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Topic: Why would anyone buy this DAO crap? (Read 6491 times)

full member
Activity: 146
Merit: 100
June 19, 2016, 10:06:34 PM
Waves was sddc to bittrex
member
Activity: 115
Merit: 10
June 19, 2016, 08:49:39 PM
How about an automated way to lock up 10% of the tokens for a month while the bar raises high enough to drop the eth hammer 30% harder?

Oh wait no, thats a reason to sell it.

woah self bumping this now. because look at what happened a month later with 10% or the tokens and the hammer falling a bit more than 30% Cheesy

fucken told ya's
legendary
Activity: 1148
Merit: 1048
May 25, 2016, 03:09:39 PM


Anyone want to invest in a perpetual money making machine?

The image is only a prototype as the shadowy autonomous organisation who initially invested in the project are thinking of removing the bankrupt option. It went to a vote at the last board meeting but we couldn't work out who voted for what due the decentralised nature of the committee.

Each proposed share costs half a bitcoin, a few dash and a decimal fraction of monero.

By investing you will own the rights to a signed message of a hash of a share but you can cash out to dogecoin soft toys at any time.

Mark Karpeles has been quoted describing the project as 'risk free'

Who's in?

I'll take 100 shares please.. hold them for me until the price tanks.

Winning. Wink
legendary
Activity: 2660
Merit: 1009
May 25, 2016, 03:02:24 PM


Anyone want to invest in a perpetual money making machine?

The image is only a prototype as the shadowy autonomous organisation who initially invested in the project are thinking of removing the bankrupt option. It went to a vote at the last board meeting but we couldn't work out who voted for what due the decentralised nature of the committee.

Each proposed share costs half a bitcoin, a few dash and a decimal fraction of monero.

By investing you will own the rights to a signed message of a hash of a share but you can cash out to dogecoin soft toys at any time.

Mark Karpeles has been quoted describing the project as 'risk free'

Who's in?
legendary
Activity: 2436
Merit: 1849
Crypto for the Crypto Throne!
May 25, 2016, 07:11:25 AM
we are going into a liquidity crunch where liquid cash is the most valuable asset (fiat paper not in a bank, bitcoin, gold, etc) and stocks are going to crash.  Yet these guys are investing in something with the fundamental of a stock, except it has no product, no revenue, no employees, no business, no nothing.

so even if they manage to get that put together and develop something, it's still the same thing as buying any random stock

and slock.it is pointless

You would be far better off buying something on the real stock market where you can personally verify some type of fundamentals, but all of those are going to crash anyway.

Your right. But the reason of this actions is more simple - people are stupid. And they are easy to be manipulated.
hero member
Activity: 693
Merit: 508
May 25, 2016, 04:27:52 AM
Many people are complaining to this kind of altcoin but never see any potencial of this coin and i think there's no grow for this coin..
I will stay at cbx..

Eth has great potential. Just not right now, as an investment, because you would be buying into a peak. Also, there are governance concerns. Not for eth, for the DAO.

I think there is not much difference in terms of profitability of the DAO and conventional venture funds.
legendary
Activity: 1148
Merit: 1048
May 23, 2016, 08:54:50 PM
Many people are complaining to this kind of altcoin but never see any potencial of this coin and i think there's no grow for this coin..
I will stay at cbx..

Eth has great potential. Just not right now, as an investment, because you would be buying into a peak. Also, there are governance concerns. Not for eth, for the DAO.
legendary
Activity: 1260
Merit: 1000
May 23, 2016, 04:06:24 AM
#99
Many people are complaining to this kind of altcoin but never see any potencial of this coin and i think there's no grow for this coin..
I will stay at cbx..

I'm going to need an English translation of that.

Sig spammer who is also spamming something called CBX

So probably a DAO investor then...
legendary
Activity: 2968
Merit: 1198
May 21, 2016, 02:33:02 PM
#98
Many people are complaining to this kind of altcoin but never see any potencial of this coin and i think there's no grow for this coin..
I will stay at cbx..

I'm going to need an English translation of that.

Sig spammer who is also spamming something called CBX
legendary
Activity: 1260
Merit: 1000
May 21, 2016, 02:03:59 PM
#97
Many people are complaining to this kind of altcoin but never see any potencial of this coin and i think there's no grow for this coin..
I will stay at cbx..

I'm going to need an English translation of that.
legendary
Activity: 2058
Merit: 1030
I'm looking for free spin.
May 21, 2016, 11:51:34 AM
#96
Many people are complaining to this kind of altcoin but never see any potencial of this coin and i think there's no grow for this coin..
I will stay at cbx..
hv_
legendary
Activity: 2534
Merit: 1055
Clean Code and Scale
May 21, 2016, 11:45:06 AM
#95
... And why not buying this DAO

https://youtu.be/ePwdFUrcS5M

http://www.avalon-life-prelaunch.com


What the fk is this?

daodaodaodao

When someone presents you with a rap video and then says "give me millions of dollars", that might be a red flag.

In the DAO, we can vote not to give the people the money if we think there is no hope to get our money back.

Great. Then nobody will invest, since this risk is latent..... As expected daodaodaodoaooo
full member
Activity: 491
Merit: 100
#SWGT PRE-SALE IS LIVE
May 21, 2016, 11:36:33 AM
#94
... And why not buying this DAO

https://youtu.be/ePwdFUrcS5M

http://www.avalon-life-prelaunch.com


What the fk is this?

daodaodaodao

When someone presents you with a rap video and then says "give me millions of dollars", that might be a red flag.

In the DAO, we can vote not to give the people the money if we think there is no hope to get our money back.
hv_
legendary
Activity: 2534
Merit: 1055
Clean Code and Scale
May 21, 2016, 11:26:59 AM
#93
... And why not buying this DAO

https://youtu.be/ePwdFUrcS5M

http://www.avalon-life-prelaunch.com


What the fk is this?

daodaodaodao

some muppet is trying to pull a fast one by using the DAO momentum to disguise his cheap multi-level marketing scheme.

What a twat. Roll Eyes

I now go and create a  PAO

ponzi auto org

Anyone interested?
sr. member
Activity: 336
Merit: 252
May 21, 2016, 10:44:54 AM
#92
... And why not buying this DAO

https://youtu.be/ePwdFUrcS5M

http://www.avalon-life-prelaunch.com


What the fk is this?

daodaodaodao

some muppet is trying to pull a fast one by using the DAO momentum to disguise his cheap multi-level marketing scheme.

What a twat. Roll Eyes
legendary
Activity: 1148
Merit: 1048
May 21, 2016, 09:59:20 AM
#91
... And why not buying this DAO

https://youtu.be/ePwdFUrcS5M

http://www.avalon-life-prelaunch.com


What the fk is this?

daodaodaodao

When someone presents you with a rap video and then says "give me millions of dollars", that might be a red flag.

Lol, I finally clicked through to play that video. When I heard a pending bass drop, I knew what I was in for.

I'd invest in the company that sold them that beat.

Usually rappers tells us about their massive fortunes, not solicit them from us   Grin
legendary
Activity: 1260
Merit: 1000
May 21, 2016, 03:15:16 AM
#90
... And why not buying this DAO

https://youtu.be/ePwdFUrcS5M

http://www.avalon-life-prelaunch.com


What the fk is this?

daodaodaodao

When someone presents you with a rap video and then says "give me millions of dollars", that might be a red flag.
hero member
Activity: 560
Merit: 501
May 20, 2016, 04:14:34 AM
#89

Before I jump overboard, let me say uber is testing autonomous evs as we speak, sans blockchain. Teslas latest offering is also of the same vein. No company in this space has the r and d or capital expenditure to compete with either of these behemoths.

Blockchains are publically verifiable ledgers. If you don't really need a public ledger, you don't need a blockchain.

If the technology existed (these vehicles), I could simply call up an agent that owns these vehicles, rent the same fleet with my credit card, and flirt merrily from point A to point B. After which the car could return to its point of origin, or blow up, I give a wit either way. Simply trying to convey there are myriad more mundane and recognized technologies that don't need to be developed in order to do this. Some of the use cases seem almost a stretch to implement blockchain technology.

It's not that I'm not passionate about what bitcoin means to the future. It's just tempered with practicality.


Also, from experience, you don't want code spending money for you. You want code to indicate to you how or when you should spend your money. So that you can weigh variables outside the code, and use your intuition to decide.

Oh yeah. That swim.

splash

First of all, private blockchain exists, they don't have to be all publicaly verifiable ledger.

There in your uber or tesla example, it would be incredibly more expensive to use such cars than one provided by an autonomous organization (please do not mistake it with a DAO) because of centralization, it's like comparing actual credit card fees and bitcoin fees. Moreover, in this case no code spend money for you, car choose through their code how they need and want to spend money, this is the whole point of an AO, no human needs)
Who decides how and which issues are organized and presented to the voters; and is that influence effectively centralized control?

The algorithm does. Any token holder can submit a proposal and open proposals are displayed in descending order by the amount of deposit paid.

To release the agreed bounty, a quorum of neophyte investors will vote to on whether the pull request submitted by the contracted programmer meets the requirements of the specification we originally approved by a prior vote? We will not depend on any experts to advise us? This will magically all coordinate itself in a decentralized manner without any de facto leaders emerging?

Whomever designed the DAO doesn't comprehend the how and why politics doesn't work.

“An elephant: A mouse built to government specifications.” — Lazarus Long

“A Snail: Monero built with decentralized donations.” — SOMAcoin

You are right Eca.sh aca Shelby, and this subject of political game has already been discussed on the Daoslack. It will be very interesting to see how the dao works in the future.
hv_
legendary
Activity: 2534
Merit: 1055
Clean Code and Scale
May 20, 2016, 03:54:02 AM
#88
... And why not buying this DAO

https://youtu.be/ePwdFUrcS5M

http://www.avalon-life-prelaunch.com


What the fk is this?

daodaodaodao
legendary
Activity: 2968
Merit: 1198
May 20, 2016, 02:51:27 AM
#87
Your answer does not explain “who decides how ... issues are organized”.

I described the only mechanism that exists for the resources of The DAO to be mobilized.

Quote
I clarified that such a decentralized ballot process can't organize issues

Then in your opinion, issues will not be organized by The DAO, because no other mechanism exists.


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