This shit cracks me up, how someone has the time to shit talk ETH. Watch it go to $60, the DAO just got a put on the frontpage of the New York Times print edition this Sunday. ETH has essentially replaced Bitcoin. Miners already switching, ETH has more nodes, Coinbase adding ETH trading, Gemini already did, Okcoin rumors, i could go on and on. What do we have in Bitcoin? still talking it's problems, blocksize debate, nothing happens, news controlled by Theymos.
Have you read this article ? It's actually pretty bad publicity for the DAO.
A couple quotes :
DAO investors are dumb :
For these investors, in some sense it is the digital equivalent of buying into a bakery with no baker, no menu and no assurance that the ovens will even be delivered.
People who will have to make sound investment decisions (usually made by professionals irl) are just normal people with not much spare time or financial wisdom :
The investing decisions are to be made through online polling of shareholders like Mr. Stern, who has a day job dealing with parking policy in the town of Montreuil, just outside Paris.
Clash with reality :
Patrick Murck, a lawyer who has long dealt with Bitcoin issues, said that even if Mr. Jentzsch and his collaborators were not operating the venture, they could face legal liability for promoting it if the investments go awry — and, potentially, even if they don’t.
"You can’t code away your legal responsibilities,” said Mr. Murck, who is a fellow at the Berkman Center for Internet & Society at Harvard. “This is something that has been tried before and has failed before.
“My opinion is that the D.A.O. will be D.O.A. (Dead on Arrival),” Daniel Larimer, the founder of BitShares, wrote. “The theory of jointly deciding to fund efforts will face the reality of individual self-interest, politics and economics.”
Pretty much what every sane person is thinking.
Not enough testing :
“It’s an unstable thing right now,” said Joseph Lubin, who was one of the founders of Ethereum. “Young, complex machines tend to have flaws and vulnerabilities that you can’t anticipate.”
“If I would have known the size it has grown to, maybe the tester in me would say, ‘I need more testing,’” he said. “This is very risky. It’s all new land.”
I mean, there is really nothing positive in that article. You can read "scam" between the lines.
