But isn't the main problem about your idea that Ethereum isn't PoS yet and might never be, or in a few years, after a lot of delays ?
The ETH team estimate it by Q1 2017, maybe with delays we go POS in summer 2017, we will still have DAO funds, we allocate a percentage of ETH from the DAO to go into the pool. As long as the idea is ready, lots of work to make this happen, we need a good proposal before POS. |
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What PoS pool? We re still unsure how this is going to work out. Btw, this is a very simple solution, u can do it with your own coins. Why asking DAO to do that?
https://blog.ethereum.org/2016/03/05/serenity-poc2/ more details here technical Serenity PoC2 Posted by Vitalik Buterin on March 5th, 2016. More precise validator induction rules – maximum 250 validators, minimum ether amount starts off at 1250 ETH and goes up hyperbolically with the formula min = 1250 * 250 / (250 - v) where v is the current active number of validators (ie. if there are 125 validators active, the minimum becomes 2500 ETH, if there are 225 validators active it becomes 12500 ETH, if there are 248 validators active it becomes 156250 ETH). When you are inducted, you can make bets and earn profits for up to 30 million seconds (~1 year), and after that point a special penalty of 100 parts per billion per block starts getting tacked on, making further validation unprofitable; this forces validator churn i will be staking coins, many people will be The ultimate pool has a few aims, give ETH from pos to DAO holders, lock up DAO eth coins and avoid them being dumped on market for every new project give ETH POS the biggest pool to help with security for the network. It is early days but we should begin exchanging ideas and try to make this happen before POS kicks in. |
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In summary the article concludes:
"It’s a steep mountain to climb with considerable risks and failure more likely than success."
Dude i heard all this when i first got into BTC. When it was under $20 nobody cared. Then once it became worth something, the warnings come out...just like yours above. Crypto is risky, be it BTC, ETH or THE DAO, your fiat will go up and down alot. Most investors are aware of this before investing. So thanks for heads up and gd luck with your own investment choices. |
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I would like to create a proposal and am looking for people that can help make this happen.
Hi man, the idea isn't too bad, it's just how it could be implemented. By buying eth, wouldn't the DAO need to first liquidate some of it's current holding which are eth? Eg. sell eth to buy eth? Don't forget, if you stake it, wouldn't that mean you would need to trust someone with that much eth? or would you need to create a huge multisig walllet and then stake it? I guess we won't know until we change to POS. Im hoping THE DAO can eliminate the need for trust. Code could be written to allow some way to pay ETH directly to the DAO addresses. If there is a need for a third party, i would request it from the ETH and DAO teams to create and secure the pool. |
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Hi man, the idea isn't too bad, it's just how it could be implemented. By buying eth, wouldn't the DAO need to first liquidate some of it's current holding which are eth? Eg. sell eth to buy eth? Yea , we could dump ETH and buy cheaper ,lol but the other more prefered option would be use $10-$20mill of DAO ETH that we currently have. The idea is only at brainstorming stage , hopefully if there is enough peeps that like the idea , we all work towards making it happen.  |
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been tellin u BTC halvin is priced in...
You must be absolutely clueless. Quote for future reference. Come halving you will look stupid. here quote this too ..i sold a gd amount of BTC at $450 today, will sell more if we goto $475 as i fully expect a huuge dump near halving i sold more at 470  BTC will begin pump OCT 2016, timed to a new ATH with its upgrades planned in 2017, but first we go to 300s ( or lower ) but hey what do i know  |
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Are you aware that ETH is printable? No interest in investing in that crap.
Dire poverty is a small price to pay for your convictions. Who cares if dogs bark and children laugh at you in the street. Stay pure, Brother, there's more to life than money! lololol |
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guys... lol ....ETH or fiat? choose or loose lol
ETH = SkyNet fuel i'll go with that. I thought you were a loyal Bitcoiner my old buddy  dude its crypto not BTC or die, best diversify your Investments before its too late... hahaha nice one we all know its bitcoin or die but just incase you're right, lets all use 10% of our bitcoins to buy up eth to 50$ great idea, thats prob when JJ decides to buy  ( relax jj no need to defend yourself m8 )  |
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guys... lol ....ETH or fiat? choose or loose lol
ETH = SkyNet fuel i'll go with that. I thought you were a loyal Bitcoiner my old buddy dude its crypto not BTC or die, best diversify your Investments before its too late... Are you aware that ETH is printable? No interest in investing in that crap. |
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guys... lol ....ETH or fiat? choose or loose lol
ETH = SkyNet fuel i'll go with that. I thought you were a loyal Bitcoiner my old buddy dude its crypto not BTC or die, best diversify your Investments before its too late... |
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guys... lol ....ETH or fiat? choose or loose lol
ETH = SkyNet fuel i'll go with that. gd choice dude |
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Been tellin u all about ETH since Jan, its gona be big.
so dont be surprised when i tell you ETH going over $50
been tellin u BTC halvin is priced in...
btw this is nothing compared to the dump planned 2 weeks before halving
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guys... lol ....ETH or fiat? choose or loose lol
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Seems reasonable if DAO holders can earn more with this project proposal.
Do ETH POS profit a lot? How much percentage per month we are talking about here?
im not sure on the POS profits m8, i dont think anyone knows yet. However im very certain come POS stage ETH could be around $50 min and maybe over $100 each - so it should be worth it. This idea will need help from the ETH devs and Dao devs aswell as full community support. I feel all three parties can work together and all benefit each other autonomously. yes, printing money out of thin air. bubble will burst soon. wow first troll, welcome  lol cmon m8 u must agree its a gd idea |
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Seems reasonable if DAO holders can earn more with this project proposal.
Do ETH POS profit a lot? How much percentage per month we are talking about here?
im not sure on the POS profits m8, i dont think anyone knows yet. However im very certain come POS stage ETH could be around $50 min and maybe over $100 each - so it should be worth it. This idea will need help from the ETH devs and Dao devs aswell as full community support. I feel all three parties can work together and all benefit each other autonomously. |
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