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But that's still not on equal grounds and fully public - what the blockchain systems implement in public using the computers of the collective is instead implem

But that's still not on equal grounds and fully public - what the blockchain systems implement in public using the computers of the collective is instead implemented by humans with imperfect transparency and accountability. And that was the entire point. The capabilities aren't different, it is the guarantees around its behavior that are.

dragontamer 10y ago
> But that's still not on equal grounds and fully public - what the blockchain systems implement in public using the computers of the collective is instead implemented by humans with imperfect transparency and accountability. Who are your major coinvestors in the DAO? Did any of your coinvestors perform an inside-trade to bet against the company through either a put-option or a short sell? Because all inside trades of public corporations are publicly documented. Can you really trust your fellow DAO "investors" when you aren't even sure if they're betting on your side? Nah man, I think classical companies are more transparent. Its very important to keep in mind the insider trades. Here's all of the insider trades from Microsoft in the past two years: http://finance.yahoo.com/q/it?s=MSFT http://finance.yahoo.com/q/it?s=MSFT Now where's the equivalent information on the DAO? ------------- The DAO is a baby experiment. The first of its kind: a digitally run company. I'll give it credit for that. Unfortunately, it still has a LOT to learn about political trust structures. No one gives a crap about whether or not board policy was followed. What people care about are inside trades and conflicts of interest, of which the DAO doesn't seem to offer any solace.
- Natanael_L 10y ago
  Those trades are still just the public ones - a trade doesn't need to have an official paper trail involving every intermediate buyer.
  - deleted 10y ago
    [deleted]
  - dragontamer 10y ago
    Yeah they do, if you don't feel like going to jail. https://www.theguardian.com/business/2014/sep/08/matthew-martoma-sac-capital-jail-insider-trading https://www.theguardian.com/business/2014/sep/08/matthew-mar... So once again, I ask what is the mechanism that allows you to trust your fellow DAO investors? What are the protections the DAO has against the classic Ponzi scheme or Pyramid Scheme? Again: the DAO is a baby in a young field. I'm sure eventually a digital scheme will be invented that addresses these concerns. But from my understanding, the DAO is not a good digital scheme yet. Maybe a future project will be better at addressing real concerns and solving real issues. Or maybe the DAO will be able to self-mutate itself to solve the issues that truly do arise.

dragontamer 10y ago

> But that's still not on equal grounds and fully public - what the blockchain systems implement in public using the computers of the collective is instead implemented by humans with imperfect transparency and accountability. Who are your major coinvestors in the DAO? Did any of your coinvestors perform an inside-trade to bet against the company through either a put-option or a short sell? Because all inside trades of public corporations are publicly documented. Can you really trust your fellow DAO "investors" when you aren't even sure if they're betting on your side? Nah man, I think classical companies are more transparent. Its very important to keep in mind the insider trades. Here's all of the insider trades from Microsoft in the past two years: http://finance.yahoo.com/q/it?s=MSFT http://finance.yahoo.com/q/it?s=MSFT Now where's the equivalent information on the DAO? ------------- The DAO is a baby experiment. The first of its kind: a digitally run company. I'll give it credit for that. Unfortunately, it still has a LOT to learn about political trust structures. No one gives a crap about whether or not board policy was followed. What people care about are inside trades and conflicts of interest, of which the DAO doesn't seem to offer any solace.

Natanael_L 10y ago
Those trades are still just the public ones - a trade doesn't need to have an official paper trail involving every intermediate buyer.
- deleted 10y ago
  [deleted]
- dragontamer 10y ago
  Yeah they do, if you don't feel like going to jail. https://www.theguardian.com/business/2014/sep/08/matthew-martoma-sac-capital-jail-insider-trading https://www.theguardian.com/business/2014/sep/08/matthew-mar... So once again, I ask what is the mechanism that allows you to trust your fellow DAO investors? What are the protections the DAO has against the classic Ponzi scheme or Pyramid Scheme? Again: the DAO is a baby in a young field. I'm sure eventually a digital scheme will be invented that addresses these concerns. But from my understanding, the DAO is not a good digital scheme yet. Maybe a future project will be better at addressing real concerns and solving real issues. Or maybe the DAO will be able to self-mutate itself to solve the issues that truly do arise.