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The DAO hack was "corrected" because it was big & loud, but countless others (esp small-time players) have been wronged without resolution. That seems to be a
by beambot 5y ago
The DAO hack was "corrected" because it was big & loud, but countless others (esp small-time players) have been wronged without resolution. That seems to be a problem with the DAO... there's no mechanism to resolve small-time disputes if it doesn't rise to the consciousness of the masses (even if they would agree with such resolutions if pressed). By way of analogy: It's kind of like escalating Google customer service tickets through HN frontpage exposure.
Our existing legal system "solves" this through the Judicial branch of government. The social consensus (Constitution) created a decentralized (but hierarchical) way to remediate wrongs both big & small. What is the DAO equivalent?