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RE: Is The DAO going to be DOA?

in #crypto-news9 years ago (edited)

The DAO can't buy anything. Its just a bank account. It can pay contractors at a monthly rate under a profit share agreement. It doesn't run businesses but it could assimilate the manpower and finances create practical incentive. With a network of 4000+ crypto-geeks who are invested, the likelihood of the network effect alone creating a profitable situation is phenomenal.