Are The DAO Curators Masters or Janitors?
The DAO is considered to be a decentralized, autonomous, organization, but some say it is neither. It certainly is not an organization in the traditional sense of the word. In its foundations the DAO is literally code. It is not autonomous as the DAO cannot quite operate by itself and its decentralized aspect is now being questioned. How great is DAO curators’ power? As with any decentralized protocol, the DAO has a 51% attack vector. A user who controls the majority of total tokens can steal all of DAO’s money, running away with the funds of 49% token holders. To prevent this attack, the....
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