HONG COIN: A DECENTRALIZED ORGANIZATION IN THE SPIRIT OF "MACHINE AND MAN TEAMING"

The DAO, the Distributed Autonomous Organization that lives on the Ethereum blockchain, was designed to take money from investors and invest it in projects voted on by the investors and administered through smart contracts.  Then one exploitation of a smart contract bug made the whole system irreversibly loose over 50M USD.

In response, Hong Coin-a decentralized organization(DO) has been built on the blockchain in the spirit of  "Man and Machine Teaming."   MMT will evolve within the DO-when man and machine both exist to perform their best collaboratively.  The relationship will deliver the tools to the people-essential for greater control over their data and assets, instead of being hijacked by  coded machines  and surrendering to any problems which may evolve from flaws running in machines.

Citation:  Hong Coin Whitepaper.  http://hongcoin.org.  July 2016.