_ Here's how it works: Anybody can ask a question Anybody can answer The best answers are voted up and rise to the top up vote 1 down vote favorite What does DOA stand for?I've seen this in the context of P2Pool stales, specifically here.p2pool terminology shares up vote 3 down vote Dead On Arrival.The term is referring to about valid shares your miner discovers that were found too late to be included in the P2Pool internal block chain and therefor aren't paid to the miner.Counter intuitively a DOA share can still be a valid Bitcoin block.Browse other questions tagged p2pool terminology shares or ask your own question.Is The DAO really DOA?A hack has drained millions of ETH from The DAO, destroying its value.Is the Next Big Thing already over?The DAO launched to immense fanfare, collecting over $100 million in ETH - one in every seven Ethereum in existence.It is an intriguing and exciting project.Decentralised Autonomous Organisations are designed to enable shareholders to vote collectively upon proposals, removing centralised points of failure in the decision-making process.

It’s like a company run entirely by its owners, entirely for their benefit.And yet there are problems with idea - not least that the so-called wisdom of crowds is not that wise.bitcoin preis steigtBitShares’ Dan Larimer explained some of the potential issues in this post; BitScan has offered its own opinions too.klienta bitcoinWhat no one seems to have foreseen is what happened on Friday.bitcoin cointelegraphThis post appeared on Steemit: ‘There is an attack going on against “theDAO”.A recently discovered recursive-split attack can be used to to initiate ether-sends before the contracts burns them.Buy this the contract will hand over ETH that you shouldn't have control over.’ The value of DAO plummeted, rapidly losing two-thirds of its market cap, with Ethereum also being dumped.

DAO started at 0.00025 BTC on Poloniex; within 90 minutes it hit 0.00008.Ethereum lost 30% of its market cap in the same period.Deposits and withdrawals were disabled, but the damage was done.Critics will say this was an accident waiting to happen (and they would be right) In terms of impact, it’s too early to say - but there are three obvious casualties here.At the time of writing, it’s not clear how bad the damage will be and whether it has been possible to stem the haemorrhage of ETH from The DAO.(You can check here: The DAO’s main account started with around 12 million ETH.)Whatever, The DAO is now insolvent.If it has enough ETH left to survive, it will have suffered a massive loss in confidence - and for good reason.It will likely never recover fully.Aside from the crash in price, this episode will likely have a knock-on effect for confidence in Ethereum, and smart contracts more generally (Lisk also crashed on the news, despite having nothing directly to do with it).There will be questions about how safe decentralised applications really are and how well designed and coded Ethereum and The DAO are.

Expect misunderstandings to abound.There is also the question of millions of stolen ETH overhanging the market.The community has been talking about a fork to rollback the blockchain - which would 'solve' the problem but be potentially disastrous for future confidence in a supposedly decentralised and immutable blockchain.We were emerging from our Wild West phase and gaining mainstream respect and attention.This won’t change that, but it will turn a spotlight back on some of the shadier aspects of cryptocurrency.Inevitably, some of those who hear about this will take it as a reason to back off or throw mud.Crypto moves fast and tomorrow will be business as usual.Just for a moment, though, it felt like we were back in 2014.There’s still a way to go, folks.Ethereum’s New DAO Looks to Turn Businesses Into Decentralized Code Everyone within the digital currency ecosystem now knows that Ethereum has built a future around the concept of “smart contracts” within their Ethereum platform.

Now, the team at Ethereum is looking to make traditional, hierarchical, centrally governed companies obsolete with their decentralized autonomous organization (The DAO) concept.So how was The DAO created?The DAO was created by the best and brightest developers at Ethereum, Mist and others startups, including Ethereum's founder, Vitalik Buterin.Within The DAO’s mission statement, The DAO will use Ether, Ethereum’s currency of which it may gain as much as $100M USD worth of ether for this project for funding.This ether will be used to support projects that will provide a return on investment or benefit to The DAO and its members and benefit the decentralized ecosystem as a whole.A truly decentralized organization run through a blockchain would mean that the individuals that form it stay in control of its funds, vote on its future and get rewarded when it succeeds.The DAO community will vote on approving or declining proposals submitted in English backed by smart contract code.Voting rights will be proportional to the amount of tokens held.

The proposals submitted to The DAO by contractors, define how much or how little control over its operational responsibilities The DAO "outsources" to the contractors.It is expected that most of the time, the proposals submitted will give day-to-day operational control over to the contractors while enforcing strict payment schedules executed in predefined installments so that The DAO token holders keep control over their ether at all times.This model provides a good middle ground between excessive micromanagement and fully trusting a contractor while allowing experimentation with more complex governance models in the future, said a blog post.An example of The DAO’s proposal in action is slock.it, the Ethereum blockchain and IoT device for the sharing economy.Another is Mobotiq which has a vision of modular Electric Vehicles that can be rented P2P is a perfect fit for the blockchain.Integration with Ethereum could enable the development of fully autonomous, self-renting vehicles."I describe what slock.it does as something like this: it's a company that makes door locks that can rent themselves,” said Ethereum designer Alex Van de Sande.

“This is not a door lock that connects to the internet and uses a service like AirBNB to get a credit card etc.The lock itself has a wallet, rents itself using digital money and sends funds to the parent company.""The company itself is a digital company: this is not a 'virtual' company registered in Delaware with a branch in Ireland and offices in San Francisco.It's an actual digital company that only exists on the internet.And they are funding themselves via the blockchain.Not using VCs, not using tech enthusiasts' funds, not using a big company like Alphabet.They are overstepping all that by selling their digital shares of a digital company directly using the blockchain."In a pseudonymous for-profit environment, there is a risk that someone who could acquire 51% of The DAO tokens could then submit a proposal that acquired all the funds in The DAO.To prevent this happening, The DAO has a system whereby the community nominates curators and only they can add contractor addresses to a whitelist, authorizing them to receive ether from The DAO.