A Call for a Temporary Moratorium on The DAO

in crypto-news •  3 years ago 

by Dino Mark, Vlad Zamfir, and Emin Gün Sirer

We just released the first draft of a research paper that analyzed The DAO and its voting mechanism. This paper identifies problems with The DAO's mechanism design that incentivize investors to behave strategically; that is, at odds with truthful voting on their preferences. We then outline potential attacks against The DAO made possible by these behaviors.

In particular, we have identified seven causes for concern that can cause DAO participants to engage in strategic behaviors. Some of these behaviors can cause honest DAO investors to have their investments hijacked or committed to proposals against their interest and intent.

These concerns motivate a moratorium on funding proposals to prevent losses due to poor mechanism design. A moratorium would give The DAO time to make critical security upgrades. We encourage the community to adopt a moratorium until The DAO can be updated.


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do I get any sp if you upvote this comment after the payout?


Voters don't get rewards for voting on old posts. The authors still gets rewards.


wow you answered cool thanks


I didn't realise that. Thanks.

Can you teach me how you do this please

congratulations to you @smooth
this post just 2 months get $210.94.. fantastic
n me 2 day just $2.48 ,,,,xixixi

hehe, the DAO and the Ethereum, I don´t know what to say - it is like a soap opera. I want them to win, but all I see is a big loss for everyone.

Do you think it will be saved?

Similar to SP, SMD tokens cannot be purchased directly on an external exchange. SMD are primarily earned through contributing but can be purchased by converting STEEM tokens to SMD tokens.

Actually Steem Dollars can now purchased on external exchanges !

PS Abbreviation of SBD = Steem Backed Dollars
or just SD = Steem Dollars (not SMD please edit)

@smooth Upvote my post plz

Very Good

Very Good

Great post! :D