Beating Buffett Series
We talked about smart contracts all the time.
From there on we talked about internet of things (iot) which can only be realised using blockchain technology.
Built on Ethereum, today slock.it with Gatecoin brings us the DAO (Decentralised Autonomous Organisation) crowdsale.
For every 1 ether you get 100 DAO.
After this? Hmmm…
It’s like Christmas, Valentines and Thanksgiving coming together on the same day!
If you are the earliest beneficiaries of Bitcoin and Ethereum, this is no big deal, just history repeating itself.
Watch this space for more excitement.
Slock.it UG commits to “The DAO”
We’re pleased to announce that Slock.it UG is now committed to submit its Proposal for the Ethereum Computer and its ecosystem of apps/dapps to The DAO ( http://daohub.org , forums are here ).
Unencumbered by a centralized control structure and at the center of arguably the most exciting technology development of the decade, The DAO will initially set its sights on the Blockchain + IoT economy but is ultimately free to engage on any product or services it may desire. With such powerful attributes, it’s no wonder this DAO is called The DAO.
We selected The DAO as a suitable DAO to submit our proposal to because it has the most developed community, has committed to deploy the latest code from the Standard DAO Framework to the letter and has an unbeatable, amazing set of Curator signatories.
We have also observed The DAO for a little while and we know for a fact that this community in particular is passionate about the same objectives, shares our values, and has a profound drive to improve the IoT and sharing economy sector.
I’m also delighted to see that our friends at Mobotiq are readying to submit a Proposal to the DAO. Realizing that the DAO can and will receive a plethora of Proposals over its lifetime is the ‘ah-ha!’ moment where the full scope of the DAO will become apparent.
The DAO is a chance to support a multitude of early stage projects that could have tremendous impact in the future, yet there will be only be *one* DAO Creation.
Following the community’s feedback, we will shortly make available a final version of our Proposal to the DAO, encode its operational parameters in a smart contract, and submit it to the esteemed DAO Curator to verify its bytecode. Voting on the Proposal will start almost immediately after The DAO has completed its Creation.
For all DAO-related information, please visit DAOhub.org. We also encourage you to install and synchronize the official Ethereum Mist wallet at https://github.com/ethereum/mist/releases (this can take quite a few hours!).
Finally, we also highly recommend the DAOhub forums at https://forum.daohub.org/c/theDAO for any question you might have.
Read More : TuiCool,com, Slock.it UG commits to “The DAO”