4 ms·

This is a good example of a completely useless web page. What is a DAO? Why should I care? Who is running this? Is this a for-profit enterprise? A non-profit? A

by fefe23 10y ago

This is a good example of a completely useless web page. What is a DAO? Why should I care? Who is running this? Is this a for-profit enterprise? A non-profit? An NGO? A performance art collective? > The DAO’s Mission: To blaze a new path in business organization for the betterment of its members, existing simultaneously nowhere and everywhere and operating solely with the steadfast iron will of unstoppable code. This is meaningless to me. It means nothing. When I see web pages like this, I wonder how people can waste money on web pages like this. All style, zero substance. This could be "social experiment" by a bunch of pot smoking college students in a dorm somewhere, for all it speaks to me.

splintercell 10y ago
The DAO is essentially a 'Smart Contract' (read: a computer program which runs over the blockchain) between the willing investors to collectively fund various projects (in exchange of a certain return). People are investing in this because they want to participate in the future blockchain/non-blockchain projects which will seek funding from the DAO. Others can submit proposals to this smart contract, and community can vote on it (in proportion of their investment).
- kang 10y ago
  There are non-smartContract program that run on blockchain. That is not what a smart contract is.
  - killerstorm 10y ago
    A concept of a 'smart contract' isn't well-defined, thus it's hard to tell if something is a 'smart contract'. But programs which run on Ethereum blockchain are officially called contracts.
  - splintercell 10y ago
    Your criticism is like if someone said "Using cryptography you can securely store any information you don't want anyone else but yourself to see", and you criticize it by saying "You can also store information you want others to see using cryptography". That said, technically bitcoin is a smart contract too, a Smart Contract for a virtual currency.
grifffgreeen 10y ago
A DAO is simply software that incentivizes humans to act. Bitcoin is considered the first DAO. This interview explains it pretty well: https://www.youtube.com/watch?v=Pn_7fdmfZY8&feature=youtu.be&t=348 https://www.youtube.com/watch?v=Pn_7fdmfZY8&feature=youtu.be... The DAO is a new type of DAO that instead inflating it's own currency to incentivize humans to do things, it actually is bootstrapped by the people who Create the tokens during the Creation phase. All DAOs are autonomous. The DAO is run by DAO token holders, they can vote to send money to Proposals. The idea is that the DAO Token Holders want to make a change in the world, but don't have the time or the plan to do it. The DAO and it's Proposals are a special type of software called smart contracts. They can be thought of a digital safe that only releases digital currency according to the rules of the Smart contract. The DAO only sends money out when the DAO Token Holders Vote to agree to it and Proposals will have daily/weekly/monthly payment schedules. Slock.it is hoping that The DAO will choose the Universal Sharing Network to be their flag ship product. We (I work for Slock.it) led the development of The DAO's Code (the [Standard DAO Framework](https://github.com/slockit/DAO https://github.com/slockit/DAO) ) so it is specifically designed for the project. Slock.it will submit a Proposal to The DAO to build the Universal Sharing Network in 2 weeks asking for The DAO to send an amount of digital currency (ETH) to the Smart contract, that ETH will be sent to Slock.it slowly over time and if at any time The DAO doesn't think Slock.it is doing a good job, it can Fire Slock.it and take back the money that is left in the smart contract. We hope The DAO will be an Ethereum/IoT DAO, and that the DAO Token Holders are excited about that... However we do not know if this will be the case. This is our [Proposal Overview](http://download.slock.it/public/DAO/Proposal1.pdf http://download.slock.it/public/DAO/Proposal1.pdf) If you want to learn more about Slock.it's dream to build a Universal Sharing Network, check out this interview: https://youtu.be/Pn_7fdmfZY8?t=4894 https://youtu.be/Pn_7fdmfZY8?t=4894 If you want to see Christoph walk thru the code for the Sample proposal watch here: https://youtu.be/5BkQ0te_TA0?t=4587 https://youtu.be/5BkQ0te_TA0?t=4587
killerstorm 10y ago
DAO means "Decentralized Autonomous Organization". You can read more about it here: https://blog.ethereum.org/2014/05/06/daos-dacs-das-and-more-an-incomplete-terminology-guide/ https://blog.ethereum.org/2014/05/06/daos-dacs-das-and-more-... The page was designed for people who already know what is a DAO and need information on that specific DAO.

by fefe23 10y ago

splintercell 10y ago

The DAO is essentially a 'Smart Contract' (read: a computer program which runs over the blockchain) between the willing investors to collectively fund various projects (in exchange of a certain return). People are investing in this because they want to participate in the future blockchain/non-blockchain projects which will seek funding from the DAO. Others can submit proposals to this smart contract, and community can vote on it (in proportion of their investment).

kang 10y ago
There are non-smartContract program that run on blockchain. That is not what a smart contract is.
- killerstorm 10y ago
  A concept of a 'smart contract' isn't well-defined, thus it's hard to tell if something is a 'smart contract'. But programs which run on Ethereum blockchain are officially called contracts.
- splintercell 10y ago
  Your criticism is like if someone said "Using cryptography you can securely store any information you don't want anyone else but yourself to see", and you criticize it by saying "You can also store information you want others to see using cryptography". That said, technically bitcoin is a smart contract too, a Smart Contract for a virtual currency.

grifffgreeen 10y ago

A DAO is simply software that incentivizes humans to act. Bitcoin is considered the first DAO. This interview explains it pretty well: https://www.youtube.com/watch?v=Pn_7fdmfZY8&feature=youtu.be&t=348 https://www.youtube.com/watch?v=Pn_7fdmfZY8&feature=youtu.be... The DAO is a new type of DAO that instead inflating it's own currency to incentivize humans to do things, it actually is bootstrapped by the people who Create the tokens during the Creation phase. All DAOs are autonomous. The DAO is run by DAO token holders, they can vote to send money to Proposals. The idea is that the DAO Token Holders want to make a change in the world, but don't have the time or the plan to do it. The DAO and it's Proposals are a special type of software called smart contracts. They can be thought of a digital safe that only releases digital currency according to the rules of the Smart contract. The DAO only sends money out when the DAO Token Holders Vote to agree to it and Proposals will have daily/weekly/monthly payment schedules. Slock.it is hoping that The DAO will choose the Universal Sharing Network to be their flag ship product. We (I work for Slock.it) led the development of The DAO's Code (the [Standard DAO Framework](https://github.com/slockit/DAO https://github.com/slockit/DAO) ) so it is specifically designed for the project. Slock.it will submit a Proposal to The DAO to build the Universal Sharing Network in 2 weeks asking for The DAO to send an amount of digital currency (ETH) to the Smart contract, that ETH will be sent to Slock.it slowly over time and if at any time The DAO doesn't think Slock.it is doing a good job, it can Fire Slock.it and take back the money that is left in the smart contract. We hope The DAO will be an Ethereum/IoT DAO, and that the DAO Token Holders are excited about that... However we do not know if this will be the case. This is our [Proposal Overview](http://download.slock.it/public/DAO/Proposal1.pdf http://download.slock.it/public/DAO/Proposal1.pdf) If you want to learn more about Slock.it's dream to build a Universal Sharing Network, check out this interview: https://youtu.be/Pn_7fdmfZY8?t=4894 https://youtu.be/Pn_7fdmfZY8?t=4894 If you want to see Christoph walk thru the code for the Sample proposal watch here: https://youtu.be/5BkQ0te_TA0?t=4587 https://youtu.be/5BkQ0te_TA0?t=4587

killerstorm 10y ago

DAO means "Decentralized Autonomous Organization". You can read more about it here: https://blog.ethereum.org/2014/05/06/daos-dacs-das-and-more-an-incomplete-terminology-guide/ https://blog.ethereum.org/2014/05/06/daos-dacs-das-and-more-... The page was designed for people who already know what is a DAO and need information on that specific DAO.