May 24, 2016
I breakdown everything I can about the DAO, from definitions to
politics, including some interesting critiques that I hope can
settle any confusion listeners have. I'm not an expert so please
tell me where I got it wrong, or where I got it right.
Definitions I talk about:
- Tokens/Token Holders - create tokens by staking ether in the
smart contract, each token has proportional voting rights, and
- Curators - person or group of people that perform centralized
roles for the DAO, they maintain the whitelist of contractors, vet
proposals, and identifies proposal authors.
- Contractors - a third party that can receive ether from the DAO
and/or is funded by or owes money to the DAO.
- Proposal - A smart contract that is voted on. Two types:
"regular proposal" and "newCurator" proposal.
- Quorum - Voter participation rate needed to make a vote
binding. 20% for a "regular proposal", none for a "newCurator"
- Split - If people don't like a proposal they can split from the
DAO by forming a new DAO. Meant to be a way to update the curator
and to protect the minority from a majority attack.
Larimer Post about the DAO
Qi - 36 Stratagems - "Kill with a borrowed sword"
Music: Choys - 3rd Floor