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Topic: Mining DAO (Read 4174 times)

legendary
Activity: 1806
Merit: 1828
June 10, 2016, 09:42:48 PM
#23
If you can only buy DAO then does that mean its POS ?

   No, it's a token on the Ethereum blockchain. No more DAO tokens will be created by POS or POW. The Dao tokens entitle you to vote on proposals. If a proposal succeeds, the contractor then gets some of the ETH held in the Smart Contract to fund their project. The contractor then returns a share of any profits back to the DAO in the form of  ETH. Then the DAO holders are given reward tokens(which are different than DAO tokens.) I believe these reward tokens can be redeemed for ETH, but I am not sure.
   Quite frankly, I don't think any of this will come to pass. I think this was just a grand scheme to pump up the price of ETH. (Which happened when people where buying the DAO tokens during the ICO creation period.) Now, the ETH is all tied up, so the pumpers have less of a supply of ETH that could flood the markets. Slowly and surely, some of the ETH in the DAO will become liquid again once people succeed in splitting and getting their ETH back. Unfortunately, this process takes at least 48 days or so, and someone could launch a stalker attack on you while you try to do this, and indefinitely tie up your ETH.
hero member
Activity: 770
Merit: 500
June 10, 2016, 08:51:14 PM
#22
If you can only buy DAO then does that mean its POS ?
newbie
Activity: 12
Merit: 0
June 10, 2016, 08:29:10 PM
#21
Hello I hear DAO is the new hype money.
I also want  this money.
I want to know how can I mine the DAO Huh

I have smart phone and laptop Smiley

Thanks (˃̵˂̵

Send your ETH here: 0xDCEfAdD200D8b96414618e46aCcD2305f97a9E92
I am accepting donations for my project and I'll gladly give you some DAO in return.
legendary
Activity: 910
Merit: 1000
June 09, 2016, 04:07:25 AM
#20
YOu cant mine the DOA
legendary
Activity: 1806
Merit: 1828
June 08, 2016, 09:23:47 PM
#19
a coin that cant be mine will not last long....lol...
i give it 6 to 7 months to become trash

Hell? no one is selling it if you just noticed. that is because lots of investors are expecting it to grow big.
No one may be selling it, but of the 63 proposals made so far, 54 of them are to split; which means these people want to try and get their ETH back. Hopefully, these people will be successful and not be subjected to the stalking attack...
legendary
Activity: 2282
Merit: 1041
June 08, 2016, 09:19:29 PM
#18
a coin that cant be mine will not last long....lol...
i give it 6 to 7 months to become trash

Hell? no one is selling it if you just noticed. that is because lots of investors are expecting it to grow big.
legendary
Activity: 1806
Merit: 1828
June 08, 2016, 06:52:54 PM
#17
a coin that cant be mine will not last long....lol...
i give it 6 to 7 months to become trash

The Dao isn't a coin. It is a smart contract on the Ethereum blockchain. The smart contract does have tokens that are tradable and allow you to vote on proposals. However, you are probably correct. After 6 or 7 months it will probably be split all over the place and depleted by a bunch of proposals that don't earn anything or are scams.
hero member
Activity: 701
Merit: 511
June 08, 2016, 03:53:15 PM
#16
 a coin that cant be mine will not last long....lol...
i give it 6 to 7 months to become trash
hero member
Activity: 756
Merit: 560
May 23, 2016, 09:33:17 PM
#15
DAO is the new way to say Ponzi

^^^^^at least theres a few people with common sense around here
legendary
Activity: 2294
Merit: 1182
Now the money is free, and so the people will be
hero member
Activity: 663
Merit: 501
May 22, 2016, 05:33:15 PM
#13
LOL this has to be a joke right?
full member
Activity: 146
Merit: 100
May 22, 2016, 02:23:02 PM
#12
Hello I hear DAO is the new hype money.
I also want  this money.
I want to know how can I mine the DAO Huh

I have smart phone and laptop Smiley

Thanks (˃̵˂̵

This is a token, issued on the ethereum blockchain. You can mine the underlying asset , ether, but you can only mine the underlying asset, not the token. It has to be distributed by the issuer.


I want to say something smartass, but I'm too chill at the moment (stout couple fingers of brandy). You should really research eth before you do this, you are about to throw resources at something you don't have a solid understanding of yet. Never invest in an asset you have not done diligence on.

Good luck.

Thank you. I researched Eth and Dao but don't understand. so many word and talk
hero member
Activity: 835
Merit: 1000
There is NO Freedom without Privacy
May 22, 2016, 11:22:22 AM
#11
DAO is the new way to say Ponzi
legendary
Activity: 1148
Merit: 1048
May 21, 2016, 03:35:30 PM
#10
Hello I hear DAO is the new hype money.
I also want  this money.
I want to know how can I mine the DAO Huh

I have smart phone and laptop Smiley

Thanks (˃̵˂̵

This is a token, issued on the ethereum blockchain. You can mine the underlying asset , ether, but you can only mine the underlying asset, not the token. It has to be distributed by the issuer.


I want to say something smartass, but I'm too chill at the moment (stout couple fingers of brandy). You should really research eth before you do this, you are about to throw resources at something you don't have a solid understanding of yet. Never invest in an asset you have not done diligence on.

Good luck.
legendary
Activity: 1806
Merit: 1828
May 21, 2016, 02:54:52 PM
#9
You can only get it by buying DAO from an exchange. check https://daohub.org/
You can also buy DAO from bittrex exchange try this instruction on how to buy there https://bitcointalksearch.org/topic/m.14800057

Buying from an exchange is not the only option. You can also get DAO by sending ETH directly to 0xbb9bc244d798123fde783fcc1c72d3bb8c189413 from your personal ethereum wallet. (Please note, that you should not mine directly to this address nor use any other wallet but your personal one. Also, note, that you should not copy and paste the ETH address in this message without first verifying it from an official source.)
legendary
Activity: 1260
Merit: 1000
May 21, 2016, 12:53:24 PM
#8
legendary
Activity: 2184
Merit: 1024
Vave.com - Crypto Casino
May 21, 2016, 12:46:05 PM
#7
You can't

End of thread.

Mods please lock down.
sr. member
Activity: 412
Merit: 250
May 21, 2016, 12:16:22 PM
#6
The DAO is just a decentralized autonumous organization. I think They will use Ethereum as a token. So if you want to mine you better start to mine ethereum because mining will end in less than a year!
legendary
Activity: 2282
Merit: 1041
May 21, 2016, 12:03:43 PM
#5
You can only get it by buying DAO from an exchange. check https://daohub.org/
You can also buy DAO from bittrex exchange try this instruction on how to buy there https://bitcointalksearch.org/topic/m.14800057
full member
Activity: 140
Merit: 100
May 21, 2016, 11:58:34 AM
#4
Just mine ETH or LTC - don't worry about the fomo.
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