- An unprecedented financial experiment will begin tomorrow when a fund called the DAO (an acronym for decentralised autonomous organisation) will stop accepting money and start investing it.
- The DAO will be an interesting test of both how regulators deal with a stateless fund and what happens at such automated outfits when a dispute arises.
- Three things make the DAO, which has raised the equivalent of more than $140m, unusual.
- Digital subscribers can sign up for daily delivery of Espresso direct to their inbox.
- Sceptics warn that the technology is unproven, and that historically, investing hasn’t mixed well with a democratic ethos.
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@FrankieBrewer: “From The Economist Espresso: DAO and out: crypto-finance #blockchain #regulation”
An unprecedented financial experiment will begin tomorrow when a fund called the DAO (an acronym for
DAO and out: crypto-finance 2016-05-27