DCIP: A New Frontier for Community-Driven Investments?

[drx833]

Hello Altcoin enthusiasts,

I've been closely following DCIP (Decentralized Community Investment Protocol), a project that stands out by allowing token holders to directly vote on investment decisions. With its innovative approach blending traditional investment principles with the decentralized ethos of crypto, it piqued my interest. How do you think DCIP's community-driven model could shape the future of decentralized finance? Will it offer a more robust investment strategy in the volatile crypto market?

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[d5000]

This is nothing new or "innovative" at all. Please google the DAO/DAC concepts.

In fact, one of the biggest fails in crypto history was a high-profile "decentralized investment community" on Ethereum, called TheDAO, which collapsed in 2016 due to a problem in the smart contract which allowed an attacker to drain a lot of funds. It even led to a hard fork on Ethereum where they decided to roll back some of the "malicious" transactions.

I've seen various other communities of this kind but nothing really interesting, although the concept could work of course.