Topic: [ANN][slock.it][Company] IoT meets blockchain - A TheDAO proposal - page 22. (Read 66180 times)

hacked left and right huh? listen u big dummy...dude got remote hacked by port forwarding...if you know anything about network, you can easily scan and see what ports are listening...why would dude have port opened.....uhhhh duh it was due to a remote hack form a person controlling his PC/Machine.  But you wouldnt know that, jsut like you make up fake claims of Mist wallet being hacked left and right...LOL.  Link please hater!! stay broke

It's not that simple, you can decide to burn your dao token and get your ETH back (why you didn't just hold it to do that?). The problem is that if many of them do this, the tokens themselves start to get more valuable as there would be a finite number. I agree that if the DAO creates 1.5 billion at least 500 millions will be burned before any proposal is approved.

have fun with that. i wont touch that buggy thing.  poeple getting hacked left and right. gatecoin, big private miner for 7200ETH. and all from the legit holes known in the wallet.
so ya, have fun

HA, I just checked my MIST wallet.....WINNING.

so all the crypto world devs and owners from coinbase to genesis owners (wink twins) have "invested" in the DAO, but some weirdo on this thread claims its a scam?? Bud, show us your resume and see if it holds up with these geniuses so WE CAN BELIEVE YOU.

Has the purchasing of DAO slowed down at all? Where can I look at volume numbers, etc?

It will be interesteing to see which cross will be the more heavily traded
DAO/ETH   or   DAO/BTC ??

if ETH price rockets will it be a race to see who can exit the DAO first?

Why should we buy DAO / investing?

What we can we do with it? it is not sensible to simply buy ETH?

what does/said the community

my speculation with numbers tells me they will create some 2 Billion tokens. The value in $ will depend on ETH price (i guess it will raise, but its very volatile, so hard to tell numbers). I do hope alot of people will buy some tokens to make this project a full success. The more money they collect, the more they can spend on projects :-)

A lot of DAO tokens will be burned back to ETH so don't think that will be the final number it will decrease a lot, how much we don't know, it's pure speculation based on ETH price and DAO tokens price too when they start to get traded.

so um... at this point, does anyone else feel like the project is overfunded?  i almost think i should have keep my eth...

Full disclaimer: I put 1 eth in for 100dao..

Hmmm....from what I see, it just looks like DAO.Link is providing a "jurisdiction gateway" to clear up some of the legality questions that an autonomous crowdfunding mechanism is already rising.


Levelheadedness - wotta concept.

I think they will collect 30% of all ETH at the end. Or it could be that ETH will rise in value, then they collect less, but the total amount in $ would be bigger.

Now they have 10% of all ETH and I think thats just one third what they will collect at the end.

The price of ETH will skyrocket to 0.04. That what I see.

I wonder how is DAO going to make profits out of the funded proposals?
Usually, startup funding is quite complex legal process, and I can't see any anti-fraund protection.
So the question is: how is DAO going to get its invested ETH back from the contractors?

http://www.coindesk.com/the-dao-just-raised-50-million-but-what-is-it/

this raises more questions than it answers. it reads like the inbred aristocracy of seventeenth century Europe, and we don't know who is behind all of it.

I don't believe it's a scam

Yes, the DAO could exert a great deal of power over ETH. However, the chances are pretty good that the DAO will not be having constant  kumbaya moments. The chances are pretty good that eventually there will be one or more schisms, so there will be more than one DAO, or many will  just split on their own and retrieve their share of the ETH. Also, there is a chance that the proposals end up causing more losses than gains, so the DAOs influence would lessen.

if I grok this DAO correctly, it seems to be a bundle of people saying we will dev/curate dapps and proposals, governed by voting rights entrenched to DOA's owned.

Sort of like saying we will have the best bundle of smart "wdigets" under he DOA ubrella and the combined funding to back it.

Sort of like an aggregation/funds management service based in the Etherium.

If this is right then it seems the headless chicken of Eth did not have sufficient emergent properties to see this spontaneously arise, and DAO is there to try and rectify that. I am not saying this is bad, just the ETH is too knew for most models to adapt.

However given that around 10% of eth or more is in DAO, this looks open to another interpretation.

It sort of a like a mastercoin to made safe jump on a massive scale.

It seems Eth was widely more successful the the creators thought and they wanted to get some ETH back. So they invented dao.

If much more that 10% of Eth are collected, I wonder how well eth can function given the block or Eth in relatively small hands....if it get to 20%+ % then what?

its looking like DAO can dictate ETH terms, and this is a sort of reverse take over of ETH by DAO.

Maybe it will all work out for the better and I can see the logic of DOA to finally Make IOT more than a sticker name buzz word....

however I have been around too long to not have developed some health cynicism.

That said you may be forced to jump on the DAO boat at this point if you have ETH.

Nice discussion dude, may help to clarify some things...