What is the

Killer App?

watch this talk from @aantonop

looking for the killer app

What is the most important contract in business?

Digitalisation offered a new paradigm for companies

Uber is the first transportation company without vehicles

AirBnB is the first holiday company without accommodations

 

But what if

We don't even need Uber or AirBnB to exist

in order to use the service?

"A rocket is what happens when you do governance on explosives"

a.antonopoulos

THE DAO IS CODE. |

>20.000 participants

~\(\Xi\)12m (~$150m)

~14% of Ethereum market cap

Vitalik put 1500 ETH

DAO.link

Fundamental flaws

No cap during the sale

No defined or structured governance

Very low participation rate (loose community):
10% for proposals and 4,5% for the Carbonvote

No rules in the smart contract anticipated hypothetical issues with the smart contract itself

No pointer between the prose and the accounting ledger

No recourse outside of the blockchain if things turned sour