Discourse on The DAO Rules and resulting attacks.pdf


Preview of PDF document discourse-on-the-dao-rules-and-resulting-attacks.pdf

Page 1 2 3 4 5 6 7 8

Text preview


process, allow them to withdraw Ether instantly and directly to any Ethereum address.
This change would neutralize most of the economics behind the Token-Value attack.
PART 5: Suggestions to “The DAO” token holders and the Curators.
Given the above discourse, we believe it would be irresponsible for the Curators to
whitelist any proposals until the DAO is upgraded to “Version 1.1” that implements
improvements to the Rules in order to mitigate the potential attacks described in this
paper. We suggest that the Curators reach a consensus on the way forward, and make an
announcement to all “The DAO” token holders as soon as possible.
It is our opinion that if no actions are taken to mitigate any of the attacks described in this
paper, all “The DAO” token holders should split from the DAO immediately and not
participate in voting on any proposals.
NOTE: THIS IS NOT FINANCIAL ADVICE. DON’T LISTEN TO US. WE ARE
NOT, AND WILL NOT BE HELD RESPONSIBLE FOR YOUR FINANCIAL
DECISIONS.
Special thanks to Vlad Zamfir, who spent quite some time discussing this paper.
If you have any comments or questions on this paper please direct them to dino at
smartwallet dot org