ETH Soon Back To Sub 1 Dollar

[TrueAnon]

It's strong whales bots manipulation but yeah I think it'll dump more one day!!

I hear by summer it could go moon tho

[CoinManiac1]

The dumping may start probably after the DAO ICO..But I dont think it will bring down the price of ETH to 1$

[sadasa]

The dumping may start probably after the DAO ICO..But I dont think it will bring down the price of ETH to 1$

The dumping might start early. The price dropped from $15 to $12 now. It might drop a bit further.

[Zosuda]

The dumping may start probably after the DAO ICO..But I dont think it will bring down the price of ETH to 1$

The dumping might start early. The price dropped from $15 to $12 now. It might drop a bit further.

As long as it does not drop below $8, it is profitable to mine for most people. But it is much less profit.

[Quarknet]

The dumping may start probably after the DAO ICO..But I dont think it will bring down the price of ETH to 1$

The dumping might start early. The price dropped from $15 to $12 now. It might drop a bit further.

As long as it does not drop below $8, it is profitable to mine for most people. But it is much less profit.

But you need to consider the rising difficulty. The difficulty doubles every 3 months for the last few months.

[jaysabi]

Still new to Eth system. What is DAO?

DAO = Decentralized Autonomous Organization.

Basically, It is a company with no head structure. So, no CEO/Board of Directors. Currently, people are funding the DAO with Ether to receive DAO tokens. With these DAO tokens, you can vote on various proposals that people put forward. The largest proposal so far seems to be Slock.It. Specifically, Slock.IT wants a proportionally amount of the Ether to fund their Slocks (Smart-Locks). You can get more information at Daohub.org. It seems that DAOs are now the new trendy things.

I guess you could say Bitcoin -> Smart Contracts -> Decentralized Apps -> Decentralized Autonomous Organizations. DAOs seem to be the new trendy thing.

DAO tokens are basically in place of a board, so it doesn't actually appear to me to be any different. There are still people voting to control it, except the "board" will be controlled by the richest people instead of people who are elected and can be replaced if they do a bad job at managing.

[jaysabi]

Still new to Eth system. What is DAO?

Here's a specific description of dao:

https://www.youtube.com/watch?v=4-Rnz7TDQ2I

Good god, that didn't explain anything. Just some guy saying "real world" a bunch of times and not saying anything useful or providing any examples.

[RoseMann]

Still new to Eth system. What is DAO?

DAO = Decentralized Autonomous Organization.

Basically, It is a company with no head structure. So, no CEO/Board of Directors. Currently, people are funding the DAO with Ether to receive DAO tokens. With these DAO tokens, you can vote on various proposals that people put forward. The largest proposal so far seems to be Slock.It. Specifically, Slock.IT wants a proportionally amount of the Ether to fund their Slocks (Smart-Locks). You can get more information at Daohub.org. It seems that DAOs are now the new trendy things.

I guess you could say Bitcoin -> Smart Contracts -> Decentralized Apps -> Decentralized Autonomous Organizations. DAOs seem to be the new trendy thing.

DAO tokens are basically in place of a board, so it doesn't actually appear to me to be any different. There are still people voting to control it, except the "board" will be controlled by the richest people instead of people who are elected and can be replaced if they do a bad job at managing.

But most people do not vote. The DAO will be controlled by the shareholder who vote and there is no director.

[jaysabi]

Still new to Eth system. What is DAO?

DAO = Decentralized Autonomous Organization.

Basically, It is a company with no head structure. So, no CEO/Board of Directors. Currently, people are funding the DAO with Ether to receive DAO tokens. With these DAO tokens, you can vote on various proposals that people put forward. The largest proposal so far seems to be Slock.It. Specifically, Slock.IT wants a proportionally amount of the Ether to fund their Slocks (Smart-Locks). You can get more information at Daohub.org. It seems that DAOs are now the new trendy things.

I guess you could say Bitcoin -> Smart Contracts -> Decentralized Apps -> Decentralized Autonomous Organizations. DAOs seem to be the new trendy thing.

DAO tokens are basically in place of a board, so it doesn't actually appear to me to be any different. There are still people voting to control it, except the "board" will be controlled by the richest people instead of people who are elected and can be replaced if they do a bad job at managing.

But most people do not vote. The DAO will be controlled by the shareholder who vote and there is no director.

But that's kinda my point. That system is just pay-to-play. Only the richest people will have any say, and their say will be amplified 1) because they have the most money, and 2) because if not everyone is voting, there aren't enough other people weighing in to lessen the impact of the rich folks. The "directors" then are by default the people with the most money.

[Xiestar]

The Ethereum price is still over $11 at the moment. It has dropped from around $14. It will not go to $1.

[sadasa]

The mining cost is around $5 for many people. These are the supporters of bitcoin. The price will not drop below it.

[Hausi]

The mining cost is around $5 for many people. These are the supporters of bitcoin. The price will not drop below it.

agree,i think eth is strongly supportet and it will not make such a huge drop

[Traslavin]

The mining cost is around $5 for many people. These are the supporters of bitcoin. The price will not drop below it.

agree,i think eth is strongly supportet and it will not make such a huge drop

If there is no big bad news relating to the Etheruem, I believe the Ethereum price will be above $10.

[sadasa]

The mining cost is around $5 for many people. These are the supporters of bitcoin. The price will not drop below it.

agree,i think eth is strongly supportet and it will not make such a huge drop

If there is no big bad news relating to the Etheruem, I believe the Ethereum price will be above $10.

I remember that there was crowd fund raising of Augur, the prediction market. When will that go alive?

[joeventura]

Still new to Eth system. What is DAO?

Here's a specific description of dao:

https://www.youtube.com/watch?v=4-Rnz7TDQ2I

There is 2:14 of my life I will never get back.

Dont waste your time with that video

[balu2]

I think we'll see one more last spike and a very heavy dump on that one. Bearmarket after that.

[RoseMann]

I think we'll see one more last spike and a very heavy dump on that one. Bearmarket after that.

I do not think so, We will see many many spikes in the future, there is good development of the Ethereum itself.

[stoat]

I think we'll see one more last spike and a very heavy dump on that one. Bearmarket after that.

A bear market is impossible with ethereum. It's generating too much news. This dao drama is only likely to generate a lot of interest in eth

[balu2]

I think we'll see one more last spike and a very heavy dump on that one. Bearmarket after that.

A bear market is impossible with ethereum. It's generating too much news. This dao drama is only likely to generate a lot of interest in eth

Hyperinflation will take over once everyone did buy their bag. At one point buyers run out, that's when the bloodbath happens and there will not be a recovery to old highs. Maybe you can keep the hype going for another month or two but at one point it's rolling over. Thinking 'it's going up forever' will produce a devastating loss to the person thinking that way.

[jaysabi]

I think we'll see one more last spike and a very heavy dump on that one. Bearmarket after that.

A bear market is impossible with ethereum. It's generating too much news. This dao drama is only likely to generate a lot of interest in eth

That's a pretty flimsy case for never having a bear market. Lots of things generate news. News is rather worthless, buyers are what matter. Bitcoin generates far more news, but that didn't keep it from crumbling to from $200 from $1200. Only the hype about the halving has managed to bring it back to 40% of it's high point.