4 ms·
It's a shockingly bad idea. I support the right of people to invest in whatever they like, but VC has notoriously poor returns, decentralized VC run by a commit
by Moshe_Silnorin 10y ago
It's a shockingly bad idea. I support the right of people to invest in whatever they like, but VC has notoriously poor returns, decentralized VC run by a committee that can only invest in other decentralized technologies seems like a really, really bad idea. DAOs like Augur are actually interesting, even if you think they'll never work. This just seems crazy.
- pre 10y agoAs long as nobody's putting in more than they intend to lose, it's at least a very pretty way to fund a bunch of distributed app code being written I guess. And if they all take what's left of their money out again, the code will still exist. Presumably has to be mostly free-software if it's gonna run distributed anyway.