#Blocktalk with Digix Global July 23rd 9pm EST [Question Thread]
Talking with Digix Team about how they hope to avoid the pitfalls of the now defunked $DAO with their DAO platform, Bitcoin vs Gold and the specific technicals of the DGX tokens.
Digix Global is a Global assets company that is currrently securing physical gold holdings on the ethereum blockchain using the first proof of assets system. The project also gain notoriety when the Digix crowd sale sold out within a day, raising a capped $5,500,000 only hours after the opening of “the first decentralized crowdsale on the Ethereum Blockchain”.
The crowd sale is to fund the creation of one of the first Decentralised Autonomous Organizations (DAO) by DigixGlobal Ltd. which will employ a proof of asset (PoA) protocol to back Digix tokens (DGX) with “99.99% London Bullion Market Association (LBMA) approved Gold.” DGX tokens are created through a “Minter Smart Contract” by using Ethereum’s smart contract platform with each token representing 1g of gold and divisible up to 0.001g.
You can find out more in this short explainer video
If reading is your thing then here's a great article about their crowdsale
https://www.cryptocoinsnews.com/digix-millions-ethereum-blockchain-crowdsale/
Show starts Saturday July 23rd, 9pm EST
Feel to drop any questions for the team and the highest voted will be asked show
Or watch it live and post in the youtube chat
Sponsored by @Bittrex the only place to trade Digix DAO tokens $DGD
https://bittrex.com/Market/Index?MarketName=BTC-DGD
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Hope you guys dig this post, cause lately its steems
Crossposted to #Blocktalk #Ethereum #Digix #Bitcoin #Fintech #Markets #trading #gold #investments #Podcasts #Video #Videos #Steem #Steemit #money
Do you feel that the DAO hack has tarnished the image of smart contracts and what can be done to restore the crypto communities faith in future DAOs?
In addition to barry's question do you think that the DAO hack has hurt ETH's reputability ?
I just bought some DGD, when do I need to send them in for rewards? and do they plan to make that automatic?
I am curious as to when the DAO voting and reward platform opens up to the public and how they intend to test it beforehand? From my understanding it is still a work in progress.