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I know this is a low value way of saying this, so, apologies up front but: Fucking lol at their bookkeeping and payout system just being a spreadsheet with no
by weego 4y ago
I know this is a low value way of saying this, so, apologies up front but:
Fucking lol at their bookkeeping and payout system just being a spreadsheet with no other comparison of truth before submission.
We're on course for DAOs to rediscover the basic principles of our existing financial system within the decade.
- mstipetic 4y agoAnd if you take the process to its conclusion people will say we’re tired of doing all this accounting all the time, let’s hire a specialized person to do that - and you’ll end up with a company accountant. After that they’ll say he we should standardize the accounting process over different organizations and end up where we are now
- andruby 4y agoAnd then add an organization to double check the accounting numbers to validate if they are correct.
- Waterluvian 4y agoThis feels like the financial version of, “front end feels too complicated. Let’s make it simple.” And then they re-discover all the hard fought lessons one by one until their framework is complicated too.
- mtlmtlmtlmtl 4y agoExactly. Or young people coming out of college having this adorably naïve, idealistic world view where everything fits nearly into their world view. Then they live some, experience things that don't fit so neatly, and begin to acknowledge the complexity of the world, becoming more pragmatist politically. At least that was my experience of 20->30. I can't even think of a long sentence that encapsulates my world view anymore, let alone a single word like "conservative", "anarchist" or whatever. When I was 20 I could have easily done so.
- djbusby 4y agoConfused - that's my one word.
- mtlmtlmtlmtl 4y agoI like it. Confusionism. Like some sort of anti-confucianism. There is no order, only confusion.
- Waterluvian 4y agoConfusionists say, “wha?”
- Waterluvian 4y agoHaha yep. We all went through that phase in high school where communism kinda made sense and whatnot.
- plagiarist 4y agoSome days it does seem like crypto currencies are speed running the development of financial regulations by discovering the reasons those regulations were created. But this one just sounds foolish of its own accord.
- branon 4y agoYeah, no, I agree with you. For other, less blatantly slipshod efforts, run by less blatant grifters, it might have been a faux pas to immediately point and laugh. Assume good-faith, and all that. But for this? Cryptobros running bookkeeping over Google Docs and collaborating on their project via Discord? Crying to the FTC and FBI, the centralized arbiters their own model casts aside? By all means, point and laugh. These people and their projects need crucified publicly. It's nothing personal. They were asking for it: this should be obvious, and it should be obvious why. If it's not, they need to find a new line of work.
- moffkalast 4y agoAlso this part: > We offer the hacker a 10% white hat bounty if he/she would return the stolen fund in next 48 hrs. I just can't, hahaha. You left your car unlocked with the keys on the dashboard. It's on a boat on its way to a 3rd world country with its plates removed and serial numbers ground off. Good luck.