Bitcoin & Markets

I breakdown everything I can about the DAO, from definitions to politics, including some interesting critiques that I hope can settle any confusion listeners have. I'm not an expert so please tell me where I got it wrong, or where I got it right. Definitions I talk about: Tokens/Token Holders - create tokens by staking ether in the smart contract, each token has proportional voting rights, and ownership/equity rights. Curators - person or group of people that perform centralized roles for the DAO, they maintain the whitelist of contractors, vet proposals, and identifies proposal authors. Contractors - a third party that can receive ether from the DAO and/or is funded by or owes money to the DAO. Proposal - A smart contract that is voted on. Two types: "regular proposal" and "newCurator" proposal. Quorum - Voter participation rate needed to make a vote binding. 20% for a "regular proposal", none for a "newCurator" proposal. Split - If people don't like a proposal they can split from the DAO by forming a