any coin without mining is not a good coin in my view, at least ethereum has(and still ongoing) a pow phase
But was is possible to mine TheDAO?
I guess this is something like that, just a smart contract system based on Ethereum?
This also shows that the activity dont count on ur knownledge, u dont even know what Ethereum is? You dont know what smart contracts is?
What u saying now is:
Ethereum has no future.
All smart contracts like TheDAO and now YOCoin is what Ethereum is made for, if there are no coins like TheDAO and YOCoin, Ethereum = death.
All smart contracts like TheDAO and YOCoin can never be mined, this is how a smart contract on Ethereum works..
Anyway this coin take my interest, i will wait till it's on bittrex.