[ANN][slock.it][Company] IoT meets blockchain - A TheDAO proposal

[Viva!]

https://bitcointalk.org/index.php?topic=1470496.0

Is it possible to buy and trade DAO right now with Open Ledger, they just do an IOU backed by DAO tokens

Why would I buy an IOU from a third party when I can simply send ETH to the DAO address in order to get DAO tokens straight from the source?

Because you are able to trade the IOU immediately. So in the last days when DAO will cost more eth you will have a profit.

For those who don't understand what is going on, here is the incentive:

* They bought DAO in the first 14 days for the maximum bonus (2 days remaining to buy at this rate).

As the price continues for the next 10 days after that, it is a linear increase in price.  For the final 4 days, it is 100 DAO for 1.5 ETH.   Right now, DAO being available on openledger is pointless as you can buy directly from the source, easier and safer.   However, in 2 days from now up until May 30th, they can undercut the current price because they bought their DAO for the cheapest rate.

The final 4 days when DAO price gives 33% less tokens, Openledger market could undercut by up to that much and be a better deal for late buyers, and Openledger can offload their 50 btc worth of ether for 1-32% profit.

https://bitcointalk.org/index.php?topic=1470496.0

[iambitcoin5]

I wonder what DAO Token price will be at launch? When will it launch?

[bones261]

Just purchased a few of these tokens on Bittrex. I tired the other day but didn't realize that I needed to confirm the withdrawal with my e-mail. I know nothing about ETH or smart contracts, so this is going to be quite a steep learning curve for me. Hope this keeps me amused.

[Nxtblg]

Just purchased a few of these tokens on Bittrex. I tired the other day but didn't realize that I needed to confirm the withdrawal with my e-mail.

That's what hung me up, too.

[bones261]

I'm totally confused. I only bought 300 DAO with my new mist wallet and see three different figure in 3 different places??

[110110101]

I'm totally confused. I only bought 300 DAO with my new mist wallet and see three different figure in 3 different places??

The "main account" is yours. The second picture shows the DAO wallet balance, a huge 5.6 million ether.
Not sure about the third picture, but the address looks like the DAO wallet.

I am not around my Mist wallet so I can't check and help more right now. Maybe some other Mist user can take a look.

[bones261]

The second picture shows the DAO wallet balance, a huge 5.6 million ether.

I'm looking at the 110 figure below the big 5.6 million figure in my second picture. 300 +110 = 410. But I have no idea what it means.

[110110101]

Oh I see now what you are referring to. I can't really say, but do you have several eth accounts in your Mist wallet or just the "Main Account Etherbase)?
Again I need to check at home, can't really say much at the moment.

[acdc]

Just purchased a few of these tokens on Bittrex. I tired the other day but didn't realize that I needed to confirm the withdrawal with my e-mail.

That's what hung me up, too.

email confirm, ouch ... is that from the DAO guys?

[bcmine]

I wonder what DAO Token price will be at launch? When will it launch?

i think they will collect up to 10% of all ETH, thats so crazy! Imagine they want to sell the ETH, they are going to break the price of it. Its going to be very exciting with this DAO. I do hope i will be not a debacle and losses for investors as it was with Omnia (Mastercoin). They are launching right after the ICO.

[Roidz]

i seriously think we will reack 100 million usd

[jubalix]

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

[menace.bit]

It is quite extraordinary to see how people on slock.it slack are bashing Poloniex.
I mean, talk about biting the hand that feeds you.
ETH owes a lot of its success due to the fact that poloniex offered it a platform on which it has been artificially pumped.
Furthermore, I find the manner in which the SLock.It guys are waiting to see how much money TheDAO raises prior to giving a figure on the amount of dosh they need, quite frankly, plain scammy.
Don't they know already how much money they need?
 

why the Poloniex bashing?

Poloniex still has the highest volume of ETH trade, right?

[BitPotus]

so nearly 600 million DAO tokens created as I write this.

Seems that there is bound to be more or less 1 Billion DAO tokens eventually.

Yeah, good luck trying to pump that.

 

[bones261]

Just purchased a few of these tokens on Bittrex. I tired the other day but didn't realize that I needed to confirm the withdrawal with my e-mail.

That's what hung me up, too.

email confirm, ouch ... is that from the DAO guys?

No it's a Bittrex thing.

[lewis.jr]

https://forum.daohub.org/t/urgent-buying-dao-using-mist-has-hacked/1742

[AleScamHole]

https://forum.daohub.org/t/urgent-buying-dao-using-mist-has-hacked/1742

holy shit. 7200 ETH HACKED.  reading it too they dont even knwo how as the md5's matched.
scary. so happy i consider eth vaporwear and dont touch their buggy shit. thank god (for me)

[mtnsaa]

so nearly 600 million DAO tokens created as I write this.

Seems that there is bound to be more or less 1 Billion DAO tokens eventually.

Yeah, good luck trying to pump that.

 

Are you an idiot? It's not a cryptocurrency where scarcity could apply, those are shares and 1 Billion is absolutely nothing if you can hold 10-100k or more of them easily and cheap.

Questioning if the DAO itself will be successful or not is another different beast altogether though...

[Nxtblg]

Just purchased a few of these tokens on Bittrex. I tired the other day but didn't realize that I needed to confirm the withdrawal with my e-mail.

That's what hung me up, too.

email confirm, ouch ... is that from the DAO guys?

No, it's from Bittrex. They treat a DAO purchase as if it were a regular withdrawal, which requires an Email confirm.

[Hollowman338]

It's not an ark folks.

It's the titanic