Just because Tual can't code worth a shit doesn't mean the DAO as a concept is dead.
Sure , DAO's and smart contracts in general are fine to research and test (not "Th DAO"), but they are also incredibly difficult to execute and find use cases for so I am a bit skeptical when people create ICO scams and crowdfund for these toys. Like bitcoin, people should create working concepts first and than allow the market to determine the value afterwords.
Okay I agree that pooling $168 million into one DAO (on 2000 lines of unproven Sol code) was ridiculously risky.
Not just risky but it likely involves some unethical sociopaths dishonestly pumping the hell out of this without any consideration of the consequences.
, i.e. generational cultural differences.
I am thinking they just get really excited and rush in.
Sociopath seems too mean-spirited. I understand you want to enforce some self-regulation and discipline in altcoins, but please note
I think that regulation is self-defeating. We can agree to disagree. I am an anarchist.
What you seeing now is the real me. I was trying to be someone I wasn't, I guess to appease others.
Sorry I am really a minanarchist at heart, bordering on full anarchist.
...my internal compass throughout my life, has always been non-interventionalist...
We should know by now that ICO's are unacceptable in our space with the amount of failures. Even if Ethereum initially had noble intentions the vary nature of the ICO makes the probabilities of a failure more likely due to maligning the incentives.
Even now Vitalik has to be reminded of his conflict of interest in the HF he's advocating. It is really sad as many of these "projects" may be 419s or indistinguishable from AFF.
Yeah the insiders shouldn't control everything. But that was what a DAO was supposed to fix. Lol.
