Keywords/phrases: The DAO. I invest in a number of cryptocurrencies because the best way to learn is to do, and so you have to hold a token. I warned people that this is the first one, it’s completely untested and will be extremely risky. The most interesting lessons come not from success but from failure. The most interesting science comes from analyzing the debris of a fiery explosion. You need destruction in order to learn; this isn’t theoretical, we’re doing them. Soft fork or fail? Should this precipitate a soft fork followed by a hard fork? The precedent may cause more problems than it solves. This doesn’t change the fundamental nature of smart contracts, Internet of Things, DAOs, etc. and more of them will blow up. That’s the price you pay for innovation.