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No one needs smart contracts. And the value proposition of Ethereum will require an inordinate need for ether in order to support the mining requirements of the chain. This project is a scam

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Personally I'd be happy to pay way over market hosting rates to host, say, my articles of incorporation, equity trades, and accounts receivable. That seems like one of the most exciting uses of ethereum to me. Write a plugin to "export to IRS".

Why not just use a database? what do you think the advantage of using Ethereum for this is?

no more annoying financial audits?

Each party can audit the contracts and infrastructure at any time.

There's also an easy path for a dissenting quorum to reincorporate on their own.

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