Both individually and collectively we learn more from our failures than from our successes. Failures make us question our assumptions, successes generally don’t. I therefore welcome the hack of the DAO (even if I wind up losing the 0.5 BTC I had converted to Ether and invested). It is exposing a lot of assumptions and that is the path to learning. The hack will not be the end of smart contracts or blockchains. Instead it will be more like the early failures in aviation. They are what gave us ...