BitLoans (OP)
Newbie
Offline
Activity: 28
Merit: 0
|
|
May 02, 2016, 08:01:22 AM |
|
What market cap will the DAO eventually achieve?
Whether we decide to go with Slock.it or another idea, I think we can eventually hit 200 million. But I cant vote in the poll.
|
|
|
|
Minecache
Legendary
Offline
Activity: 2310
Merit: 1024
Vave.com - Crypto Casino
|
|
May 02, 2016, 03:02:41 PM |
|
What market cap will the DAO eventually achieve?
Whether we decide to go with Slock.it or another idea, I think we can eventually hit 200 million. But I cant vote in the poll.
200 million what? USD, GBP, ETH, BTC???
|
|
|
|
sandiman
|
|
May 02, 2016, 04:15:15 PM |
|
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?
|
|
|
|
Minecache
Legendary
Offline
Activity: 2310
Merit: 1024
Vave.com - Crypto Casino
|
|
May 02, 2016, 04:25:31 PM |
|
I think you get a reward % on whatever projects you yourself decide to invest in. If you vote not to invest in a particular project I don't think you get the %.
|
|
|
|
sandiman
|
|
May 02, 2016, 06:32:57 PM |
|
I think you get a reward % on whatever projects you yourself decide to invest in. If you vote not to invest in a particular project I don't think you get the %.
And the token used to invest in project is DAO right ?
|
|
|
|
klarki
Legendary
Offline
Activity: 3360
Merit: 3932
|
|
May 02, 2016, 08:30:30 PM |
|
I think you get a reward % on whatever projects you yourself decide to invest in. If you vote not to invest in a particular project I don't think you get the %.
And the token used to invest in project is DAO right ? Yes that's right. Unless of course, I understand correctly.
|
|
|
|
BitLoans (OP)
Newbie
Offline
Activity: 28
Merit: 0
|
|
May 02, 2016, 08:30:42 PM |
|
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.
|
|
|
|
Nxtblg
Legendary
Offline
Activity: 924
Merit: 1000
|
|
May 02, 2016, 09:03:45 PM |
|
Hard to say at this point, but I'd count on having to hold DAOs for about a year or so.
|
|
|
|
BitLoans (OP)
Newbie
Offline
Activity: 28
Merit: 0
|
|
May 02, 2016, 09:21:31 PM |
|
Hard to say at this point, but I'd count on having to hold DAOs for about a year or so.
I agree, maybe longer. A lot of things have to happen from proposal acceptance, to execution to make this a success. Lots of risk, but the potential reward is huge.
|
|
|
|
futureofbitcoin
|
|
May 02, 2016, 09:21:39 PM |
|
How eventual is eventual?
I don't see it past 100M in the near future. I was kind of excited when I first read about it, but once understanding it a bit more, I'm not so sure. It's like a super crowd funded VC, but it won't have access to the groundbreaking companies that real VCs have access to, nor the expertise real VCs have.
It may end up making money, but I don't think it'll be a super success.
|
|
|
|
The Sceptical Chymist
Legendary
Online
Activity: 3458
Merit: 6948
Top Crypto Casino
|
|
May 02, 2016, 09:48:25 PM |
|
This is yet another poopcoin I've never heard of. What's the presumed advantage of this one? Anonymity? Faster confirmation?
|
|
|
|
ttookk
|
|
May 02, 2016, 11:57:05 PM |
|
What I am wondering is how the unique way the token works influences it's price. The way I understand it, it is backed by Ether in the DAO and you can burn(?) it to get your Ether back, either at certain points or any time you want. Am I right so far? If yes, how will that influence trading? It could obviously not sink below Ether price (at least not much), but will it be traded significantly higher? Will it be traded at all?
|
|
|
|
CryptoYeti
Jr. Member
Offline
Activity: 33
Merit: 2
|
|
May 03, 2016, 04:58:23 AM |
|
What market cap will the DAO eventually achieve?
Whether we decide to go with Slock.it or another idea, I think we can eventually hit 200 million. But I cant vote in the poll.
200 million what? USD, GBP, ETH, BTC??? Yes, this would be good information to know, are the values used in the poll for DAO tokens, ETH, USD or what? Seeing the DAO has produced close to 140 million DAO tokens thus far, I would guess you are measuring in DAO tokens but clarification is appreciated.
|
|
|
|
sandiman
|
|
May 03, 2016, 06:48:07 AM |
|
How eventual is eventual?
I don't see it past 100M in the near future. I was kind of excited when I first read about it, but once understanding it a bit more, I'm not so sure. It's like a super crowd funded VC, but it won't have access to the groundbreaking companies that real VCs have access to, nor the expertise real VCs have.
It may end up making money, but I don't think it'll be a super success.
Wisdom of the crowd > any expert in the world. Then, if you suppose that slock.it can achieve what it is supposed to, you will probably get big rewards only with it. But this story success could attract other good project. Second point is obviously in the best story case
|
|
|
|
futureofbitcoin
|
|
May 03, 2016, 10:07:21 AM |
|
How eventual is eventual?
I don't see it past 100M in the near future. I was kind of excited when I first read about it, but once understanding it a bit more, I'm not so sure. It's like a super crowd funded VC, but it won't have access to the groundbreaking companies that real VCs have access to, nor the expertise real VCs have.
It may end up making money, but I don't think it'll be a super success.
Wisdom of the crowd > any expert in the world. Then, if you suppose that slock.it can achieve what it is supposed to, you will probably get big rewards only with it. But this story success could attract other good project. Second point is obviously in the best story case The problem isn't the "wisdom" part. It's the other parts. VCs don't just pick companies, give them money and watch the dough come in. They are active in helping the start up go in the right direction, connecting the start up with other influential people that will benefit them, and lots of other things. With this DAO, you won't have any of that. And again, in the first place, you need to have promising companies apply for DAO funding. Why would the next facebook or uber or airbnb use DAO over traditional VCs that they know they can trust? Would they really reveal all their plans to potentially tens of thousands of people or even more, just to try to get funded? I don't think so. The quality of start-ups applying for DAO funding will almost definitely be significantly lower than the quality of start-ups a top VC can get their hands on.
|
|
|
|
manav1112
|
|
May 03, 2016, 11:03:22 AM |
|
This is yet another poopcoin I've never heard of. What's the presumed advantage of this one? Anonymity? Faster confirmation?
hahaha please dont assume! Check it out. Its pretty legit, dont worry. Its from ETH. https://daohub.org/index.html
|
|
|
|
sandiman
|
|
May 03, 2016, 11:27:40 AM |
|
How eventual is eventual?
I don't see it past 100M in the near future. I was kind of excited when I first read about it, but once understanding it a bit more, I'm not so sure. It's like a super crowd funded VC, but it won't have access to the groundbreaking companies that real VCs have access to, nor the expertise real VCs have.
It may end up making money, but I don't think it'll be a super success.
Wisdom of the crowd > any expert in the world. Then, if you suppose that slock.it can achieve what it is supposed to, you will probably get big rewards only with it. But this story success could attract other good project. Second point is obviously in the best story case The problem isn't the "wisdom" part. It's the other parts. VCs don't just pick companies, give them money and watch the dough come in. They are active in helping the start up go in the right direction, connecting the start up with other influential people that will benefit them, and lots of other things. With this DAO, you won't have any of that. And again, in the first place, you need to have promising companies apply for DAO funding. Why would the next facebook or uber or airbnb use DAO over traditional VCs that they know they can trust? Would they really reveal all their plans to potentially tens of thousands of people or even more, just to try to get funded? I don't think so. The quality of start-ups applying for DAO funding will almost definitely be significantly lower than the quality of start-ups a top VC can get their hands on. I hard your point. But do you think that amongst all the investor no one has got links with influencial people. Moreover, I trully believe in slock.it, and if their project goes well, it may open the doors to other project full of potential. Moreover, do we, as DAO investor get all the equity of the project that are accepted, or can they also get funded by VCs?
|
|
|
|
manav1112
|
|
May 03, 2016, 11:38:57 AM |
|
How eventual is eventual?
I don't see it past 100M in the near future. I was kind of excited when I first read about it, but once understanding it a bit more, I'm not so sure. It's like a super crowd funded VC, but it won't have access to the groundbreaking companies that real VCs have access to, nor the expertise real VCs have.
It may end up making money, but I don't think it'll be a super success.
Wisdom of the crowd > any expert in the world. Then, if you suppose that slock.it can achieve what it is supposed to, you will probably get big rewards only with it. But this story success could attract other good project. Second point is obviously in the best story case The problem isn't the "wisdom" part. It's the other parts. VCs don't just pick companies, give them money and watch the dough come in. They are active in helping the start up go in the right direction, connecting the start up with other influential people that will benefit them, and lots of other things. With this DAO, you won't have any of that. And again, in the first place, you need to have promising companies apply for DAO funding. Why would the next facebook or uber or airbnb use DAO over traditional VCs that they know they can trust? Would they really reveal all their plans to potentially tens of thousands of people or even more, just to try to get funded? I don't think so. The quality of start-ups applying for DAO funding will almost definitely be significantly lower than the quality of start-ups a top VC can get their hands on. I hard your point. But do you think that amongst all the investor no one has got links with influencial people. Moreover, I trully believe in slock.it, and if their project goes well, it may open the doors to other project full of potential. Moreover, do we, as DAO investor get all the equity of the project that are accepted, or can they also get funded by VCs? I think your last question is a big decision changer for investors until they dont know.
|
|
|
|
BitPotus
|
|
May 03, 2016, 02:29:23 PM |
|
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......
|
|
|
|
manav1112
|
|
May 03, 2016, 03:08:17 PM |
|
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
|
|
|
|
|