where did 100 million come from? That's a lot of dough for an ico. Any why didn't eth jump way up in price if 100million worth of eth spent?
It's up 50% since TheDAO creation-phase started...
From around .016 to .024.
Topic: The DAO questions (Read 703 times)
It's up 50% since TheDAO creation-phase started...
From around .016 to .024.
where did 100 million come from? That's a lot of dough for an ico. Any why didn't eth jump way up in price if 100million worth of eth spent?
My thoughts exactly. If I were going to fund a "vc melting pot", I'd rather hold my equity until said proposal was made, not beforehand, and then invest . Seems like you have to promise money to a thing that isn't real yet. Like paying income tax and waiting until uncle Sam decides to send back the remainder. The opportunity cost seems too high.
Disclosure: not invested in this, interested, but need to hear some compelling arguments.
Just trying to understand the DAO, not knocking it.
It's just a company that will invest in other things, like startups, right? It's similar to giving your money to Kickstarter or a venture capital fund? You get all the risks of a VC fund PLUS the currency risk of ETH? Are there extra benefits that you would not normally get from a regular investment in a startup? Why invest in the DAO?
It's just a company that will invest in other things, like startups, right? It's similar to giving your money to Kickstarter or a venture capital fund? You get all the risks of a VC fund PLUS the currency risk of ETH? Are there extra benefits that you would not normally get from a regular investment in a startup? Why invest in the DAO?
They did extensive Q&A about DOA if you need more info:
https://www.youtube.com/watch?v=weJXYCd9GsM
where did 100 million come from? That's a lot of dough for an ico. Any why didn't eth jump way up in price if 100million worth of eth spent?
Sure, if you don't actually vote and just hold tokens, you can still get benefits if the DAO makes good investments. The entire point is for everyone to vote though - the more people involved, the stronger the "wisdom of the crowd" effect is.
Eventually they will probably implement some form of liquid democracy system where you can delegate your tokens to be voted by a representative if you do not make a vote on a specific proposal.
Eventually they will probably implement some form of liquid democracy system where you can delegate your tokens to be voted by a representative if you do not make a vote on a specific proposal.
like they'd manage our token if we allow them? well hope the representative is better than anyone.
Sure, if you don't actually vote and just hold tokens, you can still get benefits if the DAO makes good investments. The entire point is for everyone to vote though - the more people involved, the stronger the "wisdom of the crowd" effect is.
Eventually they will probably implement some form of liquid democracy system where you can delegate your tokens to be voted by a representative if you do not make a vote on a specific proposal.
Eventually they will probably implement some form of liquid democracy system where you can delegate your tokens to be voted by a representative if you do not make a vote on a specific proposal.
but it is kind of an investment fund. Someone else will decide how your 'money' in invested.
You can call it what you like, but I would say it is an Ether investment fund, hopefully for investers it will be a well run one!
If they invest in the alts sphere, it will be very volatile. It could be very sucessful though, for Ether and DAO if Alts rise and are taken a bit more seriously.
You can call it what you like, but I would say it is an Ether investment fund, hopefully for investers it will be a well run one!
If they invest in the alts sphere, it will be very volatile. It could be very sucessful though, for Ether and DAO if Alts rise and are taken a bit more seriously.
Will DAO have value in the future even if you don't get to be involve by voting some proposals?
if for instance you have about just a 100 DAO and don't vote for anything so its value will still be just 1 ETH no matter what?
if for instance you have about just a 100 DAO and don't vote for anything so its value will still be just 1 ETH no matter what?
If you don't want to vote on proposals, then you shouldn't get involved. There are plenty of mutual and index type funds for more passive investors.
This is more than just investing. The DAO could potentially get involved with... anything it wants to. Literally no one knows how this will play out. Its an entity in control of $120m+ and no one knows exactly how it is going to behave.
This is more than just investing. The DAO could potentially get involved with... anything it wants to. Literally no one knows how this will play out. Its an entity in control of $120m+ and no one knows exactly how it is going to behave.
Effectively, you don't get to vote, since the majority of tokens are probably owned by a few big insiders. Even if my vote counted, I don't want to vote. I want someone that knows that they are doing to make the decisions.
Just trying to understand the DAO, not knocking it.
It's just a company that will invest in other things, like startups, right? It's similar to giving your money to Kickstarter or a venture capital fund? You get all the risks of a VC fund PLUS the currency risk of ETH? Are there extra benefits that you would not normally get from a regular investment in a startup? Why invest in the DAO?
It's just a company that will invest in other things, like startups, right? It's similar to giving your money to Kickstarter or a venture capital fund? You get all the risks of a VC fund PLUS the currency risk of ETH? Are there extra benefits that you would not normally get from a regular investment in a startup? Why invest in the DAO?
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