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IPFS News Link • Business/ Commerce

Ethereum DAO Critics Call for a Moratorium

• https://www.cryptocoinsnews.com,

Three individuals, Dino Mark, Vlad Zamfir and Emin Gun Sirer, have called for a moratorium on proposals to prevent losses to the DAO.

The DAO is the largest crowdfunding event in history. A white paper analyzes the rules of the DAO and examines problems in its design that could motivate investors to act strategically, meaning in opposition to truthful voting to reveal their preferences.

The paper explores the potential for attacks against the DAO that these behaviors can facilitate. There are nine areas of concern that can cause DAO participants to act strategically rather than honestly. Some such behaviors can hijack investments of honest DAO investors. The paper offers suggestions to prevent such attacks.


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