The DAO has become the talk of the digital town since the launch less than a month ago. With nearly $150m worth of the cryptocurrency ether raised to date, the unusual organization has inspired both passionate supporters and skeptics.
In the past week, numerous headlines and op-eds have emerged on the subject of The DAO , (distributed autonomous organization) with everyone from bloggers to social media outlets to major media publications weighing in. Opinions ranged from unblemished support to critical takes on the big questions surrounding the project.
Overall, supporters of the project say The DAO ushers in a new mechanism for funding projects and individuals that might otherwise be ignored by the venture capital ecosystem. Further, they say it represents a radical method for reshaping the digital economy, while providing a powerful of Ethereum’s technology in action.
Critics aren’t as convinced. While acknowledging its novelty, some have taken issue with several aspects of The DAO, including lingering questions about intellectual property rights, economic incentives and how existing regulations on securities and investment will come into play.
This feature looks at a slice of opinions on The DAO that, while by no means represents the totality of voices weighing in today, offers a a range of perspectives on the project. Positive points
Some observers struck a far more optimistic tone in their assessment of the project since its launch, including investor and TechCrunch contributor Seth Bannon.
In an article entitled "The Tao of ‘The DAO’ or: How the autonomous corporation is already here", Bannon reckoned that the concept could open the doors to more people to take part in what he called "the innovation economy".
"By allowing economic cooperatives to be spun up with a line of code, and by allowing anyone on the Internet to become owners of these organizations, DAOs may allow more […]
