Decentralized Autonomous Organizations with Christian Kameir of Sustany Capital — Crypto the WonderDog Show 7-12-18

Summary: <p>Decentralized Autonomous Organizations with Christian Kameir of Sustany Capital -- Crypto the WonderDog Show 7-12-18</p><br> <p>The DAO (organization).<br>A decentralized autonomous organization (DAO), sometimes labeled a decentralized autonomous corporation (DAC), is an organization that is run through rules encoded as computer programs called smart contracts. A DAO's financial transaction record and program rules are maintained on a blockchain. The precise legal status of this type of business organization is unclear.</p><br> <p>A well-known example, intended for venture capital funding, was The DAO, which launched with $150 million in crowdfunding in June 2016, and was immediately hacked and drained of US$50 million in cryptocurrency. This hack was reversed in the following weeks, and the money restored, via a hard fork of the Ethereum blockchain. This decentralized bailout was made possible by a majority vote of the blockchain's hash rate.</p><br> <p>Decentralized autonomo Become a supporter of this podcast: <a href="https://anchor.fm/crypto-the-wonderdog-show/support" rel="payment">https://anchor.fm/crypto-the-wonderdog-show/support</a> </p>