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Every one of these scams that have imploded, including the DAO itself, have had participants crying out for interventions. That should speak volumes about the a
by xorcist 9y ago
Every one of these scams that have imploded, including the DAO itself, have had participants crying out for interventions. That should speak volumes about the amount of consent involved (and indeed the sophistication).
- Jabanga 9y agoThere are hundreds of projects that have held token sales. The vast majority have not imploded. For what it's worth, I think the majority will fail to produce a profit. That's okay. A high failure rate is fine in an emerging industry. Venture capitalists can easily tolerate 90% failure rates for example.
- julian_1 9y agoThe business case may have been questionable, but the DAO was not prima facie a scam. It lost value and mission due to poor technical implementation.
- maneesh 9y agoCitations? I know of maybe 5-10 coins that have been hacked or imploded in a fraudulent way due to the intrinsic nature of the coin, out of thousands created