Ethereum’s $150 Million Blockchain DAO Fund Opens To Critical Analysis by Security Experts

General
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Ethereum’s $150 Million Blockchain DAO Fund Opens To Critical Analysis by Security Experts

Three members of Hacking Distributed – Dino Mark, Vlad Zamfir and Emin Gün Sirer just released the first draft of a research paper that analyzed The DAO and its voting mechanism. This paper identifies problems with The DAO’s mechanism design that incentivise investors to behave strategically – that is, at odds with truthful voting on their preferences and then outline potential attacks against The DAO made possible by these behaviors.

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In hindsight Counterparty’s decision to not rush EVM on CP due to security and stability concerns was a great call (for which they didn’t get much (any?) credit even in the CP community).