©  Vikram Dhillon, David Metcalf, and Max Hooper 2017

Vikram Dhillon, David Metcalf and Max Hooper, Blockchain Enabled Applications, https://doi.org/10.1007/978-1-4842-3081-7_6

6. The DAO Hacked

Vikram Dhillon, David Metcalf1 and Max Hooper1

(1)Orlando, Florida, USA

Authors: Colin Forward, Vikram Dhillon

It is safe to say that “DAOism” is well on its way to becoming a quasi-cyber-religion.

—Vitalik Buterin1

In Chapter 5, we discussed the concept of decentralized organizations and the modus operandi of a DAO. Here, we want to highlight a historic moment leading to the creation of the first DAO, and how it eventually got hacked. Our discussion begins with a fresh perspective on decentralized organizations from Buterin, and leads into the story of ...

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