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This is an update on the DAO and Ethereum situation. It’s a continuation from my EP5, from several weeks ago where I correctly pointed out its game theoretical flaws. Coded democracy still escapes us.
This episode gets into conspiracy land about oil and lessons the bitcoin community can learn from that situation. But first I update a few running stories from previous episodes and hit some relevant news items.
In this episode, I give you a few updates on the developing DAO situation, discuss a great comment by the Renegade Investor on twitter, and then dissect Former Chief Asia-Pacific Economist at Morgan Stanley’s recent op-ed where he railed against the current dysfunction of the global financial system, as well as giving his warning for the future.
I breakdown everything I can about the DAO, from definitions to politics, including some interesting critiques that I hope can settle any confusion listeners have. I’m not an expert so please tell me where I got it wrong, or where I got it right.