4 ms·
Those trades are still just the public ones - a trade doesn't need to have an official paper trail involving every intermediate buyer.
by 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 agoYeah 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.