What We Can Learn From The DAO

What We Can Learn From The DAO

I have been asked about "The DAO” numerous times since its launch, and was planning to make my views known. But the recent situation precipitated this post, and as a result, this will include analysis, lessons and recommendations for the future. Over the past month, I have given two public warnings about The DAO, primarily that the amount of money it raised was too high. Second, I felt that the complexity of its governance and sole dependence on smart contracts were a ticking bomb. I thought there was too much on the table all at once. I strongly believed that the same experimentation....


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