“[Projects like the DAO] are an inelegant and wholly unconvincing way to commit securities fraud, speaking kindly,” Preston Byrnes said at the Blockchain Conference in New York. He compared the DAO and other blockchain crowdsales to “cargo cults.” Such cults revolve around the belief that ritualistic acts like building an airplane runway will bring desirable […]
The post Eris Industries COO: “The DAO Is a Cargo Cult” appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
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