DAO/ Smart contract/ Ethereum

in #ethereum7 years ago (edited)

The value that Ethereum brought to the table is the smart contract and they way the Ethereum blockchain works with Ether and Gas however the real value is in smart contracts and the ability to create DAOs.

DAOs are Decentralized Autonomous Organizations. I believe this is the future of the online business economy in many way as to the saying "make money work for you" I am patiently waiting on teams that realize the value in this to rise up and grasp.

Ethereum itself is a system,currency and platform. The sad downside is it is not the only thing out there that can do what it can do which make it less valuable as one can simply go to another platform to accomplish the same goals.. This is logical as ETC is at around $17.00 theses days and Antshares around $6.00

Pretty soon DAOs are gonna be springing up from all over and that's when they real investment frenzy is going to take place. people are gonna want to own their own DAOs I know I do. But just like cryptocurrencies DAOs are gonna go through brutal test phases and are going to be hacked many times over until an Unhackable version is made to create a global DAO standard.

I raise my glass to the Original Ethereum team for creating their first DAO ... even though it got hacked $150 million worth of ETH causing the team split in two ying and yang versions creating ETC and ETH. The technology they brought to the table is a masterpiece that is going to stick around for as long as human beings exist.

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