[2016-06-22] coindesk.com | Circle Execs: The DAO Proves Blockchains Require

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Circle Execs: The DAO Proves Blockchains Require Trust

Circle co-founders Jeremy Allaire and Sean Neville are the latest high-profile blockchain entrepreneurs to weigh in on the ongoing crisis with The DAO, the ethereum-based distributed autonomous organization that saw millions in customer funds compromised last week.

In interview, Allaire and Neville called the ongoing event, which has found the development community taking action to protect remaining funds from losses, "fascinating", citing it as an example of how all blockchain technologies remain in the earlier stages of development....

http://www.coindesk.com/circle-execs-dao-proves-blockchains-trust/?utm_source=twitterfeed&utm_medium=twitter&utm_campaign=Feed%3A+CoinDesk+%28CoinDesk+-+The+Voice+of+Digital+Currency%29

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“Is a smart contract a contract and will a court uphold it? If the court says the terms and conditions in the code are a contract, the code becomes the law," Allaire said. "That’s really significant and we’re going to see court cases that test those ideas."

Will there be a test soon?