(1) Okay, let's assume that. It's not exactly an outrageous assumption -- Bitcoin has been operating for 7 years. Ethereum has been around for 1 year, but even if it fails, there will be other smart contract platforms perhaps even on the Bitcoin chain (i.e. Rootstock).
(2) Sorry, not following you. I never said or implied anything of the sort. I don't see how that's a central issue to our discussion, but perhaps you can educate me.
That's what I'm saying. The next generation of companies will have all of the tools and technologies to enable that distributed ownership. It's early days, but "decentralized Uber" Arcade City is doing precisely that.
Sorry, my fault for not being clear. I didn't mean that digital equity would empower employees to circumvent company policies.
Rather digital equity and governance systems [1] that are currently being built around blockchain and decentralized projects simply take a much more egalitarian and healthy approach to distributing ownership in the first place. And, hey, if you want to use equity as an incentive for retaining employees, you still can do that using (for instance) a smart contract in a way that is fair and not concentrated as a power in the signature of a single person.
At the end of the day, traditional private equity whether it is an investment or as compensation has a lot of problems, as I'm sure HN readers on here know very well.
This is why what is happening with the digitization of private equity through blockchain technologies is going to make this kind of thing completely obsolete.
Not even. If you know what a tree is, and you've written a couple of recursive problems on trees in your life, then you know most of them are approximately 5-6 lines of code.
If you're spending 45 minutes writing 5 lines of code, it is not definitive, but certainly a red flag.