#histoire
histoire
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Why there are two EthereumsThere are two Ethereums. One reversed a theft. The other left it on the ledger. They tell the same story up to July 20, 2016—and then not at all.
In the spring of 2016, a project called The DAO promised an investment fund with no boss: the rules would be written into a smart contract, a program published on the blockchain that runs by itself. Backed in particular by the German company Slock.it, it raised about 12 million ETH between April 30 and May 28, 2016—nearly $150 million at the time—in exchange for about 1.15 billion DAO tokens. These figures come from the investigative report later published by the U.S. SEC.
Why there are two Ethereums
There are two Ethereums. One reversed a theft. The other left it on the ledger. They tell the same story up to July 20, 2016—and then not at all.
In the spring of 2016, a project called The DAO promised an investment fund with no boss: the rules would be written into a smart contract, a program published on the blockchain that runs by itself. Backed in particular by the German company Slock.it, it raised about 12 million ETH between April 30 and May 28, 2016—nearly $150 million at the time—in exchange for about 1.15 billion DAO tokens. These figures come from the investigative report later published by the U.S. SEC.
In the spring of 2016, a project called The DAO promised an investment fund with no boss: the rules would be written into a smart contract, a program published on the blockchain that runs by itself. Backed in particular by the German company Slock.it, it raised about 12 million ETH between April 30 and May 28, 2016—nearly $150 million at the time—in exchange for about 1.15 billion DAO tokens. These figures come from the investigative report later published by the U.S. SEC.
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Portrait of the Banker
The Baron: Émile Frédéric,
D'Erlanger
Father of Baron
Rodolphe D'Erlanger,
founder of the palace
"Al-Najma Al-Zahra" in Sidi Bou Saïd...
In Tunis, Tunisia.
The Erlanger Bank of Émile Frédéric D'Erlanger, After a rocky start in Paris, secured significant deals
thanks to the famous Tunisian loans
from the years 1863 and 1865
initiated by Prime Minister Mustapha Khaznadar, under the reign of Bey Hussein,
deals that contributed
to the collapse of Tunisian finances and led to the establishment of the French protectorate in 1881.
Politics is the engine of prosperity or collapse in the economy. Mustapha Khaznadar had so heavily leveraged the country and multiplied the embezzlements that it had no say left, and occupation became inevitable.
#histoire #economy
Portrait of the Banker
The Baron: Émile Frédéric,
D'Erlanger
Father of Baron
Rodolphe D'Erlanger,
founder of the palace
"Al-Najma Al-Zahra" in Sidi Bou Saïd...
In Tunis, Tunisia.
The Erlanger Bank of Émile Frédéric D'Erlanger, After a rocky start in Paris, secured significant deals
thanks to the famous Tunisian loans
from the years 1863 and 1865
initiated by Prime Minister Mustapha Khaznadar, under the reign of Bey Hussein,
deals that contributed
to the collapse of Tunisian finances and led to the establishment of the French protectorate in 1881.
Politics is the engine of prosperity or collapse in the economy. Mustapha Khaznadar had so heavily leveraged the country and multiplied the embezzlements that it had no say left, and occupation became inevitable.
#histoire #economy
The Baron: Émile Frédéric,
D'Erlanger
Father of Baron
Rodolphe D'Erlanger,
founder of the palace
"Al-Najma Al-Zahra" in Sidi Bou Saïd...
In Tunis, Tunisia.
The Erlanger Bank of Émile Frédéric D'Erlanger, After a rocky start in Paris, secured significant deals
thanks to the famous Tunisian loans
from the years 1863 and 1865
initiated by Prime Minister Mustapha Khaznadar, under the reign of Bey Hussein,
deals that contributed
to the collapse of Tunisian finances and led to the establishment of the French protectorate in 1881.
Politics is the engine of prosperity or collapse in the economy. Mustapha Khaznadar had so heavily leveraged the country and multiplied the embezzlements that it had no say left, and occupation became inevitable.
#histoire #economy
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