Of Bitcoins, Independently Wealthy Software, and the Zero-Member LLC

Shawn J. Bayern
2013 Social Science Research Network  
An innovative software technology known as Bitcoin makes it easier for software to operate with some degree of financial autonomy. In a meaningful sense, it is now possible for software to conduct business on its own account, without using the traditional financial system as an intermediary and without a financial existence tied to an existing natural or legal person. This Essay explores this possibility and suggests that legally autonomous entities, such as a limited liability company (LLC)
more » ... h no members, are a useful legal structure for factually autonomous systems.
doi:10.2139/ssrn.2366197 fatcat:cpmu3hhlfvehrnpmlrv6y4troa