We don't want everyone to split back to eth after TheDao creation and before the first proposal.
TheDao is a success when it spawns other DAOs, not when it funds the UniversalSharingNetwork or slockit.Slockit is an awesome project and should definitely receive a strong vote on funding its
proposal. This vote should come as a split of TheDao to a SlockDao, not as a first-round
obligated expense on all TheDao holders.If TheDao accepts any non-split proposal, this will have the most dramatic change on the nature of TheDao as a virgin genesis-funding pool. EtherFundingDao seeks to retain that nature in some way.This is a proposal to migrate TheDao funds to a fork of TheDao (EtherFundingDao?) which will contain changes to the process whereby initial investment value is channeled to diverse projects. The intent is to provide more power to the investor to decide which projects to fund, as well as creating a marketplace where projects showing a good track record of their reward tokens will be automatically capitalized by the conversion of EtherFundingDao tokens to ProjectDAO tokens.
EtherFundingDao's creation phase will be the period of voting to split from TheDao. No new tokens will be created after creation.
EtherFundingDao will only accept split proposals. No proposals can be made for direct contractor funding.Contractors looking to fund their projects will issue split-proposals where their ProjectDao is a child of EtherFundingDao. Child DAOs operate with the exact rules of TheDao. Each ProjectDao will have its own reward tokens and
all ProjectDao tokens will retain the right to split back to eth like all children of TheDao. There is no date-expiration of ability to select the split-path that an owner may distribute their
EtherFundingDao tokens. EtherFundingDao tokens may be converted to any ProjectDao tokens at any time.There is no voting or "majority rule" obligation for EtherFundingDao tokens. TheDao voting rules
apply only to ProjectDAOs.
By removing the date-expiration of split participation by uncommitted EtherFundingDao tokens, ProjectDao
tokens can be "diluted" as uncommitted EtherFundingDao tokens are allowed to flow in at any time, but this influx also brings the investment of a burned/converted TheDao token and
associated eth-backing value.The same curator list as TheDao will be used for EtherFundingDao. It is expected that all ProjectDAOs
will have their own curator list.It is also worth mentioning, if the behavior of this proposal of interest to the DaoHub community, it
could be accomplished without the need to migrate to EtherFundingDao. The
existing TheDao, with cooperation of the curators in maintaining a
strict and trusted list of acceptedRecipients, could publish and
adhere to a rollout timeline which includes a period for the introduction of split proposals before any proposals
that would take funds directly from TheDao.Is this TheDao2.0 or TheDao1.1? Is there interesting in coding this fork? What are the attack vectors?
 The DAO