The DAO

“I think that this showed how unreliable and useless Ethereum is as a transactional layer for these things. You know, the fact that these poor people now have money stuck in a DAO that they can't get out of because it would, the gas fees would negate their cont…”

“It cost tens of thousands to hundreds of thousands of dollars to do an equity crowdfunding. This cost nothing.”

“If people want to issue a token that's raising money for a company, let's regulate it as a security. If they want to issue a token that's truly on a decentralized protocol, or has some other purpose like voting in a DAO or rewards or something like that, then …”