[2016-05-19] The DAO Is Not a Good Way to Spend $130 Million

[LiteCoinGuy]

The “Autonomous Corporation” Called the DAO Is Not a Good Way to Spend $130 Million

The era of the autonomous corporation is upon us! Eager investors have pledged more than $130 million to the DAO—for Decentralized Autonomous Organization—a system of software that will fund startups based on votes from its more than 18,000 stakeholders.

https://www.technologyreview.com/s/601480/the-autonomous-corporation-called-the-dao-is-not-a-good-way-to-spend-130-million/?utm_campaign=content-distribution&utm_source=dlvr.it&utm_medium=twitter


DAO to da muuuuun!