Current initiatives out of Wyoming could limit the time and cost of forming a DAO with an underlying LLC structure. OtoCo and Ricardian are developing solutions to automate these processes.
One abstraction to explain DAOs is that it is a bank account on a blockchain. A group of people can collectively manage and control assets and resources - basically something like a fully anarchistic organization that is not dependent on the state.
On hedging risk – IPFS is a distributed file system that aims to connect all computing devices to the same file system.
Decentralized systems already existed when the Internet was invented. The emergence of blockchain domains not only enable resistance to censorship or a shift toward self-ownership, but also facilitates payments with cryptocurrencies, which could encourage further proliferation of digital assets.
Non-custodial wallets are able to avoid the regulatory burdens that centralized custodial products have to deal with (whether KYC, AML, MTL, etc.) and give absolute control and custody - allowing users to become their own bank.