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Vitalik Buterin[1] last week brainstormed a proposed development, fundraising and stewardship structure combining elements of a DAO[2] and ICO called a DAICO[3]
by otoburb 9y ago
Vitalik Buterin[1] last week brainstormed a proposed development, fundraising and stewardship structure combining elements of a DAO[2] and ICO called a DAICO[3]. People are still debating and considering whether this is a true improvement. The structure outlined in the parent comment is similar to the DAICO model proposed by Vitalik.
[1] https://en.wikipedia.org/wiki/Vitalik_Buterin https://en.wikipedia.org/wiki/Vitalik_Buterin
[2] https://en.wikipedia.org/wiki/Decentralized_autonomous_organization https://en.wikipedia.org/wiki/Decentralized_autonomous_organ...
[3] https://ethresear.ch/t/explanation-of-daicos/465 https://ethresear.ch/t/explanation-of-daicos/465
- deleted 9y ago[deleted]
- makomk 9y agoThe difference seems to be that rather than using third-party escrow, his idea uses code running on the Ethereum network to allow investors to vote on the release of funds (because we know that complex smart contract code of this kind worked perfectly in the past and certainly didn't have bugs so severe the entire Ethereum protocol was forked to undo them).