A Leaderless Organization Raised $50 Million (Ethereum)

[ProfessionalGoogler]

'The DAO', as it’s called, takes its name from the description for a new type of entity: a distributed autonomous organization. Intended to act as a vehicle for supporting Ethereum-related projects, The DAO has raised over $50 million worth of ethers (ETH) – the digital token of the Ethereum network – from investors.

Think of it as a hub that disperses ETH to other startups and projects. Backers of The DAO receive voting rights by means of a digital token, which can be used to help determine the future direction of the organization and which projects will actually get funded following a voting period.

Participants stand to receive possible dividends, including ether, in return for supporting the project.

DAO — a tightly packed collection of smart contracts written on the Ethereum blockchain.

Taken collectively, the smart contracts amount to a series of by-laws and other founding documents that determine how its constituency — anyone around the world who has bought DAO tokens with ethers — votes on decisions, allocates resources and in theory, creates a wide-range of possible returns.

Unlike a traditional company that has a designated managerial structure, The DAO operates through collective voting, and is owned by everyone who's purchased a DAO token.

At the time of publication, two companies are listed on the DAO site as potential contractors. Slock.it, which in addition to creating the DAO framework aims to produce connected devices using the Etherem network, and Mobotiq, a French organization that plans to build a network of shared electric vehicles.

"There are a lot of DAOs that are deployed," said  Jentzsch. "But only one that’s taken off, which we said that is the one we will make a proposal to."

The DAO seems to resemble a venture capital firm and its token holders appear to be investors.

http://www.coindesk.com/the-dao-just-raised-50-million-but-what-is-it/

[r0ach]

http://www.businessinsider.com/how-bernie-madoffs-ponzi-scheme-worked-2014-7

[ProfessionalGoogler]

http://www.businessinsider.com/how-bernie-madoffs-ponzi-scheme-worked-2014-7

totalllllly bro

[Spoetnik]

Another Ethereum spam topic ?

[stoat]

Another Ethereum spam topic ?

Another spoetnik spam post?

[ProfessionalGoogler]

Another Ethereum spam topic ?

derpa herpa?

[sandiman]

Another Ethereum spam topic ?

derpa herpa?

kan jeg have en øl venligst ??

[2c0de]

I would love to establish my own trustless leaderless organization.
Ladies/gentlemen, if you can assist me in this, please contact me using the pm.
Thank you.

[jjacob]

I would love to establish my own trustless leaderless organization.
Ladies/gentlemen, if you can assist me in this, please contact me using the pm.
Thank you.

Wouldn't everybody love to do it?
Gather some money and disappear.

[Spoetnik]

Another Ethereum spam topic ?

Another spoetnik spam post?

Amazing how you sound alike eh stoat ?

Should i be impressed you strung together 3 words and a smiley then cried troll then spammed about ETH ..again ?

I would have a better conversation with a sack of turnips than peons with the intellect of a ham sandwich.

So i say back to you.. derpa derpa  

..see i can speak tard too !

[stoat]

Add another layer of tinfoil m8.  your precious bodily fluids must be shielded from the harmful ethereum waves

[ProfessionalGoogler]

Another Ethereum spam topic ?

Another spoetnik spam post?

Amazing how you sound alike eh stoat ?

Should i be impressed you strung together 3 words and a smiley then cried troll then spammed about ETH ..again ?

I would have a better conversation with a sack of turnips than peons with the intellect of a ham sandwich.

So i say back to you.. derpa derpa  

..see i can speak tard too !

Yes it is well known you speak tard. 

Go have a conversation with a ham sandwich already tard!

[Spoetnik]

You two can keep running around here creating accounts and new topics daily
to try and cover up the scam Ethereum and the leaders super dumping of coins.

And i still would like to know how he managed to get many Millions of dollars worth to dump in the first place.

PS:
I use Mylar it is more effective than tinfoil.
And i guess i am now having a conversation with a bag of turnips & a ham sandwich so yeah me LOL
Don't feel bad though guys.. i have been called a Potato here a ton of times
by another fake disposable dummy account by FRANK / (Dev of Franko)

The reality is your all a bunch of spineless greedy little cowards
darting around in the shadows making endless digital pyramid schemes to rip off the gullible / stupid.

Supporting a scam like ETH makes you a scam supporter.
And considering Mr. Ham Sandwich has a negative rating i am not surprised.
He tried to run a little scam stealing $15,000.00 here at Bitcointalk but got caught red handed.
Then..
The other spineless coward stoat has been playing whack-a-mole
When confronted about his ETH lies he hides for a while..
This guy was key in starting the wave of lies about ETH being "Used" by Microsoft + IBM.
All for the great pump setup..
Check out the keywords Microsoft + IBM on Polonibox guys.
You will see a flood of spineless hiding lying scammy cowards bullshitting their ass off about ETH.

You two should be far more concerned about your own shitty reputation not mine  

But hey why not do some bragging about how much profit you made from your ETH victims ?
Everyone loves a good preying on the vulnerable for cash story.. arise chikun moon lambo's
and..
Fuck the victims who cares i want money dammit !
Right ?

Classy.. like a ham sandwich wearing a top hat & monocle and a Bag of Turnips wearing a Suit.

Click on the Crying Troll Checkbox and your days mission will be complete Scammers.
Want some good trade advice to spend your ETH profits on ?
I suggest you invest in Stakeminers.com