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May 01, 2016, 10:13:19 AM |
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It would be if a DAO didnt come up to scene. At 0.015 break there was a possible risk of flash crash due to stop loss spiral (amount of stop loss orders and margin calls >> amount of buy orders). Coincidence?
Btw is there someone who really thinks that a virtual company without any regulation may work? Its a pure utopia, every this project may start its own ICO (as a little kickstarter), there is no need to build up an "Investment bank". Why ethereum devs start a company (they are technocrats not businessmen) if all the projects may use abilities of ethereum itself to fund them (respectively to beg funds to be funded).
Look at another PnD suspicious things - the DAO benefits the first joiners more than the late comers to ICO. It may be the last pump before someones big bag of ETHs is melted down.
And how the DAO will make contractors to pay back?
There are 2 crypto ways:
1) Contractor presents a nice project, abuses DAOs funds (dumping slowly at exchange), does nothing, only presenting nice whitepapers and bullshits and fake results of work. Then disappears when melting down of his funds is complete. 2) Contractor will have a nice results of work, creating good value, but he laughs at DAO and starts its own company giving nothing back.
Answers, answers... The healthier part of market will always doubt about everything and will demand answers and accusations.
Btw first impression of Vitaliks face is... so russian. I wouldnt entrust to him even a penny.
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