Don't know if I understand DAO right .Will lDAO in any way be a financing source for new projects/contrast?
well it's hard to explain. you would have to read all the documentation found in this thread on the DAO and what it is.
but basically their gonna take your money and ... somehow make the tokens they sell us worth more... and then...
well idk, i dont fully understand it myself, but i mean it's built on ETH , that's the trademark isn't it?
I've red documentation and I can't grasp it fully. The reason I've asked because I've had an outlandish vision that DAO could become a decentralised( or any other buzzword) platform as basket of indices on Wall street
I's a shame I don't get tis DAO to connect all dots .Well ,not all but at lest a bit more.
well it maybe could. i guess absolutely anything that the words "DECENTRALIZED AUTONOMOUS ORGANIZATION" brings to mind could be what "the dao will do" . it's a crazy ambitious project.
for me i won't worry about what it does , ill treat the token as i do all ETH tokens, as a trading coin. cause that's all their is to do with them all FOR NOW. this will be the same, trust me you will have atleast a year to understand what the dao is, as it will be atleast that long till it actually comes to a head .
are you inv....donating to this?
in all honesty, so far i am not.
it's oversold to say the least
there's a SHITPILE of tokens
it's looking centralized so far
and i am not a fan of having my btc locked for minimum 6+months. i will have the DAO tokens yes, but i don't wanna be forced to sell them IF btc hits 600+ ;p
so not really one for my personal portfolio
thanks. i agree with everything you've written, and there are so many variable factors that can influence the way this plays out over time. it's difficult to model/ impossible to model outcomes.
well exactly ;\
no each person should just figure out what works best for their own personal investment style and portfolio.
best of luck to you, thx for some intelligent convo!
Guys, don't forget that you can get out of the DAO by splitting the DAO after the crowd funding ends, after 28 days. So essentially you are not risking a great thing. If you don't like the price when this thing launches, you just split it and get your 1 ETH for 100 DAOs. You will probably even make a buck or two since there will be people that will invest for 1.5 ETH for 100 DAOs. Of course, I can't guarantee that ETH price won't plunge as well compared to BTC.
In a sense, this is a first fair crowd funding ever in crypto. Absolutely no premine and you can get your money back (Ethers) when crowd funding completes. Don't forget a little risk that ETH price might plunge comparing to Bitcoin!
Above reasons are enough for me to give a shoot to this thing!
Good luck to us all anyways!
when the DAO sale closes buy demand for ETH will weaken and the price of ETH will fall back to its pre DAO price. anyone who bought ETH during the DAO sale to fund the purchase of DAO tokens will be looking at an immediate loss if they split. if they stay in they are nursing a paper loss for an unknown period of time with their coin locked in...and during the halving. only those who bought DAO tokens with ICO ETH can split and not lose money.
ETH was trading at $7+, and then shot up to $9+ when the DAO sale opened.
unless an investor has very deep pockets and can buy a substantial number of DAO tokens then he or she is going to find themselves a back seat passenger along for the ride with no influence over where things are going. he or she could decide to split, but at what cost (the ETH price at that time)?
I don't care since I have put 100 ETH into DAO that I bought in January when prices of 1 ETH were sub $1. Granted, this was about 2 BTCs worth of Ethereum at the moment of locking ETH for the DAO.
Furthermore, you are already assuming that the Ethereum price will go down surely around June 1st. Why are you so sure? One good piece of news in the next 3 weeks and the price can shoot up to 0.025. Then again one bad news and the price can head the other direction, but welcome to the world of investing since this would be nothing buy a pure speculation.
And another thing, I am about 98% sure that the alleged BTC halving pump will never happen. We are about 2 months from halving and the price is not moving at all. The block size consensus is at the dead lock and I am ready to bet anything that the halving is already priced in.
Disclaimer: I own a nice amount of BTC and ETH, about 50-50 ratio and I would like to see a Bitcoin halving pump, and ever since December - January I believed that this pump will happen surely, buy mate it's already May 10th. I have lost my faith of this pump, plain and simple.
