Bitcoin Forum

What market cap will the DAO eventually achieve?

Whether we decide to go with Slock.it or another idea, I think we can eventually hit 200 million. But I cant vote in the poll.

200 million what? USD, GBP, ETH, BTC???

there is something I still don't get if someone could help me.

Once we have bought DAO, will we get rewards from all project that has been approved and are generating income that they are not willing to reinvest totally, or I am missing a step there?

I think you get a reward % on whatever projects you yourself decide to invest in. If you vote not to invest in a particular project I don't think you get the %.

And the token used to invest in project is DAO right ?

Yes that's right.
Unless of course, I understand correctly.

We get a percentage of the fees collected. But we must first vote to release the collected fees, or keep them in a fund for reinvestment.

Hard to say at this point, but I'd count on having to hold DAOs for about a year or so.

I agree, maybe longer. A lot of things have to happen from proposal acceptance, to execution to make this a success. Lots of risk, but the potential reward is huge.

How eventual is eventual?

I don't see it past 100M in the near future. I was kind of excited when I first read about it, but once understanding it a bit more, I'm not so sure. It's like a super crowd funded VC, but it won't have access to the groundbreaking companies that real VCs have access to, nor the expertise real VCs have.

It may end up making money, but I don't think it'll be a super success.

This is yet another poopcoin I've never heard of.   What's the presumed advantage of this one?  Anonymity?  Faster confirmation?

What I am wondering is how the unique way the token works influences it's price. The way I understand it, it is backed by Ether in the DAO and you can burn(?) it to get your Ether back, either at certain points or any time you want. Am I right so far?
If yes, how will that influence trading? It could obviously not sink below Ether price (at least not much), but will it be traded significantly higher? Will it be traded at all?

Yes, this would be good information to know, are the values used in the poll for DAO tokens, ETH, USD or what? Seeing the DAO has produced close to 140 million DAO tokens thus far, I would guess you are measuring in DAO tokens but clarification is appreciated.

Wisdom of the crowd > any expert in the world.

Then, if you suppose that slock.it can achieve what it is supposed to, you will probably get big rewards only with it. But this story success could attract other good project.

Second point is obviously in the best story case  ;D

The problem isn't the "wisdom" part. It's the other parts. VCs don't just pick companies, give them money and watch the dough come in. They are active in helping the start up go in the right direction, connecting the start up with other influential people that will benefit them, and lots of other things.

With this DAO, you won't have any of that.

And again, in the first place, you need to have promising companies apply for DAO funding. Why would the next facebook or uber or airbnb use DAO over traditional VCs that they know they can trust? Would they really reveal all their plans to potentially tens of thousands of people or even more, just to try to get funded? I don't think so.

The quality of start-ups applying for DAO funding will almost definitely be significantly lower than the quality of start-ups a top VC can get their hands on.

hahaha please dont assume! Check it out. Its pretty legit, dont worry. Its from ETH. https://daohub.org/index.html

I hard your point. But do you think that amongst all the investor no one has got links with influencial people. Moreover, I trully believe in slock.it, and if their project goes well, it may open the doors to other project full of potential.

Moreover, do we, as DAO investor get all the equity of the project that are accepted, or can they also get funded by VCs?

I think your last question is a big decision changer for investors until they dont know.

Currently 1 ETH gets you 100 DAO tokens.

Hence: 1 DAO is worth 1/100= 0.01 ETH

At launch, 1 DAO might be worth 0.05 ETH and maybe after 1 year 0.1 ETH depending on which projects they invest in.

If SLock.It turns out to become the best thing since sliced bread, then who knows......1 DAO might then be worth 10 ETH etc....

you get the jist......

Yep and also depends on the entire equity they keep, whether it will be fully just based on the DAO tokens or on IRL investors

Critique of Slock.it DAO Paper

http://www.cameronhuff.com/blog/slock-it-dao-paper/index.html

good read, thanks

Yes, but also you will be able to trade DAO tokens at the different exchangers.

At my mind,  DAo eventually achieved less than 100 million market cap. It s just a big startup, nothing more.

Nice, but he is speaking as a lawyer. Lawyers have an obvious interest in selling the law as it is: they're inclined to present the law as offering benefits. If he didn't believe that the current suite of corporate laws offer an overall benefit, then why would he be a corporate lawyer?

Over and above that point, he does have a good observation about the decentralized hands-on DAO as offering an alternative that's contrary to habit. The sad part about truly disruptive technologies is that they require folks to break their old habits and form new ones before they can fully benefit from the disruption. 'Til then, the disruptive technology stays pretty-much confined to pioneers.

part of the opportunity for those in the crypto space now is to create user friendly tools good enough so people don't have to change their habits too much. that's how PayPal made so much money, and why most crypto noobies love blockchain.info, as both aren't too much of  stretch for anyone familiar with online banking

The issue is if you own DAO in your ETH wallet and do not vote , does the DAO get transferred back into ETH or stay as DAO TILL you want to vote or just keep it till the DAO price goes up another words are you FORCeD to vote i.e.:  yes or no , because I'm reading that if it's a NO the DAO gets changed back into ETH , or does it just stay connected as DAO to the ETH address you bought it with ,  what I'd I wanted to keep buying DAO and just keep it with out voting and in 2 years it will be worth more

If you vote no, but the vote passes, you are still part of the DAO and will go along with the passed proposal.

The only way you revert back to ETH is if you decide to 'split' from the DAO. If you decide not to vote, you will go along with the DAO whatever proposals they decide to pass.

How about selling your DAO for ETH?

I think DAO will be a disappointment. Too many people jumped into DAO without understanding what it is about. A lot of people missed the ETH ICO and just bought DAO because they think it can the next ETH.

You have no idea what people's understanding of the DAO is who bought into it.

So ur saying that we can just keep the DAO associated with the ETH address without getting involved in an investment , ?  I read that they deduct 50% of the DAO from you for investment ,  ?

There are definately a lot of those types of investors  ::). but once the herd is thinned, i think there is a good chance that the DAO will chose good investments. Just not slock.it. Please.

What do you dislike about slock.it? No position here, just looking into the DAO and getting as much info as possible...

Slock.it will not be mass adopted. Who in their right mind would rent their apartment out to an anonymous stranger?

It will never work. Plus, slock.it has nothing proprietary. No deals with airb&b nor uber, yet they speak as if they do.

Nice read dude. Thx.
I think the DAO still getting some reapect now. They will be big, all investments gonna make some people very happy.
Lets see

Maybe 1 DAO will be worth $1 or more?

I am strugling with the price of Ether aftet DAO starts trading

I am thinking ETH will go up because people dumping DAO will increase the demand for Ether.

is my logic flawed?

DAO price could reach double than what it is now? who knows?

dont think it will,  nothing sold last few days

You never know!

Dao price won't change in short term. Everyone who didn't sell in first days became investors for long term projects.

I am surprised DAO price is so rational.  I think it will stay that way until some news builds about what they will actually do with the funds.

No one is going to dump DAO.  People in the know invested in it for reasons other than tiddly winks pump and dump satoshi lambo dreams.  This is an experiment, a first of its kind, it is not a coin or anything we have known - it could change the way we think about corporations and business entities.

DAO does not move much because it is not supposed to, hasn't even gotten started.

For people bored of DAO or getting ready for a pump and dump head on over to coinmarketcap and you can select from 600 other altcoins, I heard lollipop coin is about to take off.