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...
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?
It is a responsibility of the individual to follow the laws of her jurisdiction. It is a global project, so we won't be working with every local regulatory body.
Aragon is creating a framework (as an open source project) for running Blockchain companies. We don't provide legal advice nor services, we don't take any responsibility for a hypothetic bad usage of our software.
Then I don't see why you choose to say "Death to paperwork. Avoid useless intermediaries" in your website if I still have to do all the required paperwork, same as before, plus now I need more useless intermediaries to convert ETH into fiat to pay the taxman, the bookkeeper...
People say 'stable coins' as if it's a simple matter to create them. There have already been several cryptocurrencies that were meant to be locked in value to a real-world currency or commodity. They all fail in the end, and any system relying on them will collapse when the values diverge.
You cannot perfectly link a real world item to a digital asset without losing the 'trust-free' nature of cryptocoins. You always end up having to trust someone. And once you do that, you've lost all of the advantages of the digital asset.
A stable coin is a token that, using some mechanism, is able to hold a stable value. The most prominent group trying to make this work using ethereum, I think, is http://makerdao.com/docs/.
A real-world warranty, which means you can't rely on it. You might own as many EthUSD tokens as you want but you can never be sure that someone will buy them from you at the 'fixed' price.
I added to the 1PPM README file, that a contribution to an open source project is a perfectly valid and highly encouraged project. Thanks for your remark.
That's what it's all about: to get something done and learn new things instead of (or in addition to) those long running, never finished side projects. I have a long running project too, 1PPM are my side-side projects.
What worries me a bit in this idea is that it takes a surprising amount of time to polish a project so that it is "done". Or at least left in a state where it is easy to pick up later, by yourself or someone else.
I have tons of projects where the "beef" is mostly done but README, example code, tests, etc are lacking.
Starting a project takes surprisingly long too. Setting up a build system, test framework, CI builds etc always take much longer than I anticipate.
