DAO - Some mix of sci-fi & magic?

[ProfessionalGoogler]

http://fortune.com/2016/05/15/leaderless-blockchain-vc-fund/

The DAO is being touted as a model for a new kind of organization, created and run using blockchain software rather than conventional corporate structures.

Nearly everything having to do with Bitcoin and blockchain sounds like some mix of sci-fi, magic, and a pyramid scheme, so bear with us as we try and unpack all that.

DAO is an acronym for Distributed Autonomous Organization, and until now, they’ve been a mostly theoretical construct.

DAOs (of which The DAO is just one example) have bylaws just like any company. But rather than existing solely as legal documents, those bylaws are hard-coded into a blockchain—a cloud-based, secure financial ledger, of which Bitcoin is the most famous example.

It’s offering its own voting shares—called DAO tokens—in exchange for a cryptocurrency called Ether, though for regulatory reasons, The DAO states its tokens are not a form of equity.

Those who buy into the DAO will be able to vote on how its funds are used, with voting done through the Ethereum interface. Coindesk reports that currently two startups, including a French car-sharing project called Mobotiq, are candidates for funding.

Shares in The DAO can be purchased using Ether until May 28th, by anyone who can figure out how to do that.

5/17/2016

[r0ach]

DAO is a either a horrible investment, scam, or both, please drive through:

https://bitcointalk.org/index.php?topic=1471177.0

The more you spam about this scammy garbage, the more people are going to post showing what it really is.

[ProfessionalGoogler]

DAO is a scam, please drive through:

https://bitcointalk.org/index.php?topic=1471177.0

I understand you take 2 seconds to think before you come out with conclusions on - well anything.

We all get it and I've come to realize you must literally be special ed.

Just in case you don't understand the words I just said--

..learning disabilities or mental challenges.

The more you spam about this scammy garbage, the more people are going to post showing what it really is.

 Okay. GOOD.  

[tokeweed]

DAO is a either a horrible investment, scam, or both, please drive through:

https://bitcointalk.org/index.php?topic=1471177.0

The more you spam about this scammy garbage, the more people are going to post showing what it really is.

Like how the Larimers sucked the BTS community dry?

[Spoetnik]

DAO is a either a horrible investment, scam, or both, please drive through:

https://bitcointalk.org/index.php?topic=1471177.0

The more you spam about this scammy garbage, the more people are going to post showing what it really is.

He buys scam coins then floods this place with topics like this..same formula of useless info + graph pic's
I am sure he will post more & more.. until he dumps and buys some other shit coin.

Hashtag #HAMSANDWICHINVESTMENTS

And Larimer had nothing to do with the Memory Coin scam ? LOLOLOLOL

[r0ach]

Like how the Larimers sucked the BTS community dry?

Nobody in this thread owns or cares about BTS, but nice try trying to divert the subject of Eth and DAO being scams.  Is that all you can do, try to divert the subject?

[tokeweed]

Like how the Larimers sucked the BTS community dry?

Nobody in this thread owns or cares about BTS, but nice try trying to divert the subject of Eth and DAO being scams.  Is that all you can do, try to divert the subject?

Cos everyone knows you're a sore BTS supporter cos your own beloved Larimer brothers sucked you guys dry.  Now you're whining cos ETH is soaring.

[tokeweed]

who is whining? I'm buying BitShares DAO and Ethereum DAO and Peershares DAO and every crypto in the top 20 with a portion of every fiat paycheck every week of my life.  Unlike you I make my holdings known to all.  Not only that but I actually do what your name implies

Roach?  Hahahahaha.

[r0ach]

I bought some BTS at 1400 satoshi and then it went to 3500 satoshi.  I sold it for profit when I saw a bear raid using thousands of BTC in shorts in an illiquid market making it collapse.  Now this Tokewood moron follows me around pretending I'm the president of Bitshares LOL.  No altcoin has improved on Bitcoin so far except ring signatures and zk-snarks for anonymity.  Everything besides that is just a flat out scam.  Proof of stake is also useless.  I thought DPoS might have some promise for scaling before when things like the Lightning Network didn't exist, but now no reason to screw with that stuff.

[bittraffic]

I bought some BTS at 1400 satoshi and then it went to 3500 satoshi.  I sold it for profit when I saw a bear raid using thousands of BTC in shorts in an illiquid market making it collapse.  Now this Tokewood moron follows me around pretending I'm the president of Bitshares LOL.  No altcoin has improved on Bitcoin so far except ring signatures and zk-snarks for anonymity.  Everything besides that is just a flat out scam.  Proof of stake is also useless.  I thought DPoS might have some promise for scaling before when things like the Lightning Network didn't exist, but now no reason to screw with that stuff.

so you're scammed by BTS? thats why you always sound like  a buster lol

who is whining? I'm buying BitShares DAO and Ethereum DAO and Peershares DAO and every crypto in the top 20 with a portion of every fiat paycheck every week of my life.  Unlike you I make my holdings known to all.  Not only that but I actually do what your name implies

Roach?  Hahahahaha.

roach? wait i'm confuse. 

[thejaytiesto]

I have been trying to read on this thing but I don't have much free time now. I can say that I have read some really harsh critics, one actually made me laugh, it was like "it's a scam to automatically invest your money in other scams". I mean wtf is that?


https://twitter.com/kyletorpey/status/730535910949916672

Since I don't know much about the project yet, I will stick to Maidsafe as my mid-term bet for a price rise, even tho it has had some harsh critics too, I still find the project interesting and understand it more than this one.