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> Perhaps even more interesting with The DAO, once you vote for something you are no longer allowed to split your ETH out and form a new DAO. This means that yo
by brianpgordon 10y ago
> Perhaps even more interesting with The DAO, once you vote for something you are no longer allowed to split your ETH out and form a new DAO. This means that you have much to lose by voting and much to gain by not voting.
I'm not an expert on the DAO but I don't think this is correct. I think that voting on a proposal prevents you from splitting the DAO for a certain period of time, but not forever.
Looking at various discussions happening around the web on this blog post, it's alarming how many people are disagreeing about this point. Even the author admits that he's not clear on it:
> The DAO is complicated and I admit that I am not sure I fully understand how, when, and where ETH can be split relative to payouts and rewards.
How exactly has this project accumulated over $100 million in funding, when there's no real understanding among the community about how the DAO actually works on a day-to-day basis? This telegraphs the sickly condition of the DAO investing community, in my opinion. People seem to have bought DAO tokens to speculate, not to vote. That's a problem for the DAO because the only way for it to take more ETH into the system is for projects to be profitable.
- cjbprime 10y agoYou're right! It's just for the duration of the voting period (two weeks) of the proposal that you voted on, to avoid people being able to vote for a proposal without the outcome having any potential to affect them (because they split away). This massively undermines the OP's article criticism.