Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: samspaces on May 08, 2016, 11:32:35 PM



Title: DAO critique, feel free to correct it.
Post by: samspaces on May 08, 2016, 11:32:35 PM
http://s32.postimg.org/d29vel6f9/doa.png

Deleted, as there is no discussion.


Title: Re: DAO critique, feel free to correct it.
Post by: Minecache on May 09, 2016, 12:29:07 AM
Haters gonna hate.

Or in this case...

Dumbers gonna dumb.


Title: Re: DAO critique, feel free to correct it.
Post by: BitcoinNational on May 09, 2016, 05:44:22 PM
post 1 = Haters
post 2 = Dumbers

----
So this is just a burn?
'The DAO' tokens a created by burning ETH?

The word 'funding' is used:
"100 DAO tokens being created for every 1 ether in funding"

Funds imply right to spend.
Who gets to spend the ETH on what?

Or are the 'funding' ETH locked up permanently? (aka burned)