The DAO: An Analysis of the Fallout

By Stephen Downes - Stephen's Web. The DAO: An Analysis of the Fallout
Michael del Castillo, Coindesk, 2016/06/20
Not long ago I linked to and described the DAO, a bockchain-based corporation employing a system called Ethereum to create 'smart contracts' to crowd-source startup funding. This week the system was hacked barely weeks after being launched, with millions of 'ethers' worth $US 50 million drained from its accounts. Today a second attack drained even more money. More...