I don't think that it will experience the same fate either, just that it will be harder to convince people to trust this enough to put their money in - not wanting that to be true, and thinking that those people would be wrong to ignore Wings because of what happened to The DAO doesn't change that fact. Recognizing it and talking about what can be done may change that fact.
Also I disagree that 'DAO' is just a marketing gimmick: its an actual thing not just a word.
Sensible points. Like it or not perception is a huge part of crypto valuation right now (just like the stock markets) so just ignoring these kind of issues would be foolish.
Right now in addition to the DAO/ETH crisis there is also the BTC block halving issue/price instability and there is also a lot of ICO fatigue from the large amount of recent ICOs.
All of this should be considered before making a hasty launch.
Yes, its difficult timing for a few reasons as you say. But at the same time they've already started things like the signature bounty so they can only leave it so long before people will start to get unhappy and/or remove the signatures. Hopefully The DAO will refund everyone's ethers before too long and BTC will find a range to settle in and they can start the ICO after that.
If not then perhaps they could start the ICO and just have it run for quite a long time?
Good points. And we are not in a hurry, but it needs to be pointed out that TheDAO appears to have been done in a hurry - we are using it also as a learning experience we can build upon. We still aim to be ready this summer, just want to ensure everything is done right.
Keep in mind that WINGS DAO is not meant to be a "VC fund" like TheDAO. It's meant to be a network to launch more DAOs (some DAO do not even need "money"), so we have no need for $200 Million to create that network.
When WINGS is done right, we would not be surprised if some day, a "DAO" type VC fund does actually launch using WINGS but that is way into the future when people know it works and have confidence which will take time to rebuild.
While "the draining of TheDAO" event itself is of course leading one to be concerned about the people who have lost access to their funds, it is not exactly a surprise that something went wrong. Many leading people in the space have written articles from calling for moratoriums to security issues in the last month.
So we just ask for everyone to have patience and contribute where you can so that we can build something that is secure, lasts and has a long-term positive impact.
