Ether price?

[Soul_eater_123]

I'm putting all of mine into the DAO.  There is virtually zero risk of losing ether this way (they can always be exchanged back) and with the amount of funds going in to the DAO and the hype surrounding it there is likely to be a monumental pump when the tokens are finally released. 

Also since the tokens will be being sold at a rate of 1.5 ether : 100 DAO tokens at the end of the sale, we can comfortably take this as the base price for the tokens.  For those that bought in early that means an instant x 1.5 in value.  This is before even taking into consideration the massive business potential for the first DAO/Slockit and the potential money raised - the minimum proposal is that the DAO gets 1% of all transactions. 

So overall I don't see anything to be gained by not converting all my ether to DAO.  If something completely amazing and unexpected does happen that I desperately need ether for (which is highly unlikely but lets just imagine it does), I can simply sell a few of my DAO after 28th May and get some ether, or bitcoin or whatever else for that matter.

[The Sceptical Chymist]

Okay somthing here i'm not udnerstanding, if its not profitable to mining somthing, will the coin die? how i understanding it is mining will verfiy blocks and trancactions, and no miners no verfiy? somthing i do not understand here?

If the coin is not profitable to mine for somebody, other people will mine it profitably. Bitcoin is one example.

That's a load of bullshit.  Definitely not guaranteed there will be any miners for these shitcoins in the future.   And there probably won't.   

[parmatiya]

I'm putting all of mine into the DAO.  There is virtually zero risk of losing ether this way (they can always be exchanged back) and with the amount of funds going in to the DAO and the hype surrounding it there is likely to be a monumental pump when the tokens are finally released. 

Also since the tokens will be being sold at a rate of 1.5 ether : 100 DAO tokens at the end of the sale, we can comfortably take this as the base price for the tokens.  For those that bought in early that means an instant x 1.5 in value.  This is before even taking into consideration the massive business potential for the first DAO/Slockit and the potential money raised - the minimum proposal is that the DAO gets 1% of all transactions. 

So overall I don't see anything to be gained by not converting all my ether to DAO.  If something completely amazing and unexpected does happen that I desperately need ether for (which is highly unlikely but lets just imagine it does), I can simply sell a few of my DAO after 28th May and get some ether, or bitcoin or whatever else for that matter.

If the business goes well, you can make at least 50% profit by buying the token early. but if it is not well, you will lose more.

[Soul_eater_123]

If the business goes well, you can make at least 50% profit by buying the token early. but if it is not well, you will lose more.

Not really I'm talking about short term profits.  It will be ages before the business launches.  You are more likely to make money by converting all your Ether to DAO tokens now and cashing some of them out during the likely pump when trading starts.  There will always be people who missed out on the ICO or heard about it too late and FOMO will mean that they are desperate to buy at whatever price when the tokens first hit the exchanges.  That combined with the enormous hype and huge whale investments is almost certain to cause a huge initial pump.  It's not guaranteed but it as close as you get with crypto - it is always a gamble obviously but this is less of a gamble than most.

[VegasCasinoBits]

Hmmm, what is DOA Token? can you explain it for me?

[Minecache]

Hmmm, what is DOA Token? can you explain it for me?

Go to daohub.org. You have less than 3 days till the first price rise.

[Soul_eater_123]

Hmmm, what is DOA Token? can you explain it for me?

Find out more here: https://daohub.org/

I've also put some instructions for Bittrex purchasing here: https://bitcointalk.org/index.php?topic=1465376.msg14788865#msg14788865

[Soul_eater_123]

Latest update regarding DAO:

DAO at $44.13m (approx) - 4.46m ETHER right now .

4.46m ETHER is roughly 5.6% of the current estimated supply.

[trickytricky]

Latest update regarding DAO:

DAO at $44.13m (approx) - 4.46m ETHER right now .

4.46m ETHER is roughly 5.6% of the current estimated supply.

dam nice

[danel]

Latest update regarding DAO:

DAO at $44.13m (approx) - 4.46m ETHER right now .

4.46m ETHER is roughly 5.6% of the current estimated supply.

Looks like there's a possibility that it may reach less than $100m funding at the end of the DAO crowdsale.   

[newbtcminer]

Latest update regarding DAO:

DAO at $44.13m (approx) - 4.46m ETHER right now .

4.46m ETHER is roughly 5.6% of the current estimated supply.

Looks like there's a possibility that it may reach less than $100m funding at the end of the DAO crowdsale.   

That would be incredible. I'm actually surprised by the lack of press this has been getting. Maybe having nearly $100m will make it impossible for publications to ignore.

[Ayers]

do you think that dao will increase the price of etheruem? maybe it's a good time to buy some before it will be released? after mining end the price should increase in theory, what do you think?

[Minecache]

do you think that dao will increase the price of etheruem? maybe it's a good time to buy some before it will be released? after mining end the price should increase in theory, what do you think?

The DAO projects use Ethereum to run. Not only that but by the DAO locking in x% of total ETH limits the market supply of Ethereum for others to buy. If demand increases because of the first sentence then you can see what will happen to the price.

[freshman777]

$3 will be a nice entry price this summer.

[Soul_eater_123]

That would be incredible. I'm actually surprised by the lack of press this has been getting. Maybe having nearly $100m will make it impossible for publications to ignore.

Yes that's weird.  These days the major news organisations tend to be falling over themselves to talk about blockchain news.  I've tried tweeting BBC Tech news a few times with no result (not that I really expected anything).

[Washika]

$3 will be a nice entry price this summer.

If that is the case, i will sell all my Ethereum and buy bitcoin. But I think it will probably not happen.

[Minecache]

That would be incredible. I'm actually surprised by the lack of press this has been getting. Maybe having nearly $100m will make it impossible for publications to ignore.

Yes that's weird.  These days the major news organisations tend to be falling over themselves to talk about blockchain news.  I've tried tweeting BBC Tech news a few times with no result (not that I really expected anything).

What did you tweet? In my experience BBC News tech journalists are not the brightest LED display. Hence why they got fooled a couple of weeks ago with the clown claiming he was Satoshi.

[Soul_eater_123]

What did you tweet? In my experience BBC News tech journalists are not the brightest LED display. Hence why they got fooled a couple of weeks ago with the clown claiming he was Satoshi.

I tweeted "The DAO has raised over $50m & you still aren't covering the biggest development in Blockchain tech https://t.co/4HfZ9FTEzT" - the link is to the DAOhub website.  I might give a try tweeting Ars Technica tomorrow instead.

[Soul_eater_123]

Wow the DAO is at $65m now.  It really could hit $100m.

[Docnaster]

Wow the DAO is at $65m now.  It really could hit $100m.

If it hits $100 million, it will be the largest crowd funding ever. I am very interested in seeing the results.