It seems as though some of the principles involved with the creation of the DAO are asking for investment to build a security framework on top of the DAO to secure it from some types of known potential attacks.
Clearly I don't understand the scope of the proposal but my gut thinks either this group should have built security into the system from these known potential attacks before raising $150M.
Alternatively, what I envisioned with my proposals, the security measures should simply be included within the individual contracts. For example: This very security proposal is asking for 125,000 ETH, the contract should provide for a identifiable review team (say 1 well know coder and 1 well known lawyer) and an insurer for the contract their fees will be built into the contract. If the contract meets its investment goal, before the funds are released the reviewers must approve the contract and provide the investors a summary of the terms. If approved the insurance company will guarantee the investors money is not lost due to either fraud or some bug/error in the code causing a loss.
Edit: Submitted a DAO proposal to fund an insurance company to review and insure smart contracts on the DAO in the instance of bug/error in the code.
Clearly I don't understand the scope of the proposal but my gut thinks either this group should have built security into the system from these known potential attacks before raising $150M.
Alternatively, what I envisioned with my proposals, the security measures should simply be included within the individual contracts. For example: This very security proposal is asking for 125,000 ETH, the contract should provide for a identifiable review team (say 1 well know coder and 1 well known lawyer) and an insurer for the contract their fees will be built into the contract. If the contract meets its investment goal, before the funds are released the reviewers must approve the contract and provide the investors a summary of the terms. If approved the insurance company will guarantee the investors money is not lost due to either fraud or some bug/error in the code causing a loss.
Edit: Submitted a DAO proposal to fund an insurance company to review and insure smart contracts on the DAO in the instance of bug/error in the code.