[omginternets]

This was an interesting read, so first and foremost thanks -- I'm glad you took the time to spell it out.

Firstly I'm a bit confused. I interpreted your initial comment as saying that it was a bad idea for the Ethereum protocol developer to hold $115k DAO tokens, but now I get the sense that you were saying the DAO, as a whole, was a bad idea. Could you just clarify which it is?

Secondly, I get the sense that you're making two types of claims: a) claims of incompetence on the part of the DAO/ETH team (which seems to be the general consensus) and b) claims of fraudulent malevolence.

As a layman, I'm interested in getting a better picture of the latter. Couldn't this "just" be a case of shoddy craftsmanship and absence of due diligence on the part of investors? I apologize, but I don't see the scam per se. Please be aware that I'm only superficially familiar with smart-contract technology.

[soconfused1]

My point was that anyone would look at theDAO concept and invest 115,000 is a mind boggling to me. Its not a good arrangement for the investors.

The developer who works on the protocol should have known better and also read the code.

I also personally think that anyone working on the protocol should not be holding securities that the non profit foundation they work for is promoting. And they should then not be using those non profit funds to change the fundamental principals that were advertised to raise the funds.

The whole situation is a mess