A call for a Temporary Moratorium on the DAO
Hi Everyone!
I'm making a call for a temporary moratorium on the DAO. If it goes into effect, the moratorium would last until certain security issues are resolved.
The purpose of the moratorium is to protect the DAO's token holders against the affirmative voting bias, and to prevent attacks. The fixes to these problems meet the token holders' expectations that the Curators are able to prevent majority takeover attacks, and the expectation that token holders are able to withdraw their money at any time.
This is a result of a two-week deep dive into the DAO's rules and game theory. Dino Mark and Emin Gun Sirer took a lot of time to audit the DAO's code and, with help from other community members, we have done a lot of analysis of the mechanism design/game theory of participating in the DAO.
Here's Emin Gun Sirer's blog post on the topic: http://hackingdistributed.com/2016/05/27/dao-call-for-moratorium/
Here's a work-in-progress paper documenting our analysis in detail. https://docs.google.com/document/d/10kTyCmGPhvZy94F7VWyS-dQ4lsBacR2dUgGTtV98C40/edit#
Edits to come.