Topic: [ANN][slock.it][Company] IoT meets blockchain - A TheDAO proposal - page 33. (Read 66178 times)
May 04, 2016, 06:43:49 AM
the big problem here is that ETH ICO holders from 2014 will be able to dominate the DAO allocation. with ETH at $9/ $10 new entrants will be at a serious economic and therefore voting disadvantage. it's engineered from the outset to favour the few over the many. very unbalanced indeed.
May 04, 2016, 03:51:07 AM
what are the voting thresholds of the DAO?
if a couple of whales take large blocks of 'shares' that guarantee that their preferences are passed due to their voting power over the other stakeholders where's the true democracy? they could direct the DAO to fund their own company and syphon off the ICO funds. if the identities of DAO 'shareholders' are unknown then fraud is a possibility.
if a couple of whales take large blocks of 'shares' that guarantee that their preferences are passed due to their voting power over the other stakeholders where's the true democracy? they could direct the DAO to fund their own company and syphon off the ICO funds. if the identities of DAO 'shareholders' are unknown then fraud is a possibility.
From https://daohub.org/voting.html
Quote
Accepting a Proposal requires a majority decision after a debating period of two weeks minimum, and a participation rate of 20% or higher calculated proportionally to the value of ETH requested in the Proposal.
So yes, one or more large holders could potentially sweep in and affect the outcome of a proposal. As for whales setting up their own proposals seeking investors, sure they can. But it's then up to the rest of the investors to go through the proposals and vote for or against said proposal. I guess will we have to see how this all plays out once the DAO has launched.
As a comparison, looking to how the budget proposal voting works in DASH, each proposal has to be voted up before any funding can be paid out. There is a threshold that goes up so the proposal has to have a % more YES than NO, not just a general 20% yes based on the value of the proposal. Say for instance a proposal has 20% yes and 15% no, it will most likely not get passed in the DASH system.
May 04, 2016, 03:09:58 AM
what are the voting thresholds of the DAO?
if a couple of whales take large blocks of 'shares' that guarantee that their preferences are passed due to their voting power over the other stakeholders where's the true democracy? they could direct the DAO to fund their own company and syphon off the ICO funds. if the identities of DAO 'shareholders' are unknown then fraud is a possibility.
if a couple of whales take large blocks of 'shares' that guarantee that their preferences are passed due to their voting power over the other stakeholders where's the true democracy? they could direct the DAO to fund their own company and syphon off the ICO funds. if the identities of DAO 'shareholders' are unknown then fraud is a possibility.
May 04, 2016, 12:50:02 AM
I wonder if this DAO could be abused as a way for a company to get free funding. Do we even get equity shares in slock.it?
May 03, 2016, 10:50:46 PM
May 03, 2016, 04:21:23 PM
Can DAO go mainstream?
May 03, 2016, 04:09:09 PM
So I read you can buy DAO with BTC on Bittrex. Anyone knows more about how it works? is there a tutorial from bittrex or something similar?
Log in on Bittrex, then go to
https://bittrex.com/balance/dao
there you can buy DAO tokens with ETH.
Thanks a lot for the link! It cut short a lot of hassle for me.
May 03, 2016, 11:03:02 AM
Pretty impressive numbers so far.
May 03, 2016, 11:02:46 AM
This is a definite investment for me
May 03, 2016, 09:50:49 AM
Following your project mate, good luck to all investors
May 03, 2016, 09:16:07 AM
I've heard that a lot of people are betting even bigger on Slock.it than they did with Ethereum. $13.60 Million dollars raised so far. This is a definite investment for me. Can't miss this train like I did with ETH. 
You're assuming those 1,4 million Ethers can all be sold for 0.02 BTC. That's obviously not the case, as this would crash all markets.
May 03, 2016, 07:47:06 AM
how will be the % possibilities of price under 1/100 when ico ends?
May 03, 2016, 06:22:30 AM
This is gonna be so much fun when trading starts.
May 03, 2016, 04:00:31 AM
Invested with some ETH I couldnt help it.
May 03, 2016, 03:26:13 AM
May 02, 2016, 10:56:04 PM
I've heard that a lot of people are betting even bigger on Slock.it than they did with Ethereum. $13.60 Million dollars raised so far. This is a definite investment for me. Can't miss this train like I did with ETH.
May 02, 2016, 04:50:21 PM
Very Simple
ETH in Exhange => ETH wallet => https://daohub.org/index.html
30 seconds you can check the amount of tokens bought with inputing ETH address
ETH in Exhange => ETH wallet => https://daohub.org/index.html
30 seconds you can check the amount of tokens bought with inputing ETH address
That's simple
May 02, 2016, 04:37:36 PM
I have a question before the end of the ISO can be withdrawals DAO c Bittrex?
CheckDAO Sale
https://daohub.org/
http://download.slock.it/public/DAO/Proposal1.pdf
https://download.slock.it/public/DAO/WhitePaper.pdf
but recommend use ETH to buy DAO.
May 02, 2016, 04:02:09 PM
13 millions $ in 2 days 
sr. member
Activity: 397
Merit: 250
The Experience Layer of the Decentralized Internet
May 02, 2016, 12:02:53 PM
I have a question before the end of the ISO can be withdrawals DAO c Bittrex?
CheckDAO Sale
https://daohub.org/
http://download.slock.it/public/DAO/Proposal1.pdf
https://download.slock.it/public/DAO/WhitePaper.pdf
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