On that note, Vitalik presented a couple of days ago at the London Ethereum Meetup. Most of his engaging presentation - which will be made available on Youtube soon - focused on DAOs, warning against the dangers of badly written smart contracts, careless crypto-entrepreneurs and DAOs that are…well, not really DAOs at all.

By committing to adopt the Standard DAO Framework, Daohub.org is setting a precedent. The framework addresses all of the concerns Vitalik highlighted in his talk, including 51% attacks. The Framework was audited by one of the most prestigious security companies in the world, Deja Vu. Daohub.org is demonstrating its desire to act ethically as well as its true commitment to real decentralization.

Mobotiq is considering submitting a Proposal to the DAO for its Urban EV project

One page we really encourage you to have a look at is the one regarding Proposals. Another theme Vitalik focused on during the meeting was that the real value of Ethereum will be derived from synergies. This is where I think Daohub.org could really make a difference. The amazingly cool project Mobotiq recently expressed its interest in submitting a proposal to The DAO in the future. What if Slock.it was working with Mobotiq to build self-renting urban vehicles? What if Digix had gold securely stored up in ‘Slockers’? What if MakerDAO was working with Slock.it to allow Ethereum Computer owners to price their rentals in USD? The DAO is a chance to make this happen.

But what about you? Perhaps you’d like to submit a Proposal to The DAO for review. We recently put together a wiki with instructions on how to create the smart contract part of the Proposal. Feel free to submit the plain English version of your document with attached code on the DAOhub.org forum.

You could submit for-profit Proposals, similar to the upcoming Slock.it Proposal for the Universal Sharing Network and the Ethereum Computer. You could also submit not-for-profit Proposals that benefit The DAO indirectly, such as building a new GUI to make voting simpler for DAO Token Holders. You could even have Proposals to help develop the underlying Ethereum protocol in order to strengthen the foundations on which The DAO is built.

Anyone will be able to submit a Proposal to the DAO — so put your thinking caps on!

Talking about foundations, could the Ethereum Foundation submit a proposal to The DAO? You bet it could (and in my humble opinion, probably should). And for the lawyers in our audience who are wondering about the legal implications of all this — expect big news on our end very soon that will answer a lot of the questions you may have.

We realize that The DAO and its relationship to Contractors is a new concept and that some of the posts on this blog have at time appeared a bit complex, just like Ethereum was at its beginning. The DAO creation will happen ​once​ — but not all its opportunities have yet been uncovered. That’s what makes this project so interesting, and why we are dedicating so much of our time to make it a reality.