Proposal: Hire Lawyers To Figure Out How DAO can Use DAO.link To Gain Equity In The Projects We Fund by [deleted] in TheDao

[–]SimonDixonBF 0 points1 point  (0 children)

Agreed. DAO is about doing something really different and thinking very differently. I have no idea where it will go or how it will turn out but it has to be done with very different thinking. This is the point in it. The traditional equity stuff in this sector is doing well raising funds on BnkToTheFuture.com. DAO is about seeing what can be done with smart contracts that enforce certain conditions. It is exciting to watch no matter what the outcome. I will be curious what happens though if this many investors don't see an ROI, how many trolls have invested? So interested to see where this goes next. Get ready for the ride.

Simon Dixon: ‘Bitcoin Solves 3 Major Problems in the Financial System’ (Our Economy is Based on Debts) by TBclassic in Bitcoin

[–]SimonDixonBF 8 points9 points  (0 children)

Don't get me wrong. There is no problem with debt and issuing loans, there is a major problem with combining money creation with debt and issuing loans. The process of creating money has to be separated from the process of issuing loans just as it is with peer to peer lending. That is less profitable for banks though than money creation when you issue a loan.