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Topic: DAO critique, feel free to correct it. (Read 540 times)

legendary
Activity: 1470
Merit: 1010
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May 09, 2016, 12:44:22 PM
#3
post 1 = Haters
post 2 = Dumbers

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So this is just a burn?
'The DAO' tokens a created by burning ETH?

The word 'funding' is used:
"100 DAO tokens being created for every 1 ether in funding"

Funds imply right to spend.
Who gets to spend the ETH on what?

Or are the 'funding' ETH locked up permanently? (aka burned)
legendary
Activity: 2184
Merit: 1024
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Haters gonna hate.

Or in this case...

Dumbers gonna dumb.
legendary
Activity: 1453
Merit: 1030


Deleted, as there is no discussion.
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