maidsafe is always close

ok so this make it not so good for IPO's like madesafe as thier wallet I think requires you to use the private key to prove owneship.

I for one would not trust giving my private key to some other system like that...


Does that seem reasonable?

as per the subject.

BTC was often accused of being Tulips (by people that did not understand you can't teleport indestructible, un-forgeable, tulips). They seem to be pretty much gone faced with the fact this has gone on now for many more years than the Tulips did, and cannot be switched off. Also that stupid graph you know the one

i can understand locking profit ... I think BTC requires a bit of a different mindset though somehwat fostered from and understanding that it is sui generis, and so is hard to find parallels or precedents in history.

yes because it draws attention from media, and has enough vapital to actually be useful to put serious money. Further the larger the market cap, the harder it is to manipulate.

Eg lets say it goes to 10T, who has 100B laying around to just throw at BTC, I would posit a lot less actors. The old system even has problems transferring this money

this is not even a serious question.

On no front does paypal even come close to BTC

BTC is far better for value transfer, surety, control, access.

I am amazed just how quick it is to use BTC to buy things. The transaction in BTC goes through way faster than it takes me to pull out the credit card enter the number wait etc. Ok true this was a zero confirm so not really a "transaction" but that's good enough.

I feel quite amazed how archaic it feels to go into a bank or use the creaking banking infrastructure vs btc tech.

Perhaps the only thing is claw back, but still you deal with reputable people and you will be ok, x 100 or thousand transactions and its not worth their while to rip you off.

probably the best thing you could have done is purchase 10BTC in eth sale, as that 10BTC would be 400,000K now and thus near 1000 btc.

that 100x return.

I am not sure there has been a better investment around in crypto recently with enough volume to profit take.

i cant quite figure how DAO and eth will work out together....I mean eth has what 20% become DAO and DAO is a promise to make a bundle of programs that run on eth.

Meanwhile some script kiddy could do a flappy bird and make the killer app for eth, taking out DAO's worth.

not against DAO but I struggle to see how this all pans out

the use case for BTC is you can have a ledger that you base your life decisions around (or  % of that ) which has a predicatable supply and cannot be interfered with by state powers.

Thats a pretty powerful use case as it arbitrages out a hell of a lot of inefficiencies that are inherent in central gov, monetary regulation simly because thier is no real way for the market to effectively discipline central gov and banks under a fiat system. They just print more money and your value evaporates.

BTC also has inefficiencies, but that are of a different kind and much less inmho than Central govs.

if I grok this DAO correctly, it seems to be a bundle of people saying we will dev/curate dapps and proposals, governed by voting rights entrenched to DOA's owned.

Sort of like saying we will have the best bundle of smart "wdigets" under he DOA ubrella and the combined funding to back it.

Sort of like an aggregation/funds management service based in the Etherium.

If this is right then it seems the headless chicken of Eth did not have sufficient emergent properties to see this spontaneously arise, and DAO is there to try and rectify that. I am not saying this is bad, just the ETH is too knew for most models to adapt.

However given that around 10% of eth or more is in DAO, this looks open to another interpretation.

It sort of a like a mastercoin to made safe jump on a massive scale.

It seems Eth was widely more successful the the creators thought and they wanted to get some ETH back. So they invented dao.

If much more that 10% of Eth are collected, I wonder how well eth can function given the block or Eth in relatively small hands....if it get to 20%+ % then what?

its looking like DAO can dictate ETH terms, and this is a sort of reverse take over of ETH by DAO.

Maybe it will all work out for the better and I can see the logic of DOA to finally Make IOT more than a sticker name buzz word....

however I have been around too long to not have developed some health cynicism.

That said you may be forced to jump on the DAO boat at this point if you have ETH.

a few things I don't get about DAO

if you pay with etherium to the DAO address

what us your private key or equiavlent::

how does profit/dividends or whatever acrue to DAO

and how to do you realise them in say BTC USD etc

how will DAO's themselves be tradeble

buy so many bitcoin.....

maid is always just about ready.

the whole point of btc is you can have certainty about supply, so why cant you price that in?

i am quite amazed that nem has gone back up.

10k is pretty easy and and overshoot to 100K not out of the question in the next few years.

The amount of relative inefficiency in the FIAT system vs BTC is unlimited.

people are educated largely by omission to not think about money itself to closely.

Just as a measure of wealth and something or immutable value

part of BTC function is to put this education on the table and it has.

10 year ago, going on about a crypto currency with x billion market cap independent of state/fiat, would probably get you in to a psychiatrists office, and committed to the asylum.

Today it is a historical fact.

but its been nearly nearly ready for ever afaik.

what i dont quite get is why Maidsafe has not launched yet?