Now that the world’s most successful crowdfunding ever has completely fallen apart, the question becomes how viable DAO structures can be. Even though The DAO has failed miserably, the concept is still very much alive. Lessons have been learned, albeit they were rather expensive ones for some people. The DAO Is Done For But The Concept Is Not It has become apparent The DAO – which is the world’s largest …
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Not too long ago, it appeared somebody has been draining funds from the DAO again. This is the third time such an attack took place in less than two months. More worryingly, it appears very similar attacks have been used in all three instances. Luckily, this final attack seems to be “white hat hacker probing”. Then again, they did reveal some very worrying parts about The DAO’s code, which may …
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Slock.it has acknowledged the negative feedback that its first proposal received, the German startup has decided to present a new, thinner version. Slock.it will update the DAO general framework for free, and the security team has been reduced to only one member. The German startup received heavy criticism for its latest proposal, Slock.it presented yesterday a 125,000 ETH budget to The DAO for security updates to the code, a dedicated security …
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