Charity DAO – Suffering From The Same Mistakes As The Original DAO?
Given the lack of trust in charity commissions to deliver the raised funds to the right people, such a concept could radically change the way we donate. Most cryptocurrency enthusiasts will remember The DAO, a failed Ethereum-based experiment creating a major crowdfunding effort to deliver nothing in the end. Even though that concept was a disaster, the original team is trying their hand at a new venture. Under the Charity DAO banner, their new effort will focus on bringing transparency and trust to the charitable sector. That seems to be the main question for the time being. It is....
Related News
This week Slock.it CTO Christoph Jentzsch announced a new project called the Charity DAO. The idea comes after the team’s disastrous DAOHub experiment, which had a fatal bug allowing an attacker to drain $150 million in Ether. Interestingly enough, Jentzsch wants to take a stab at the autonomous organization concept once again. After Original DAO Failure....
Matthew Pines lays out China’s plan for world domination while reflecting on Bitcoin and the mistakes FTX made when building their inferior system.
Charity is about dedication, contribution, and gratitude. It not only reflects the pursuit of a noble cause but also brings people joys of selfless dedication. In 2022, CoinEx Charity set up the Multi-Million-Dollar Charity Fund and took charitable actions across the globe, contributing to education equity. As the organization conveys love and warmth, it brings […]
Crypto continues to wax strong as more investors come into the market. Like with any investing, crypto investing comes with its own unique problems. And investors are wont to make mistakes where there is money involved. A recent survey on CryptoVantage has shown the most common mistakes made by investors in the market. The survey […]
Undoing the Undoable. One of the many long standing truths about bitcoin is the permanent nature of all send transactions. Once you've hit send, there is no way to stop it. Right? Wrong says new start-up BITUNDO who claims that they can at least attempt to get your errant payment back to the original sender. Yes, contrary to popular belief, your mistakes might not be mistakes forever. Remember that a transaction is not technically confirmed until it is secured in a block and as part of the blockchain. Until it is secured in the blockchain and confirmed for the first time, technically no....