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Title: A radical - $150 million experiment - using Ethereum Post by: ProfessionalGoogler on May 21, 2016, 12:11:32 AM The price of Ether, a bitcoin rival, is soaring because of a radical, $150 million experiment
http://qz.com/688194/the-price-of-ether-a-bitcoin-rival-is-soaring-because-of-a-radical-150-million-experiment/ Quote Thousands of people have pumped $150 million into what might be the biggest crowdfunded project in history, something called the Decentralized Autonomous Organization (DAO). Compare this to the $20 million raised by the project with the most funds on Kickstarter. Quote The DAO’s big promise is that it’s an entirely new way to manage and allocate capital. More specifically, it’s capital allocation without a fund manager. Quote That crowd consists of about 11,000 anonymous stakeholders who can vote directly on any major decision to spend the organization’s funds. Companies or individuals who want to tap the funds must submit a proposal. These proposals are published online, and stakeholders ultimately vote on whether to adopt them, allocating a slice of the $150 million, or not. Stakeholders then stand to gain from the profits generated by these proposals, whether in the form of dividends or an increase in value of their tokens. Quote The DAO is funded entirely with Ether, the cryptocurrency that’s rivalling bitcoin and exploding in value. That is to say, users need to convert dollars or bitcoins or other currencies to Ether, which they then use to invest in the DAO. Quote Ether was trading at about $0.90 in December, but is now changing hands at nearly $15. Quote DAO has proved so popular among holders of Ether, that the DAO now accounts for almost 14% of the value of all Ether in circulation. One single DAO... Quote Token-holders can’t sell out now, because the DAO smart contract says tokens are locked up during this subscription period. But the lock-up period ends in seven days. That’s when we’ll see a drop in Ether’s stratospheric price rise. Quote A drop in the Ether price would leave a dent in the value of the DAO’s funds. But for true believers in the decentralized ways of the DAO, it’s a small price to pay for a future without middle-men. “The amounts raised now are making people think this is no longer a toy,” says Slockit’s Tual. “This is going to make a very big difference. It’s paving the way for a billion-dollar project.” Title: Re: A radical - $150 million experiment - using Ethereum Post by: benthach on May 21, 2016, 12:21:23 AM they claimed to have raised $150 million but they're lucky to have $5million in liquidity, everything involved with this vaporware ethercrap is just fake. smart people would get the point but not the dumb morons.
$150million just fake money and it would go down as fake money. Title: Re: A radical - $150 million experiment - using Ethereum Post by: npredtorch on May 21, 2016, 01:42:38 AM So if i'm right, after 7 days, eth price would be to go downward? because as what the article stated, stake holders will exchange their token to eth and sell their eth for usd since the price is high?
IMO That will be great for other altcoin :) those people that have just sold their eth will then buy another altcoin to invest on. Title: Re: A radical - $150 million experiment - using Ethereum Post by: GreenBits on May 21, 2016, 03:42:44 AM So if i'm right, after 7 days, eth price would be to go downward? because as what the article stated, stake holders will exchange their token to eth and sell their eth for usd since the price is high? IMO That will be great for other altcoin :) those people that have just sold their eth will then buy another altcoin to invest on. With all the profit that has been made, one would be silly not to sell as soon as liquidity emerges. If you don't, certainly others will. I don't care how much I love an asset, if I can get it cheaper, I'm selling and rebuying later. Title: Re: A radical - $150 million experiment - using Ethereum Post by: Regionit on May 21, 2016, 05:55:30 AM So if i'm right, after 7 days, eth price would be to go downward? because as what the article stated, stake holders will exchange their token to eth and sell their eth for usd since the price is high? IMO That will be great for other altcoin :) those people that have just sold their eth will then buy another altcoin to invest on. That could happen. If people want to sell their token, the token price will go down. The recent price rise of Etheruem is also due to the drop of bitcoin price. Title: Re: A radical - $150 million experiment - using Ethereum Post by: r0ach on May 21, 2016, 07:57:41 AM Ethereum scammers are in full desperation mode now. Nobody is buying their Eth pump so they keep doing orchestrated BTC dumps to temporarily lower BTC price, make believing that will make people want Eth instead but there are just no willing buyers for that scamcoin. Title: Re: A radical - $150 million experiment - using Ethereum Post by: ProfessionalGoogler on May 21, 2016, 09:36:03 AM Ethereum scammers are in full desperation mode now. Nobody is buying their Eth pump so they keep doing orchestrated BTC dumps to temporarily lower BTC price, make believing that will make people want Eth instead but there are just no willing buyers for that scamcoin. Except Eth is being bought non stop. ::) Title: Re: A radical - $150 million experiment - using Ethereum Post by: benthach on May 21, 2016, 09:37:58 AM Ethereum scammers are in full desperation mode now. Nobody is buying their Eth pump so they keep doing orchestrated BTC dumps to temporarily lower BTC price, make believing that will make people want Eth instead but there are just no willing buyers for that scamcoin. Except Eth is being bought non stop. ::) it's call gambling bots Title: Re: A radical - $150 million experiment - using Ethereum Post by: r0ach on May 21, 2016, 09:39:50 AM Or the single entity Eth pumper wash trading with himself:
https://bitcointalk.org/index.php?topic=1473947.0 Title: Re: A radical - $150 million experiment - using Ethereum Post by: ProfessionalGoogler on May 21, 2016, 09:51:37 AM Or the single entity Eth pumper wash trading with himself: https://bitcointalk.org/index.php?topic=1473947.0 More FUD. ::) No surprise from this tin foil hatter. Title: Re: A radical - $150 million experiment - using Ethereum Post by: electronicash on May 21, 2016, 09:54:35 AM Ethereum scammers are in full desperation mode now. Nobody is buying their Eth pump so they keep doing orchestrated BTC dumps to temporarily lower BTC price, make believing that will make people want Eth instead but there are just no willing buyers for that scamcoin. A lot of hopeful users get to have trust to this DAO actually due to the amount gathered. is DAO is purposely made to pump ETH? so what! BTC is dumped for real becuase usrs are buying ETH thats what it is and as the result they got $150 million! Title: Re: A radical - $150 million experiment - using Ethereum Post by: r0ach on May 21, 2016, 09:59:44 AM It's probably over for Eth rise. I wouldn't short it either since it's not an aggregate market and the single entity manipulating it would just try to squeeze you. The only logical move is to stay out of that market completely. https://i.imgur.com/TVOKDR7.png Title: Re: A radical - $150 million experiment - using Ethereum Post by: ProfessionalGoogler on May 21, 2016, 10:08:58 AM It's probably over for Eth rise. I wouldn't short it either since it's not an aggregate market and the single entity manipulating it would just try to squeeze you. The only logical move is to stay out of that market completely. https://i.imgur.com/TVOKDR7.png http://images.complex.com/complex/image/upload/t_in_content_image/bzwk0qo6wchewmlofg72.jpg Title: Re: A radical - $150 million experiment - using Ethereum Post by: Redrose on May 21, 2016, 11:17:04 AM So if i'm right, after 7 days, eth price would be to go downward? because as what the article stated, stake holders will exchange their token to eth and sell their eth for usd since the price is high? IMO That will be great for other altcoin :) those people that have just sold their eth will then buy another altcoin to invest on. If that's what the article says (I've not seen or did not put attention to the convert into USD), the article is crap, because all the smart people won't exchange their precious BTC for crap USD, even for margin trading, because you can get so much more by doing some day-trading with Ethereum. Title: Re: A radical - $150 million experiment - using Ethereum Post by: hv_ on May 21, 2016, 04:21:17 PM And much expected, since there is no other use for ETH right now and in principle no risk for ETH holders.
Anybody sitting on that coin are willing to lock 20% into DAO and hope for next hype. We see a hyper bubble in the making. Wooooww Title: Re: A radical - $150 million experiment - using Ethereum Post by: Sark on May 21, 2016, 05:21:45 PM Ethereum scammers are in full desperation mode now. Nobody is buying their Eth pump so they keep doing orchestrated BTC dumps to temporarily lower BTC price, make believing that will make people want Eth instead but there are just no willing buyers for that scamcoin. ETH whales are not controlling the BTC markets too?!? This is getting out of hand, someone should stop these people before they take over all the fiat markets too! Title: Re: A radical - $150 million experiment - using Ethereum Post by: Sark on May 21, 2016, 05:24:31 PM It's probably over for Eth rise. I wouldn't short it either since it's not an aggregate market and the single entity manipulating it would just try to squeeze you. The only logical move is to stay out of that market completely. To me it just looks like some traders exited positions prior to the weekend and volume has dropped after the work week like it nearly always does. Title: Re: A radical - $150 million experiment - using Ethereum Post by: socks435 on May 21, 2016, 06:43:23 PM Ethereum scammers are in full desperation mode now. Nobody is buying their Eth pump so they keep doing orchestrated BTC dumps to temporarily lower BTC price, make believing that will make people want Eth instead but there are just no willing buyers for that scamcoin. Title: Re: A radical - $150 million experiment - using Ethereum Post by: StealthCoin1 on May 21, 2016, 06:45:55 PM It's probably over for Eth rise. I wouldn't short it either since it's not an aggregate market and the single entity manipulating it would just try to squeeze you. The only logical move is to stay out of that market completely. https://i.imgur.com/TVOKDR7.png http://images.complex.com/complex/image/upload/t_in_content_image/bzwk0qo6wchewmlofg72.jpg https://i.imgur.com/mWnHTQX.jpg this is correct Title: Re: A radical - $150 million experiment - using Ethereum Post by: NUFCrichard on May 21, 2016, 08:08:32 PM Surely the price of DAO will fall too as soon as the ICO is over.
Everyone who bought will be considering if they should sell. Anyone who wanted to buy could have done so during the unlimited ICO, so I can only see one direction that the price can go initially. Or have I missed something? Title: Re: A radical - $150 million experiment - using Ethereum Post by: GreenBits on May 21, 2016, 08:27:21 PM Surely the price of DAO will fall too as soon as the ICO is over. Everyone who bought will be considering if they should sell. Anyone who wanted to buy could have done so during the unlimited ICO, so I can only see one direction that the price can go initially. Or have I missed something? You haven't, but the fan boys will have your head on a platter if you keep making sense like this ;D People will understand that it isn't wise to invest in assets that are currently in a bubble. Hype = volatility. It's like buying into a peak, it may go up, but there is sooo much more potential to go down given market factors. If you got in early, congrats. That wasn't hype, it was an obviously a shrewd investment that paid off. Title: Re: A radical - $150 million experiment - using Ethereum Post by: hv_ on May 21, 2016, 08:59:14 PM There is a hidden plan. The DAO was built by bitcoin whales to finally found a big BTC mining farm....
;D Title: Re: A radical - $150 million experiment - using Ethereum Post by: Regionit on June 11, 2016, 03:58:10 PM There is a hidden plan. The DAO was built by bitcoin whales to finally found a big BTC mining farm.... ;D That cannot be true. The Ethereum mining algorithm is different from Bitcoin algorithm. It can only be done by gpu. |
