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"I'm sure that in 20 years there will either be very large transaction volume or no volume." -- Satoshi
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KLONE
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May 12, 2016, 08:38:45 PM |
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johhnyUA
Legendary
 Offline
Activity: 2408
Merit: 1834
Crypto for the Crypto Throne!
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May 12, 2016, 08:47:35 PM |
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there is something I still don't get if someone could help me.
Once we have bought DAO, will we get rewards from all project that has been approved and are generating income that they are not willing to reinvest totally, or I am missing a step there?
Yes, but also you will be able to trade DAO tokens at the different exchangers. At my mind, DAo eventually achieved less than 100 million market cap. It s just a big startup, nothing more. |
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Nxtblg
Legendary
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Activity: 924
Merit: 1000
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May 13, 2016, 02:09:27 AM |
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Nice, but he is speaking as a lawyer. Lawyers have an obvious interest in selling the law as it is: they're inclined to present the law as offering benefits. If he didn't believe that the current suite of corporate laws offer an overall benefit, then why would he be a corporate lawyer? Over and above that point, he does have a good observation about the decentralized hands-on DAO as offering an alternative that's contrary to habit. The sad part about truly disruptive technologies is that they require folks to break their old habits and form new ones before they can fully benefit from the disruption. 'Til then, the disruptive technology stays pretty-much confined to pioneers. |
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KLONE
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May 13, 2016, 08:07:59 AM |
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Nice, but he is speaking as a lawyer. Lawyers have an obvious interest in selling the law as it is: they're inclined to present the law as offering benefits. If he didn't believe that the current suite of corporate laws offer an overall benefit, then why would he be a corporate lawyer? Over and above that point, he does have a good observation about the decentralized hands-on DAO as offering an alternative that's contrary to habit. The sad part about truly disruptive technologies is that they require folks to break their old habits and form new ones before they can fully benefit from the disruption. 'Til then, the disruptive technology stays pretty-much confined to pioneers. part of the opportunity for those in the crypto space now is to create user friendly tools good enough so people don't have to change their habits too much. that's how PayPal made so much money, and why most crypto noobies love blockchain.info, as both aren't too much of stretch for anyone familiar with online banking |
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CryptoCoinWareHouse
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May 13, 2016, 01:09:23 PM |
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there is something I still don't get if someone could help me.
Once we have bought DAO, will we get rewards from all project that has been approved and are generating income that they are not willing to reinvest totally, or I am missing a step there?
We get a percentage of the fees collected. But we must first vote to release the collected fees, or keep them in a fund for reinvestment. The issue is if you own DAO in your ETH wallet and do not vote , does the DAO get transferred back into ETH or stay as DAO TILL you want to vote or just keep it till the DAO price goes up another words are you FORCeD to vote i.e.: yes or no , because I'm reading that if it's a NO the DAO gets changed back into ETH , or does it just stay connected as DAO to the ETH address you bought it with , what I'd I wanted to keep buying DAO and just keep it with out voting and in 2 years it will be worth more |
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BitLoans (OP)
Newbie
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Activity: 28
Merit: 0
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May 13, 2016, 01:58:27 PM |
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there is something I still don't get if someone could help me.
Once we have bought DAO, will we get rewards from all project that has been approved and are generating income that they are not willing to reinvest totally, or I am missing a step there?
We get a percentage of the fees collected. But we must first vote to release the collected fees, or keep them in a fund for reinvestment. The issue is if you own DAO in your ETH wallet and do not vote , does the DAO get transferred back into ETH or stay as DAO TILL you want to vote or just keep it till the DAO price goes up another words are you FORCeD to vote i.e.: yes or no , because I'm reading that if it's a NO the DAO gets changed back into ETH , or does it just stay connected as DAO to the ETH address you bought it with , what I'd I wanted to keep buying DAO and just keep it with out voting and in 2 years it will be worth more If you vote no, but the vote passes, you are still part of the DAO and will go along with the passed proposal. The only way you revert back to ETH is if you decide to 'split' from the DAO. If you decide not to vote, you will go along with the DAO whatever proposals they decide to pass. |
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olarsson
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May 13, 2016, 02:02:50 PM |
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The only way you revert back to ETH is if you decide to 'split' from the DAO. If you decide not to vote, you will go along with the DAO whatever proposals they decide to pass. How about selling your DAO for ETH? |
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shanem
Legendary
Offline
Activity: 1344
Merit: 1000
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May 13, 2016, 02:08:47 PM |
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I think DAO will be a disappointment. Too many people jumped into DAO without understanding what it is about. A lot of people missed the ETH ICO and just bought DAO because they think it can the next ETH.
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Minecache
Legendary
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Activity: 2184
Merit: 1024
Vave.com - Crypto Casino
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May 13, 2016, 02:46:41 PM |
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I think DAO will be a disappointment. Too many people jumped into DAO without understanding what it is about. A lot of people missed the ETH ICO and just bought DAO because they think it can the next ETH.
You have no idea what people's understanding of the DAO is who bought into it. |
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CryptoCoinWareHouse
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May 13, 2016, 03:56:37 PM |
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Currently 1 ETH gets you 100 DAO tokens.
Hence: 1 DAO is worth 1/100= 0.01 ETH
At launch, 1 DAO might be worth 0.05 ETH and maybe after 1 year 0.1 ETH depending on which projects they invest in.
If SLock.It turns out to become the best thing since sliced bread, then who knows......1 DAO might then be worth 10 ETH etc....
you get the jist......
Yep and also depends on the entire equity they keep, whether it will be fully just based on the DAO tokens or on IRL investors So ur saying that we can just keep the DAO associated with the ETH address without getting involved in an investment , ? I read that they deduct 50% of the DAO from you for investment , ? |
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darcycooper
Newbie
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Activity: 36
Merit: 0
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May 13, 2016, 05:34:08 PM |
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I think DAO will be a disappointment. Too many people jumped into DAO without understanding what it is about. A lot of people missed the ETH ICO and just bought DAO because they think it can the next ETH.
There are definately a lot of those types of investors  . but once the herd is thinned, i think there is a good chance that the DAO will chose good investments. Just not slock.it. Please. |
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RedRockMining
Member
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Activity: 127
Merit: 10
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May 13, 2016, 06:16:16 PM |
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What do you dislike about slock.it? No position here, just looking into the DAO and getting as much info as possible...
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darcycooper
Newbie
Offline
Activity: 36
Merit: 0
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May 13, 2016, 06:19:10 PM |
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Slock.it will not be mass adopted. Who in their right mind would rent their apartment out to an anonymous stranger?
It will never work. Plus, slock.it has nothing proprietary. No deals with airb&b nor uber, yet they speak as if they do.
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ShooterXD
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May 16, 2016, 12:19:20 AM |
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Nice read dude. Thx. I think the DAO still getting some reapect now. They will be big, all investments gonna make some people very happy. Lets see |
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stan26
Full Member
Offline
Activity: 195
Merit: 100
★YoBit.Net★ 350+ Coins Exchange & Dice
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May 16, 2016, 04:42:31 AM |
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Maybe 1 DAO will be worth $1 or more?
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finbad
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May 26, 2016, 04:48:07 PM |
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I am strugling with the price of Ether aftet DAO starts trading
I am thinking ETH will go up because people dumping DAO will increase the demand for Ether.
is my logic flawed?
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bitwhizz
Legendary
Offline
Activity: 910
Merit: 1000
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May 26, 2016, 05:55:32 PM |
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DAO price could reach double than what it is now? who knows?
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finbad
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May 26, 2016, 06:14:27 PM |
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dont think it will, nothing sold last few days
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bitwhizz
Legendary
Offline
Activity: 910
Merit: 1000
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June 07, 2016, 11:56:50 AM |
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You never know!
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