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Ok, I have read the page at https://daohub.org/ and I still don't know what "the DAO" is?

Is it a blockchain-centred crowdfunding platform?

This looks to me like something on the order of convertible warrants based initially on bitcoin/Ethereum, which convert to DAO tokens. DAO tokens appear to be some sort of collective ownership of "crypto assets" whatever THAT means. The website reminds me of a horse with peanut butter in his mouth -- his lips are moving but not much is being said...

> Is it a blockchain-centred crowdfunding platform?

Yes. It's a blockchain powered crowdfunding platform. Except it isn't just a medium to pre-order cool projects online(like Kickstarter is).

No this is not crowdfunding over blockchains. This is just someone putting up an address to collect money and issuing homemade tokens.

Haha, you really think that's all it is and they were able to convince people to send them $100 million to that address?

Reply on news.ycombinator.com