Apparently some people are surprised by this.https://twitter.com/dominic_w/status/743719954537549824 …
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Replying to @anomalyuk
A truly autonomous agent requires a level of software reliability not comparable to normal business software - even banking software
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Replying to @anomalyuk
Every "normal" software system is actually a software+human composite with monitoring and manual override.
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Replying to @anomalyuk
A DAO would have to be made with the same techniques as avionics or medical devices. Implies 1-2 orders of magnitude less scale/productivity
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Replying to @anomalyuk
(This is also the root of my scepticism of Moldbuggian automated sovereignty solutions. Not impossible, but unprecedentedly hard).
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Replying to @anomalyuk
Financial software is not in fact written to any higher standards than most other business/consumer software (trust me on that).
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Replying to @anomalyuk
It is written to be very actively monitored and to have multiple layers of checks and opportunities to prevent or undo errors.
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Link to some expert (as in, he more or less predicted this 2 weeks ago) analysis: http://hackingdistributed.com/2016/06/17/thoughts-on-the-dao-hack/ …
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