Topic: The DAO (Read 3309 times)

"D.A.O. Technology, it's a Revolution." HAahhahahah ROFL

HODL DAO, someday all that hold will be happy

I wish The DAO framework will be used in applications not merely economic, like transparent national elections or referendum.
This world needs more honest procedures.

I wish The DAO framework will be used in applications not merely economic, like transparent national elections or referendum.
This world needs more honest procedures.

HODL DAO, someday all that hold will be happy

Thanks for sharing that epistle from CIYAM (community can be decentralized with DVCS open source):


It doesn't matter, because as I explained in the OP, a decentralized management structure by mass voting is a dysfunctional structure. It will simply blow up and fail to produce anything but redistribution of the money pool. I enumerated two reasons:

1. Organization is the antithesis of decentralization.

2. Money pools + voting = power vacuum

The DAO is nonsense except as a game around money pool power structure and politics. I am not even interested in discussing it further as it is a waste of time. Investors are doing that because they are deluded into thinking they can get rich want to lose their money. I think n00bs feel more comfortable with politics, than technology. They understand are familiar with politics. The DAO is taking technology that n00bs don't understand and packaging it in something the n00bs think is fair— democracy. Yet democracy is a power vacuum that always leads to totalitarianism. Since n00bs have never figured this out in 6000 years, then this can be reused to enslave them over and over again.


Vitalik, Tual, Larimars, etc.. seem to have wild fantasies that have no grounding in reality. I don't understand those dudes. Don't they know what they are building is crap. Or are they really deluded by their naive fantasies. Or maybe subconsciously the money is enough to motivate them, i.e. they are clever marketers, since it is obviously much easier to sell the fantasies to n00bs than to build mass adoption. Any way, I don't have time to worry or wonder about the way their thinking operates. And I don't want to go back into criticizing people. I will stand aside and observe them crash and burn. Unfortunately, those guys probably walk away with $millions and the n00bs lose. Boohoo that has been life for 6000 years.

I am just trying to ascertain if there are any valid use cases that I need to be aware of.


Edit: others are pointing out that investors better get the fuck out of the DAO and accept the -33% loss else they are going to end up losing everything:

https://bitcointalksearch.org/topic/m.15157775

Who ever invested in the DAO deserves the -33% instant loss to teach them a lesson. Those who hold on, will lose more.

I do expect the SEC will be coming after Tual et al, or who ever ends up capturing the power vacuum and keeping all the ETH wealth as it is extracted from the system by n00bs selling out as they realize it is fucked and by forcing "Yes" votes that pay to themselves. See the game theory I explained in my OP.

Sure, better than down

stable is better than down  , im bought DAO when @22k sat, hope the price of DAO will up because i see so many people got attracts with DAO.