The DAO: Autonomous Crowd Funding Platform

Democracy on the Blockchain

It is not every day in crypto that a project goes as big as Ethereum did.

From the early crowd funding days, to the magnificent rise to become second to bitcoin, only took a couple of years. When the news about the funding shortfall came, a lot thought this is the end of Ethereum. However, the developers and supporters, decided this will not hinder a great project. They went on and produced one success after another.

To the early believers Ethereum was a gold mine, and still is. As people thought the development was slowing down and the price of Ether on exchanges was sliding, the developers delivered again and with a great timing.

The Dao, a fully autonomous crowd funding platform done in code. The participants can vote to fund a project or not. Of course this is a first experiment but with over a 100 million dollars collected, it is now the biggest experiment in crypto.

From what was done already by a group of highly motivated devs and supporters, this experiment will not fail easily. I am sure it will be a great success, but that will be just my speculation.

There are a few days left to take part in this multi million dollar experiment as an early investor. The Dao sale ends 28 MAY at 09:00 GMT , are you in or out?

Steemit seems to be fast appearing to be a "lets dump on DAO/Etherium" venting facility like Reddit is somewhat an "ode to ether" of late. Perhaps in such early stages we should try to establish a balance an not alienate a large portion of the crypto community (even if they may have been duped). Lets face it this is still pretty much a crypto-geek playground.

This!!

I hate nothing more than posting in r/bitcoin because the community is a bunch if idiots .. at least to me. Let's not make this mistake with STEEM.

Its a pet peeve when a troll attempts to use words to bring down a billion dollar decentralized entity with grade school grammar errors.

My teacher said "To write well, is to think well."

I don't believe that to be happening here.

so much hate coming out of this :D

One thing is dan's critique that has some foundation based on experience, this is just trolling for trolling's sake. But it might bring rewards on the steem experiment, as it might attract more reads ;)