DAO Episode 2: Risks Ahead or Can the Experiment Fail?

DAO Episode 2: Risks Ahead or Can the Experiment Fail?

The DAO is grabbing the world’s imagination with disruptive new concepts. We hear it’s decentralized, autonomous, with no CEOs or directors - but can it actually work? Hope may turn around. Many seem to think it will as they send 11 million ethers to the DAO smart contract, but there are considerable risks. Voters may not participate, legal uncertainties may give protection to scammers, the crowd may become emotional and irrational, focus may be lost, hope may turn to hate. For one of the most exciting experiments to flourish a new consciousness may need to arise, replacing the current....


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