and being sold at 0.002 for 1 token at the ico..
I have invested in it, but i think this is the most risky coin around now, as it is way overbought.
we'll have to see
Topic: [ANN][slock.it][Company] IoT meets blockchain - A TheDAO proposal - page 29. (Read 66178 times)
May 09, 2016, 03:31:20 AM
This will be interesting to see launched, havent seen a coin thats over 200m tokens,
and being sold at 0.002 for 1 token at the ico..
I have invested in it, but i think this is the most risky coin around now, as it is way overbought.
we'll have to see
and being sold at 0.002 for 1 token at the ico..
I have invested in it, but i think this is the most risky coin around now, as it is way overbought.
we'll have to see
May 09, 2016, 02:12:52 AM
Interested, but this guys will be flooded with Bitcoins, what will lower the ROI.
Seconded, but a trend is a trend.
We are in a bubble. Big money is involved now. You have to buy in at $20,000,000 valuation and hope it goes to $200,000,000. It's pretty crazy. Limited # of good devs and tons of money wanting to invest = bubble.
The craziest thing is I bet this bubble will go way bigger in the end. There will be 100s maybe 1000s of cryptocoins over a billion marketcap before everyone realizes the majority of this stuff isn't worth that much.
Well said. You are one of the few people here that realize, that this will be so much bigger than 2013|2014.
My personal target is making 1 mio out of 3'000 until Summer.
May 09, 2016, 12:58:43 AM
I have about 1750 DAO , I am rich 
May 08, 2016, 11:56:52 PM
Yes finally got some DAO tokens! A little over 400 but its a start for now. Will buy more before ICO ends. 
May 08, 2016, 05:23:01 PM
This is looking to be quite a successful project already! Correct me if I'm wrong, but couldn't it "lose" some funding if Ethereum were to drop in value?
May 08, 2016, 02:39:00 PM
Those talking about a bubble in this ICO did not understand anything.
I seriously enjoy when newbie with 20 posts telling everybody he is smarter than a legendary member
May 08, 2016, 12:32:40 PM
DAO now has 3.5% of the current ETH coin supply.
The bubble edge approaches the needle point
The bubble edge approaches the needle point
At some point that ETH has to invested and liquidated. What happens to ETH price with that type of sustained sell pressure?
May 08, 2016, 12:21:07 PM
Those talking about a bubble in this ICO did not understand anything.
May 08, 2016, 08:36:14 AM
DAO now has 3.5% of the current ETH coin supply.
The bubble edge approaches the needle point
The bubble edge approaches the needle point
May 08, 2016, 05:06:36 AM
New to DAO, so may be asking a silly question: is eth DAO different from DigixDAO (DGD) that can be seen on Coinmarketcap ?
a DAO is a type of 'company' structure. an LLC is a type of company structure. there are many LLCs. there will be many DAOs. Digix is one, and "eth DAO" (do you mean the Slock?) is another. they are both DAOs, but they have no legal connection to each other. the future prospects of one should not be assessed based on the perceived success of another. i think that may help you, but your question was slightly ambiguous.
Thanks a lot buddy, yep i was referring to Slock and now I get a bit clearer picture about DAO
May 08, 2016, 04:47:36 AM
I want to thank bittrex for their dao wallet!
nice work, very easy to use
tnx richie
nice work, very easy to use
tnx richie
May 08, 2016, 03:30:36 AM
New to DAO, so may be asking a silly question: is eth DAO different from DigixDAO (DGD) that can be seen on Coinmarketcap ?
a DAO is a type of 'company' structure. an LLC is a type of company structure. there are many LLCs. there will be many DAOs. Digix is one, and "eth DAO" (do you mean the Slock?) is another. they are both DAOs, but they have no legal connection to each other. the future prospects of one should not be assessed based on the perceived success of another. i think that may help you, but your question was slightly ambiguous.
May 08, 2016, 02:43:54 AM
New to DAO, so may be asking a silly question: is eth DAO different from DigixDAO (DGD) that can be seen on Coinmarketcap ?
May 07, 2016, 03:54:42 PM
Prolly going to be $50 Million ++ Crowdsale.. Amazing
May 07, 2016, 03:43:41 PM
Holy Moly we are at almost 24 million $ and it is growing
May 07, 2016, 02:45:32 PM
I have a question though...
If the point is to 'get rid of the middleman' in the services such as AirBnb, etc. then isn't Slock a new middleman? It's just a decentralized one, but at the end of the day, it's still a middle entity.
The only advantage to this is if we lose trust in centralized entities. But there's still going to be a fee for transactions, otherwise no one would bother investing into these slocks. My point is, for many of the applications like renting and selling, we already have a lot of trust in the centralized providers. The place where people lack trust is in the banks and financial institutions, but even there, most people who have the problem are conspiracy theorists. I keep most of my money in the bank. It's bitcoin and cryptocurrency that are in fact much more dangerous. If you don't store it properly you can get hacked, stolen, etc. But with a bank, that's all taken care of. I live in the US, so unless you're a loony nut who thinks the world is going to collapse, your money is fairly safe in a bank, under $250k.
So really why do we want to get rid of AirBnb? Is a decentralized system really better? And will it actually cost less?
Nonetheless, I will be investing in this for short term profit. I'm sure it will moon, but most people don't really care about the real world application.
If the point is to 'get rid of the middleman' in the services such as AirBnb, etc. then isn't Slock a new middleman? It's just a decentralized one, but at the end of the day, it's still a middle entity.
The only advantage to this is if we lose trust in centralized entities. But there's still going to be a fee for transactions, otherwise no one would bother investing into these slocks. My point is, for many of the applications like renting and selling, we already have a lot of trust in the centralized providers. The place where people lack trust is in the banks and financial institutions, but even there, most people who have the problem are conspiracy theorists. I keep most of my money in the bank. It's bitcoin and cryptocurrency that are in fact much more dangerous. If you don't store it properly you can get hacked, stolen, etc. But with a bank, that's all taken care of. I live in the US, so unless you're a loony nut who thinks the world is going to collapse, your money is fairly safe in a bank, under $250k.
So really why do we want to get rid of AirBnb? Is a decentralized system really better? And will it actually cost less?
Nonetheless, I will be investing in this for short term profit. I'm sure it will moon, but most people don't really care about the real world application.
I think of it this way. When Email appeared people probably were asking the same question: Why do we need this, we already have a letter box and postman-everything works just fine...I guess it's all about speed and cost of contract creation and execution+security and automatic disputes settlements etc.Accountants ,lawyers and bankers would become obsolete in a such system .Although it will take many years if at all because of such system complexity to get there but I would love it
And on the subject of keeping your assets in a Bank, well simply you don't own them because they are not in your custody and you rely on trust and promises that you will be covered under £250k or any other amount they promise. However in a real live promises can and are broken... and when that happens people want to turn a clock back and take some actions unfortunately it is not possible. And to find out how banks "take care" of your money you just need too look at the history-they do care until they have "problems" and when that happens-you are the one who is paying for it .By the way banks also are hacked and personal information and money are stolen on everyday basis and on the massive scale. Just guess what would happen in a real SHTF scenario...
So there is a lot of room for system improvement and block chain technologies doing exactly this.
This answer doesn't address coinbiz' issues. Why would we need a decentralised middleman? In the end, we have a middleman again. By the way, with a decentralised one, there's no support desk whatsoever. And there are plenty of things that can go wrong with 'smart' contracts.
As for 'owning' stuff, that's all just custody until we are gone. And keeping funds solely decentralised raises the same issue as above. Who is going to mediate disputes? No sir, everything is not all that utopic, it seems.
Oh, by the way coinbiz, this is from the DAO participation terms.
..."represent and warrant that you are not exchanging cryptocurrencies for The DAO tokens for the purpose of speculative investment;"
Guess you can't join.
May 07, 2016, 01:44:19 PM
isn't ETH price going to collapse when this DAO closes?
mm i have the same doubt
i hope noNo one really knows anything anymore, price of ETH, BTC, DAO and many other altcoins can really go either way. Many thought that 2016 would be the year BTC would go mainstream (many predicted that BTC would be above $1000 by this time already) but I think there's an abundance of doubt and skepticism above anything else.
I personally feel decentralization and cryptocurrency still is 25 years ahead (if not more) from the mainstream and established institutions. And for any of these projects to be successful you need one or the other (or both of course!).
May 07, 2016, 01:39:11 PM
isn't ETH price going to collapse when this DAO closes?
mm i have the same doubt
i hope no May 07, 2016, 10:45:01 AM
isn't ETH price going to collapse when this DAO closes?
May 07, 2016, 10:19:14 AM
People who bought Eth during ICO (~30 Cents) invested heavily in DAO in the first few days. For the rest of us, Eth now is at 9.7 $ which is very expensive.
Are you 12?
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