It is a reasonable idea, that is simple enough that any fairly competent person in the field could predict comming.
I think it is met with both enthusiasm and some criticism, because some vectors of exploitation and their prevention are not discussed by Vitalik.
I even see that The ABYSS ICO are heavily promoting themselves as a DAICO. I am curious if this will bring them any more benefits.
Topic: DAICO - what are your thoughts about it? (Read 87 times)
I have a very mixed opinion about this coin, too. I'm betting on the good old Ripple and NEO in the last time
I cant find relevant discussion by searching, so sorry if it's duplicate...
Vitalik recently posted his thoughts on "improving" ICO model by combining it with some DAO features:
https://ethresear.ch/t/explanation-of-daicos/465
I have really mixed feelings about this one. It may work well if amount of participants in said DAICO is very large, otherwise future of the project can be and will be heavily manipulated. It's common practice in conventional investment models when people "buying in" into board seats, bribe/make alliance with other board members and do whatever they want with company otherwise.
Would love to hear your thoughts about it. Thank you.
Vitalik recently posted his thoughts on "improving" ICO model by combining it with some DAO features:
https://ethresear.ch/t/explanation-of-daicos/465
I have really mixed feelings about this one. It may work well if amount of participants in said DAICO is very large, otherwise future of the project can be and will be heavily manipulated. It's common practice in conventional investment models when people "buying in" into board seats, bribe/make alliance with other board members and do whatever they want with company otherwise.
Would love to hear your thoughts about it. Thank you.
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