Just read what DAICO is and i'm actually impressed. But a few questions came into my mind, if the devs said their project was DAICO but still scammed people, and ran away with their money, what move should the investors do? I mean, as a DAICO, the investors has the power to supply the funds but deceit can still be done.
Anyways, it's still good since devs can just show how eager and how grand their faith is to their projects, which essentially builds a lot of trust between the devs and the investors.
We have yet to see how will DAICOs play out in the future. So far I've seen few of them doing this like TheAbyss. But since it was not in the past we can't tell for sure. Although from this perspective it seems like the best solution so far that I've heard. I am sure that in the future more ICOs will have DAICO concept implemented and with it it gives another extra point for credibility as you can trust the protocol and not only count on promises that team members have made.
Plagiarism at it's finest, and just a few post away from the original:
We have yet to see how will DAICOs play out in the future. So far I've seen few of them doing this like TheAbyss. But since it was not in the past we can't tell for sure. Although from this perspective it seems like the best solution so far that I've heard. I am sure that in the future more ICOs will have DAICO concept implemented and with it it gives another extra point for credibility as you can trust the protocol and not only count on promises that team members have made.
Damn. This' why newbies and junior members are being despised.
