25 May '16, 8pm

Can a New Social Operating System Fix The DAO?

Can a New Social Operating System Fix The DAO?

An Ethereum startup led by a Harvard researcher and the founder of blockchain ridesharing startup La’Zooz will submit a proposal to fix perceived governance issues with The DAO this week. Launched earlier this month, The DAO has quickly become the largest decentralized autonomous organization (DAO) on the Ethereum network, collecting more than $150m worth of the cryptocurrency ether in contributions that could one day be programmatically disseminated to other blockchain startups that meet a threshold of participant approval. Despite this success, however, the online community quickly went to work dissecting The DAO's proposed governance model, pointing to various issues that could arise relating to taxation, regulation and the incentive methods used to encourage participants. It’s the latter issue that Backfeed hopes to address with its proposal. In particular, the startup...

Full article: http://www.coindesk.com/can-new-social-operating-system-f...

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