DAOs Have Bugs

<p>Decentralized Autonomous Organizations (DAOs) are automated voting systems, which (sometimes) happen to have large sums of cryptocurrency assets at their disposal for their members to vote on.</p> <p>And by "vote on", I mean that the members (the people who have voting tokens for the DAO) get to decide where that money goes through a voting procedure.</p> <p>Unless the DAO contains bugs. In which case, a malicious hacker gets to decide where that money goes. Which is usually into the hacker's pockets.</p> <p>More on that in this episode.</p> <p>PS: A test engineer mantra is that all code contains bugs, and we just haven't found them yet.</p> <p>PPS: Limited liability companies have bugs too. They've been fixing them since 1811.</p>