From DOH! to DAO: The Rise of Decentralized Organizations

From DOH! to DAO: The Rise of Decentralized Organizations
In the summer of 2016, Joe Lubin, one of the eight co-founders of Ethereum, was in midtown Manhattan to talk about how blockchain could transform accounting practices. While surely a fascinating topic, most people in the room that day wanted to know Lubin’s opinion in the wake of the theft of $55 million in ether from The DAO, a decentralized autonomous organization.This post is part of CoinDesk’s Culture Week.He’d never been a fan of the project – which pooled startup capital to fund Ethereum projects chosen by the DAO members. Only a week or so before, in a still controversial…