> The correct answer to the DAO mess was never to get into it in the first place. I don't think this is true at all. The DAO is (and was) a very cool idea. The

> The correct answer to the DAO mess was never to get into it in the first place. I don't think this is true at all. The DAO is (and was) a very cool idea. The only problem was that the code was complex enough that those who casually reviewed it failed to notice the vulnerability that the attacker noticed. As for the financial crisis, it was a combination of an unexpected event and entrenched interests scrambling to benefit as much as possible from it. By definition, entrenched interests want a continuation of the status quo, and that is what happened. We think about how bad it would have been if some homeowners would have foreclosed, but we fail to think about the people who would have been able to afford a home at a great price.