eliminate the IRS or DIAN if you are doing business in America or Colombia, respectively?

How does it eliminate regulations on interstate and international commerce?

What companies would actually use this to run their verses say Quickbooks, right now?

What companies have been built on Ethereum so far and how have the principals done with regard to taxes and tariffs?

Re: Show HN: Aragon – Everything you need to run your company on Ethereum

#20

Post by monkmartinez »

izqui wrote: post #11
JorgeGT wrote: post #6

Earlier quoted context omitted.

Or the "Adding a new employee to your payroll is as easy as creating a recurring payment" scenario. Good luck having the Spanish Social Security Institute accept the mandatory monthly payments (cotizaciones) in ETH...

Bad assumption there, Aragon companies will be able to handle tokenized fiat (USD, EUR, etc). Santander is working on a stable coin project to tokenize EUR and USD http://www.coindesk.com/santander-vies-become-first-bank-iss...

What would the stable coin look like? I mean, we already have 700+[1] "coins." we are way passed the ridiculous stage on that front.

[1] - https://en.wikipedia.org/wiki/List_of_cryptocurrencies

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