A layman’s intro to TheDAO & why history is being made.

  1. Not everyone in the world can get access to a PayPal account.
  2. Massive levels of trust required: both in PayPal & the individual maintaining said account. Lots of places for this fund to break down due to negligence or malevolence.
  1. It can’t be shut down.
  2. There’s no person or entity that can interfere (cooking the books or running away with any money).
  3. Creation of transparent & audit-able ownership in a supranational context.
  1. A global fund running only on code without any reliance on jurisdictional support.
  2. A global fund where no one can cook the books or defraud someone.
  3. A global fund where anyone can become a part of it.

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Explorer of all stories, master of sunsets. Writer, Coder, Musician & Dancer. Blogging here lately: https://blog.simondlr.com

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Simon de la Rouviere

Simon de la Rouviere

Explorer of all stories, master of sunsets. Writer, Coder, Musician & Dancer. Blogging here lately: https://blog.simondlr.com

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