Explain your crazy logic because it does not make any sense.

Why should an investor not invest with bitbay. You are obviously struggling are you not?

Yes I would not invest with a known scammers project but these scammers tried to ruin the project (david is the project) after taking 4 5ths of the devlopment funds and dumping all their bay trying to crush the coin.

I explain already why you are foolish to continue with this assumption and yet you continue.

A project should only be treated as a pariah if there are scammers running the project or benefiting from it in any way. Why would you think that a project that has been the victim of a scam should be shunned? David has stuck around with hardly any funding working for free and you say there is an ethical reason investors would have not to invest with bitbay.

I already gave you and example but I will post it here again since you obviously did not read it.

You need to realise the people that now make up the bitbay community and the developer are the SCAMMED not the SCAMMERS???

It's like saying people who had their house broken into and burned have a dirty past and you will not have anything to do with them.

Please think about what you are saying before making yourself look more foolish.

Explain your logic or refrain from repeating groundless statements.

When i invest in things I tend to research them first. I think david building this with no development funds is more to his credit than if he had of had funds to work with don't you?

I can only imagine you are related in some way to those scammers that tried to scam everyone and destroy the project. Either that or you're a secret investor of a competing project.

Wow you found that article congrats!! You must know so much now more than me!

The 'Dev' David HAS created a legit project and not just that, one of the more advanced projects in the whole of crypto!

If your going to go down that angle Isn't Lisk just crypti getting a rebrand? Which was a BobSurplus project? So in theory Lisk is a Bob coin??

I've been surprised at the number of people who keep asking about how to buy DAO tokens so I thought it might be useful to start a new topic about it.  If you are not technically minded or have not recently updated your MIST wallet and don't want to wait for it to update the Bittrex DAO page is a quick and easy way to do it.
Before starting you will need to have some ETHER.  ETHER is the currency used to purchase DAO.  The easiest way to get it is in exchange for Bitcoins and you can do this directly on any exchange (including Bittrex).  At the initial price you get 100 DAO tokens for 1 ETHER (https://daohub.org).

A) Transfer Ether to your Bittrex wallet (if it is on another exchange or in your MIST wallet).  If you don't have a bittrex account you will need to make one first. (https://bittrex.com)

B) Once the Ether is in your Bittrex Ether wallet you can go to the Bittrex DAO page (https://bittrex.com/balance/dao).

C) Click on the generate address button to generate your DAO address (Step 1) then enter the amount and click on the transfer button (step 2).

D) Confirm you want to withdraw your Ether to the DAO creation address (enter your 2fa code if required) and wait up to 30 minutes.
 
E) After a while the number of DAO tokens will be listed on the same page under where it says Step 3 "Validate your balance".


Important Notes:

-If you are really wary or unsure try going through the process with a small number of Ether.

-You can do it as many times as you like during the DAO creation period using the same address. Just remember to go through the steps as above (except for Step 1 on the DAO generation page as you only need to do this once).

-You will always need to send your ether to the regular Bittrex wallet first then use the Bittrex DAO page to transfer it. You can't just send directly to the DAO creation address.

-You won't be able to trade DAO or move it from Bittrex until the DAO creation period is over (28th May 2016 at the earliest).

-For more information on the dao go to: https://daohub.org

for someone with over 1000 comments you really are clueless.

Also for a 'pump and dump' it needs a pump . . i thought you would have known that too!

@tokeweed,

I strongly disagree. The implications regarding the abovementioned use case of Bitcoin exist even in Satoshi's paper. The fact that the potential was actualized much later does not change anything. If someone could come up with a real use case potential, even if that potential be just an idea, the answer is valid. Then that would mean people do not just throwing money to a project with no known possible use case, but they throw money to a potentially cool one.

Best,

Jian

@tokeweed,

Bitcoin has at least one real use case which proves better than its traditional counterparts, that is, sending money with low costs and with increased anonymity and transparency. So I believe it would be wrong to equate Slock.it with Bitcoin.

Best,

Jian

I'm rather new to the altcoin scene and after a few days of looking at which coins to invest in i decided on ones that are working on decentralized marketplaces as I feel that's where there could be a  future for altcoins. I found and invested in Syscoin and Bitbay and both seen to be at the same stages of development but the difference in marketcap is huge? Bitbay is something like 12% of Syscoins price! Is the only difference here marketing? or that Syscoin is on Poloniex and Bitbay isn't?

Do you mean people are throwing money to a project which has equal possibilities for being big or worthless, without knowing the potential ahead? I don't think so. At least, I don't want to believe that. What I want is someone to explain what it could be done with Slock.it which renders it a revolutionary project.

“This issue has been discussed for several years,” he said. “I think that the very-rough consensus is that old coins should be destroyed before they are stolen to prevent disastrous monetary inflation. People joined Bitcoin with the understanding that coins would be permanently lost at some low rate, leading to long-term monetary deflation. Allowing lost coins to be recovered violates this assumption, and is a systemic security issue.”

https://news.bitcoin.com/theymos-bitcoins-satoshi-destroyed/



In my view, the moment Bitcoin devs or anyone start dictating what to do with bitcoin of others, censorship resistance of bitcoin will be lost. Satoshi would be proud for sure.

So you agree with thymos or not? Should the coins be destroyed or not?

lol there was already a massive sell, i think we need a pump first before a huge dump

The decentralized autonomous company has already been explored with things like Bitshares.  Frankly, it kinda sucks.  You have people providing decentralized funding, then the workers that take it have no real incentive or liability to perform unless the worker is already a huge shareholder...but that kind of extremely narrows down your field of workers doesn't it?  You could issue legal contracts with the workers and sue them if they don't perform, but who is the figurehead of the DAO that handles all these things and appears in court?  The DAO converges to centralization resembling a normal, publicly traded company because business is only efficient in a strict, hierarchical, top-down function.

So what exactly do you accomplish out of all this?  If the DAO doesn't collapse on the way to it's evolution in becoming top-down controlled, your only real benefit is the ability to bypass the legal framework and issue a publicly traded stock from your basement (which will probably get people arrested somehow).  So the pros are slightly less legal bureaucracy (only in the short term), with the cons of having nobody at the helm of the company who actually has any idea what they're doing with a valid business plan (you know, the actual important part of a business).

I respect your closed mindedness too, my sir.

Yes, you may have profited from the crowdsale. That's good for you.

But now it's different. We are trading at 0.02+ a coin. I simply don't believe that Ethereum has the potential to outperform BTC in the long term.