Why would anyone buy this DAO crap? - page 5.

bittraffic

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Quote from: Minecache on May 14, 2016, 10:02:09 AM

Quote from: Jastetad on May 14, 2016, 08:49:08 AM

I am thinking of buying some DAO with my hard earned Ethereum. The DAO price might rise in the listing.

DAO is a good bet in the future if you have a few spare ETH to invest. I believe I the tech of ETH and DAO so much I've invested a few BTC valuations. And I'd encourage all others to do so too. We are at the precipice of life changing technology for all for the whole wide world. Invest in it and be a winner.

Ps. The naysayers are the almOst identical ones in 2009/10 who criticised against Bitcoin. Don't make the same mistake.

We are once again in the stage of becoming an early adopter. I never thought of engaging with bitcoin back when it was still very cheap taht is why from now on once I encounter an opportunity which i believe to be very useful in the future I grab it like what i did with ETH. I belvie the rest of us have also invested on the rest like Lisk and Waves but yeah few extra ETH won't hurt.

sockpuppet1

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Quote from: sockpuppet1 on May 14, 2016, 10:05:55 AM

Re: DAU replaces DAO

Quote from: d-trix on May 14, 2016, 09:01:19 AM

The rise in price of DAO is inevitable, at the end of the month it will be the highest funded crowdfunding project to date.

Quote from: rdnkjdi on May 14, 2016, 09:49:39 AM

R0ach. The reason is because the way the contract is setup before any proposals are voted on pre-investors can withdraw 100% of their originally invested Ethereum (assuming they purchased in the first 14 days). After the first 14 days the price goes up by 5% a day until it's at 150% (the additional price bumps can't be withdrawn).

I suspect it's people gambling on supply and demand - "If someone is willing to pay 150% on day 31 then I'll be able to sell it on open market for 150%. Also it will never be worth less than what I paid for it in Eth because I can just cash it out (until crowdfunding starts using the money to fund stuff).

Quote from: TPTB_need_war on March 15, 2016, 06:03:05 AM

SEC sent out a warning in January 2016. Hope the pumpers are preparing for their jail time:

Quote from: Spoetnik on March 15, 2016, 12:43:56 AM

There is a reason why the SEC issued a warning about Crypto coins calling them scams..
Read it yourselves.. https://www.sec.gov/investor/alerts/ia_virtualcurrencies.pdf (Issued Jan 4th 2016)

Quote from: https://www.sec.gov/investor/alerts/ia_virtualcurrencies.pdf

We are concerned that the rising use of virtual currencies
in the global marketplace may entice fraudsters to lure
investors into Ponzi and other schemes in which these
currencies are used to facilitate fraudulent, or simply
fabricated, investments or transactions. the fraud may
also involve an unregistered offering or trading platform.
these schemes often promise high returns for getting in
on the ground floor of a growing Internet phenomenon.
Fraudsters may also be attracted to using virtual
currencies to perpetrate their frauds because transactions
in virtual currencies supposedly have
greater privacy
benefits and less regulatory oversight than transactions in
con
ventional currencies. Any investment in securities in
the United states remains subject to the jurisdiction
of the seC regardless of whether the investment is made
in U.s. dollars or a virtual currency.
In particular,
individuals selling investments are typically subject
to federal or state licensing requirements.

Minecache

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Vave.com - Crypto Casino

Quote from: Jastetad on May 14, 2016, 08:49:08 AM

I am thinking of buying some DAO with my hard earned Ethereum. The DAO price might rise in the listing.

DAO is a good bet in the future if you have a few spare ETH to invest. I believe I the tech of ETH and DAO so much I've invested a few BTC valuations. And I'd encourage all others to do so too. We are at the precipice of life changing technology for all for the whole wide world. Invest in it and be a winner.

Ps. The naysayers are the almOst identical ones in 2009/10 who criticised against Bitcoin. Don't make the same mistake.

electronicash

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Quote from: codehtcmail on May 14, 2016, 03:30:18 AM

Quote from: tj303 on May 14, 2016, 01:42:29 AM

Simple.
Buy in before the price rises 50% by the end of the ico.
Cash out afterward with a guaranteed split (as stated in the terms) for instant 50% profit

An easy 50% instant profit ? hard to believe, I am not doubting you, I am doubting DAO.

Everyone has doubts. even t hose that invest actually. they don't know the outcome really but seeing how the project may turn out, there is a higher possibility of having a good profit like how the other coins had succeeded. Some may see DAO better than Lisk and some don't.

rdnkjdi

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R0ach. The reason is because the way the contract is setup before any proposals are voted on pre-investors can withdraw 100% of their originally invested Ethereum (assuming they purchased in the first 14 days). After the first 14 days the price goes up by 5% a day until it's at 150% (the additional price bumps can't be withdrawn).

I suspect it's people gambling on supply and demand - "If someone is willing to pay 150% on day 31 then I'll be able to sell it on open market for 150%. Also it will never be worth less than what I paid for it in Eth because I can just cash it out (until crowdfunding starts using the money to fund stuff).

I'm sure there are some hardcore believers. But only a fraction of the people who purchased DAO.

P.S. They just extended the presale by one day. If you wanted to short Ethereum now's the time to do it.

d-trix

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Quote from: Jastetad on May 14, 2016, 08:49:08 AM

I am thinking of buying some DAO with my hard earned Ethereum. The DAO price might rise in the listing.

The rise in price of DAO is inevitable, at the end of the month it will be the highest funded crowdfunding project to date.

Jastetad

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I am thinking of buying some DAO with my hard earned Ethereum. The DAO price might rise in the listing.

sandiman

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Quote from: r0ach on May 14, 2016, 05:10:47 AM

^I am not invested in the outcome of the French election, as I am not a Frenchman, but there's numerous examples like that of far right parties that used to have 1% of the vote now becoming huge in Europe. Which is a good thing since they were slaves of Marxist bankers before. Now it's time to break out the guillotines again.

It has never been, it is not, and will never be good to be ruled by any of these far right parties, that are just aiming to go back to the 50's and erase all the progess that has been made. We need to move toward globalization if we want to tackle the issues of our century, and not go back to a world full of rogue state. Anyway, we are getting out of subject Grin

r0ach

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^I am not invested in the outcome of the French election, as I am not a Frenchman, but there's numerous examples like that of far right parties that used to have 1% of the vote now becoming huge in Europe. Which is a good thing since they were slaves of Marxist bankers before. Now it's time to break out the guillotines again.

sandiman

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Quote from: r0ach on May 13, 2016, 04:35:38 AM

Quote from: stoat on May 13, 2016, 04:16:54 AM

I'm sure your anti semitic rants will have institutional investors rushing to buy bitcoin...or litecoin...or any crypto that isn't ethereum

When all else fails, pull the "omg you are not politically correct" card! Political correctness (aka Marxism) is dead. Nationalism is on the rise all over the US and Europe. Why do you think the US is electing Trump? Why do you think France is electing this person below?

Sooooo, yea, you can cry and attempt to use as much Marxist propaganda as you like, but that's not going to stop any of these people like Soros, Bernanke, and other members of that ethnocentric mafia from being put in front of firing squads for financial terrorism. Bankers are toast and running scared, the EU will collapse, and r0ach will throw out the Eth scammers and make Bitcoin great again.

Quote

The next French presidential election has first round voting in just 11 months time. The polls consistently indicate that Marine Le Pen, the leader of the nationalist Front National party, has 30% support. That puts her in either first or second place, depending who runs against her.

This a big deal. The Front National has a history of overt racism and anti-semitism – under Jean Marie Le Pen, Marine’s father – even if it claims that those days are behind it.

Le Pen wants to take France out of the euro and throw up trade barriers to protect French industry. If that happened then, effectively, the EU project would be dead in the water.

Marine has 30% of support because 50% of the french did not vote at the last municipal elections. As it already happened with its father few years before, if she can even reach the "final" of the french election she will get her ass kicked thanks to a huge mobilisation. When you read statistics, you should check the number behind ....

codehtcmail

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Tryig to survive in this harsh world

Quote from: tj303 on May 14, 2016, 01:42:29 AM

Simple.
Buy in before the price rises 50% by the end of the ico.
Cash out afterward with a guaranteed split (as stated in the terms) for instant 50% profit

An easy 50% instant profit ? hard to believe, I am not doubting you, I am doubting DAO.

BitFomo

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Quote from: tj303 on May 14, 2016, 01:42:29 AM

Simple.
Buy in before the price rises 50% by the end of the ico.
Cash out afterward with a guaranteed split (as stated in the terms) for instant 50% profit

FAIL! you'll see hahaha. You should read more, dude.

tj303

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Simple.
Buy in before the price rises 50% by the end of the ico.
Cash out afterward with a guaranteed split (as stated in the terms) for instant 50% profit

meme magic

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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.

Ayers

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Leading Crypto Sports Betting & Casino Platform

i think because of one thing only, because of hype, hype is everything in thiw world, fish follow medium fish which follow whale and whale generate hype versus various trend with big investsment, it's a chin of hype i think

Sark

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The DAO is something that we don't really know what it is.

It will have $100m+ worth of crypto that will get spent however its members vote. I have no idea what that will lead to, but it is a fascinating social and financial experiment.

The tokens will be transferable once the sale ends at the end of May. I'm sure most of the major crypto exchanges will provide markets for them given the amount of money involved.

electronicash

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DAO seem presented to users like its a very useful token, i myself invested just few ETH on bittrex.

Quote from: Netnox on May 13, 2016, 05:55:59 AM

When will dao be available for trading?

are they suppose to be ready for trading when its released on exchange sites?

Netnox

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When will dao be available for trading?

mandica

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Quote from: Wosterlee on May 13, 2016, 04:52:05 AM

Ethereum has some ex-Goldman Sachs employees in their team, which is a big red flag for me. Most likely it is set up by the banks to steal all the little peoples BTC, because it will reach mainstream next year. Look at all those paid Ether shills like David Seaman, does it ring any bells? Nobody can explain the big rise of Ethereum at the beginning of the year. These banksters have unlimited fiat at their disposal to pump up the price creating FOMO and evoking greed, making people irrational and act like sheep.

Do you mean the banks bought the Ethereum from the beginning of the year? Do you think it is bad? If this Etheruem fails, we can create another one.

Wosterlee

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Ethereum has some ex-Goldman Sachs employees in their team, which is a big red flag for me. Most likely it is set up by the banks to steal all the little peoples BTC, because it will reach mainstream next year. Look at all those paid Ether shills like David Seaman, does it ring any bells? Nobody can explain the big rise of Ethereum at the beginning of the year. These banksters have unlimited fiat at their disposal to pump up the price creating FOMO and evoking greed, making people irrational and act like sheep.

Topic: Why would anyone buy this DAO crap? - page 5. (Read 6483 times)