Decentralized organizations have a tendency to require much input from very few people, with the vast majority relying on their free and voluntary work. However, as they provide their input due to simple interest, they may be unwilling to take a fully comprehensive and professional approach.
The volunteers eventually take a semi-leadership position, but lacking a paid incentive, seemingly simple things are not done, what is done may be sub-par with accountability nowhere to be found because they are, after all, just volunteers with no responsibility to anyone.
In responding to criticisms that the DAO attack vectors, which were published just a day before the crowdsale ended, should have been addressed before the crowdsale, rather than freezing activity while the smart contract holds some $170 million at current valuation, Vlad Zamfir, one of the 12 DAO curators and author of the DAO attack vectors report , stated that he did not expect the DAO to grow to such a huge project and, in a response, seemingly admitted that he had not quite looked at the code nor was aware of his role: “After the DAO’s crowd funding event became unexpectedly large and I could no longer ignore it, I started doing due diligence. I found that the community expects the curators to defend the DAO against majority takeover attacks.” The curators are coding volunteers with limited time. Most of them are working on many other projects, Zamfir included, who is focused on developing Casper to move Ethereum to Proof of Stake. If he provides any assistance, the DAO token holders should be thankful. If he doesn’t, that is his full right as he is under no obligation, but that of reputation. The DAO Needs Professionals
A capitalistic, self-interested, project, the most well-funded in the blockchain space, should not have to […]
