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> Each DAO Token Holder is granted voting rights and complete control over The DAO's digtal assets (ETH to begin with) proportional to the amount of DAO tokens
by strgrd 10y ago
> Each DAO Token Holder is granted voting rights and complete control over The DAO's digtal assets (ETH to begin with) proportional to the amount of DAO tokens they hold.
It seems like they're going to raise a bunch of money, and then vote on what to do with it. The premise I guess is that it's a "distributed autonomous organization" but I imagine the initial investors have a large stake in the amount funded so far, and their politics will decide what happens to the majority of investors who hold virtually no votes in comparison. This seems like a certain type of investment scheme...
- simondlr 10y agoWho are the initial investors? There's no privileged position.