Just give an example like this: when you think about a DAO, imagine a self-driving taxi that accepts fare in Bitcoin and also pays fuel and maintenance in Bitcoin.
That's a good one, and the first ideas of DAO's were in that vein. They were truly (potentially) autonomous. We might eventually get there. For now, they are less autonomous in that they are not completely run by code. They are basically organizations that are operated by people, but in a more transparent and democratic way.
Let’s say hypothetically you lose your voting rights whether that be via a wallet loss, a hack, laptop loss....etc....how could that affect the DAO and the person/group who lost their access. Could you have the DAO backed up to redistribute in case of loss and negate any dbl spend attempts? Just sent you a LinkedIn connect request too 👍🙏
You spent a lot of time at the very beginning of the video, not even explaining what a dao is. I now know way more than I needed to, about a hack that happened a while ago. Not exactly irrelevant to explaining what it is
Your insights on the future of NFTs are thought-provoking.
I learned so much about smart contracts from this video.
The DAO hack was most certainly a "hack" . Exploiting an unintended behaviour or flaw in a system is precisely what a hack is.
How do you set up a DAO for a nonprofit?
Some ethereum developers *proposed* the rollback, but the hard fork was a largely supported, community-wide decision made through social consensus.
Ty
How do you create requirements? Is there a video for that or examples somewhere?
Just give an example like this: when you think about a DAO, imagine a self-driving taxi that accepts fare in Bitcoin and also pays fuel and maintenance in Bitcoin.
That's a good one, and the first ideas of DAO's were in that vein. They were truly (potentially) autonomous. We might eventually get there.
For now, they are less autonomous in that they are not completely run by code. They are basically organizations that are operated by people, but in a more transparent and democratic way.
Let’s say hypothetically you lose your voting rights whether that be via a wallet loss, a hack, laptop loss....etc....how could that affect the DAO and the person/group who lost their access. Could you have the DAO backed up to redistribute in case of loss and negate any dbl spend attempts? Just sent you a LinkedIn connect request too 👍🙏
How do you set up a DAO that’s compliant with local regulations such as the SEC?
When writing the logic, take regulations in to account and code accordingly. Not sure what else you could mean.
The hack!!! lol that kid-created fake money and gave it to the people. Credit
You spent a lot of time at the very beginning of the video, not even explaining what a dao is. I now know way more than I needed to, about a hack that happened a while ago. Not exactly irrelevant to explaining what it is
Well said Sam. Like totally not exactly irrelevant. Your Brittany Spears videos and grammar are way better