I breakdown everything I can about the DAO, from definitions to politics, including some interesting critiques that I hope can settle any confusion listeners have. I'm not an expert so please tell me where I got it wrong, or where I got it right.

Definitions I talk about:

• Tokens/Token Holders - create tokens by staking ether in the smart contract, each token has proportional voting rights, and ownership/equity rights.
• Curators - person or group of people that perform centralized roles for the DAO, they maintain the whitelist of contractors, vet proposals, and identifies proposal authors.
• Contractors - a third party that can receive ether from the DAO and/or is funded by or owes money to the DAO.
• Proposal - A smart contract that is voted on. Two types: "regular proposal" and "newCurator" proposal.
• Quorum - Voter participation rate needed to make a vote binding. 20% for a "regular proposal", none for a "newCurator" proposal.
• Split - If people don't like a proposal they can split from the DAO by forming a new DAO. Meant to be a way to update the curator and to protect the minority from a majority attack.

Links: DAO

Reinvent.Money YouTube

Dan Larimer Post about the DAO

DAO Whitepaper

Book of Qi - 36 Stratagems - "Kill with a borrowed sword"

Music: Choys - 3rd Floor

In this episode I talk about "blockchain no bitcoin" in regards to R3CEV's new funding round. I also, dissect the Morgan Stanley blockchain paper from last month. They just don't get blockchain and I find a lot of enlightening things in there. Lastly, I talk about the trade war heating up in the steel industry. The US just place up to a 522% tariff on Chinese steel. What's going on, and how does it involve Europe and the UK?

BitcoinErrorLog's blog

Morgan Stanley's blockchain paper

Steel Trade Wars

Chinese steel tariffs

More on Chinese Tariffs

Baltic Dry Index

Music: Choys - 3rd Floor Thanks for listening!

Debt and Demographics

Japanese Central Bank Total Assets

Japan debt to GDP

World Bank

Why can't japan shake it's economic malaise? Two words: old people.

Japan economic malaise

TECHBUREAU RAISES $6.2 MLN, FORMS PARTNERSHIPS FOR BITCOIN SERVICES DEVELOPMENT

Japan's Demographic Crisis: Any Way Out?

Japan, Bitcoin and Tokenization

Italy's Debt Trap—-Survival Or The Euro

Music by Choys - 3rd Floor

Hello World. In episode one I cover Liberty Reserve founder going to prison, my favorite quote from Consensus 2016, the rise of USDJPY trading volume, and the Gavin Andresen situation.