How to buy DAO tokens the easy way using Bittrex

biodieselchris

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CoinQuacker

Quote from: Soul_eater_123 on May 24, 2016, 02:39:21 PM

Quote from: biodieselchris on May 24, 2016, 12:13:54 PM

If you use the daohub.org to create DAO via Eth, they want you to send ETH to some addy, 0x123.....

So who owns the private key for the newly created DAO and how do you access them? I feel like ETH just sent off into the ether ... I'm still a little confused.

Don't worry. As long as you use the right kind of wallet (i.e. myetherwallet or MIST) then the DAO becomes automatically associated with your sending address and is associated with the private key of your send address. Only you should have control of that private key. The whole process is automated. When you are using an exchange like Bittrex then obviously they are in charge of the private key so you have to trust them.

I c, thx!

Soul_eater_123

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Quote from: biodieselchris on May 24, 2016, 12:13:54 PM

If you use the daohub.org to create DAO via Eth, they want you to send ETH to some addy, 0x123.....

So who owns the private key for the newly created DAO and how do you access them? I feel like ETH just sent off into the ether ... I'm still a little confused.

Don't worry. As long as you use the right kind of wallet (i.e. myetherwallet or MIST) then the DAO becomes automatically associated with your sending address and is associated with the private key of your send address. Only you should have control of that private key. The whole process is automated. When you are using an exchange like Bittrex then obviously they are in charge of the private key so you have to trust them.

biodieselchris

hero member

Activity: 579

Merit: 500

CoinQuacker

If you use the daohub.org to create DAO via Eth, they want you to send ETH to some addy, 0x123.....

So who owns the private key for the newly created DAO and how do you access them? I feel like ETH just sent off into the ether ... I'm still a little confused.

Soul_eater_123

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Activity: 952

Merit: 1000

Quote from: balvio on May 23, 2016, 08:14:31 AM

Thanks for the topic Wink

You're welcome:)

Soul_eater_123

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Quote from: moosedawg on May 23, 2016, 12:01:59 AM

Once DAO is on exchanges will the price ever go up? Or will it stay at a particular set price? And will the price of eth. Affect DAOs price?

It will go up and down like anything else most likely.

balvio

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XVP AMBASSADOR

Thanks for the topic Wink

moosedawg

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Quote from: Soul_eater_123 on May 22, 2016, 10:08:34 AM

New DAO article in New York Times:
A Venture Fund With Plenty of Virtual Capital, but No Capitalist
http://www.nytimes.com/2016/05/22/business/dealbook/crypto-ether-bitcoin-currency.html?_r=0

Once DAO is on exchanges will the price ever go up? Or will it stay at a particular set price? And will the price of eth. Affect DAOs price?

Soul_eater_123

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Activity: 952

Merit: 1000

New DAO article in New York Times:
A Venture Fund With Plenty of Virtual Capital, but No Capitalist
http://www.nytimes.com/2016/05/22/business/dealbook/crypto-ether-bitcoin-currency.html?_r=0

GeorgeAurea

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Quote from: NourStar on May 21, 2016, 07:52:02 PM

Quote from: Nxtblg on May 21, 2016, 06:03:30 PM

Quote from: NourStar on May 21, 2016, 05:35:31 PM

Quote from: Nxtblg on May 21, 2016, 05:25:02 PM

Quote from: NourStar on May 21, 2016, 05:18:51 PM

what is the benefit from buying dao tokens with eth???

If you want to buy during the pre-sale, ETH is the only way to get some. That'll change once the pre-sale closes and The DAO is listed.

ok from what i understand it's an ether investment that's right ?

It is during the pre-sale. In a sense, it always is because the successful Contractors will receive ethers to fund their approved proposals and will be obliged to pay out ethers once they make money.

please give me simple answer i can't understand good because my 1st lang not English

Yes, it's an ether investment.

Currently, you can only buy DOA's with ether.
After the 28st of May, when DOA's get listed on exchanges, you can also trade DOA's for other currencies.

NourStar

newbie

Activity: 10

Merit: 0

Quote from: Nxtblg on May 21, 2016, 06:03:30 PM

Quote from: NourStar on May 21, 2016, 05:35:31 PM

Quote from: Nxtblg on May 21, 2016, 05:25:02 PM

Quote from: NourStar on May 21, 2016, 05:18:51 PM

what is the benefit from buying dao tokens with eth???

If you want to buy during the pre-sale, ETH is the only way to get some. That'll change once the pre-sale closes and The DAO is listed.

ok from what i understand it's an ether investment that's right ?

It is during the pre-sale. In a sense, it always is because the successful Contractors will receive ethers to fund their approved proposals and will be obliged to pay out ethers once they make money.

please give me simple answer i can't understand good because my 1st lang not English

Nxtblg

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Activity: 924

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Quote from: NourStar on May 21, 2016, 05:35:31 PM

Quote from: Nxtblg on May 21, 2016, 05:25:02 PM

Quote from: NourStar on May 21, 2016, 05:18:51 PM

what is the benefit from buying dao tokens with eth???

If you want to buy during the pre-sale, ETH is the only way to get some. That'll change once the pre-sale closes and The DAO is listed.

ok from what i understand it's an ether investment that's right ?

It is during the pre-sale. In a sense, it always is because the successful Contractors will receive ethers to fund their approved proposals and will be obliged to pay out ethers once they make money.

NourStar

newbie

Activity: 10

Merit: 0

Quote from: Nxtblg on May 21, 2016, 05:25:02 PM

Quote from: NourStar on May 21, 2016, 05:18:51 PM

what is the benefit from buying dao tokens with eth???

If you want to buy during the pre-sale, ETH is the only way to get some. That'll change once the pre-sale closes and The DAO is listed.

ok from what i understand it's an ether investment that's right ?

Nxtblg

legendary

Activity: 924

Merit: 1000

Quote from: NourStar on May 21, 2016, 05:18:51 PM

what is the benefit from buying dao tokens with eth???

If you want to buy during the pre-sale, ETH is the only way to get some. That'll change once the pre-sale closes and The DAO is listed.

NourStar

newbie

Activity: 10

Merit: 0

what is the benefit from buying dao tokens with eth???

Soul_eater_123

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Activity: 952

Merit: 1000

Quote from: CryptoCoinWareHouse on May 21, 2016, 12:31:07 PM

the main thing is when you transfer the DAO from Bittrex to the MIST WALLET and the DAO is there ((( ARE YOU forced to inverst in a investment or can you just keep the DAO and wait till it goers up in value I heard that they take 1/2 the DAO weather you like it or NOT )))))

You still don't seem to understand how it works. Nobody takes your DAO tokens. You can sell them at any time after the creation period. I suggest you go and read the basics if you are confused (https://daohub.org/) also if you prefer go and look through the forums (https://daohub.org/forums.html) most of these points have been asked and answered multiple times there.

CryptoCoinWareHouse

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the main thing is when you transfer the DAO from Bittrex to the MIST WALLET and the DAO is there ((( ARE YOU forced to inverst in a investment or can you just keep the DAO and wait till it goers up in value I heard that they take 1/2 the DAO weather you like it or NOT )))))

Soul_eater_123

legendary

Activity: 952

Merit: 1000

New article of relevance to both Ether and DAO:

Forbes: Digital Currencies Show Potential To Be New Asset Class As Demand For Bitcoin Rival Ethereum Rises

http://www.forbes.com/sites/laurashin/2016/05/20/digital-currencies-show-potential-to-be-new-asset-class-as-demand-for-bitcoin-rival-ethereum-rises/#6b32a6876841

Soul_eater_123

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OK so there was an article relating to Ether being added to Coinbase (which is also going to rebrand to GDAX). The most interesting part though talks about the DAO: