GreenBits
Legendary
 Offline
Activity: 1148
Merit: 1048
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May 20, 2016, 06:36:39 AM |
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 This is the big #2 proposal that is driving DAO lemmings-jump-off-the-cliff-and-drown-in-the-sea mass suicide. It's almost impossible to exaggerate how retarded this is... Or how blockchain unsuitable maintaining fleets of cars is (why stop here, let's manage an airline with Solidity code). Would you put someone you care about into this contraption? And as for the claims of instant profits, sorry, no free lunch... You can withdraw your ETH at 100 DAO per ETH... if you paid 1.5 ETH per 100 you will take a 50% loss. I suspect that >>> 50% of the DAO investments will be pulled out within weeks... But the SuperBubble masters will have succeded in popping ETH by 50% in the last month. Please note that all that heavy buying... is matched by heavy selling and profit taking. . What, in the blue fuck, is that? Dammit people, the blockchain can't solve every fucking thing. That's a toy as far as I'm concerned, pardon my ignorance if I have failed to see the use case for a robotic power wheel. There are too many vastly superior companies making autonomous EVs. And a blockchain is wholly unnecessary, why does there need to be a ledger of the rentals? Do you care who rented the red box end before you did? Do the shareholders care? Does anyone honestly care? You guys don't see the full potential of the blockchain. Anyone could create an autonomous organization of self driving cars when the technology will be ready. You would use such car to go from point A to point B and pay it. Then, the car could charge or fuel back itself, and if it made profit even buy another car to add to "its" fleet (or expand the general fleet, depending on the code). Another example of autonomous organization could be a email spamming system. Corporation would use such AO to advertise themselve, and the AO i don't know with what kind of algorithm, would provide the service. I don't know how can someone stay that long on the forum of bitcoin and so the blockchain technology, without first being interested in the technology and then passionated about its possibilities. Well said. The fact is, the reprobate specimens who frequent this forum are mostly scammers and promoters of fake and broken shitcoins, it's natural that they would act in a churlish manner towards a crypto with genuine application in the real world. The fucking tossers should get in the fucking sea Before I jump overboard, let me say uber is testing autonomous evs as we speak, sans blockchain. Teslas latest offering is also of the same vein. No company in this space has the r and d or capital expenditure to compete with either of these behemoths. Blockchains are publically verifiable ledgers. If you don't really need a public ledger, you don't need a blockchain. If the technology existed (these vehicles), I could simply call up an agent that owns these vehicles, rent the same fleet with my credit card, and flirt merrily from point A to point B. After which the car could return to its point of origin, or blow up, I give a wit either way. Simply trying to convey there are myriad more mundane and recognized technologies that don't need to be developed in order to do this. Some of the use cases seem almost a stretch to implement blockchain technology. It's not that I'm not passionate about what bitcoin means to the future. It's just tempered with practicality. Also, from experience, you don't want code spending money for you. You want code to indicate to you how or when you should spend your money. So that you can weigh variables outside the code, and use your intuition to decide. Oh yeah. That swim. splash |
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ProfessionalGoogler
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May 20, 2016, 06:44:01 AM |
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This is the big #2 proposal that is driving DAO lemmings-jump-off-the-cliff-and-drown-in-the-sea mass suicide. It's almost impossible to exaggerate how retarded this is... Or how blockchain unsuitable maintaining fleets of cars is (why stop here, let's manage an airline with Solidity code). Would you put someone you care about into this contraption? And as for the claims of instant profits, sorry, no free lunch... You can withdraw your ETH at 100 DAO per ETH... if you paid 1.5 ETH per 100 you will take a 50% loss. I suspect that >>> 50% of the DAO investments will be pulled out within weeks... But the SuperBubble masters will have succeded in popping ETH by 50% in the last month. Please note that all that heavy buying... is matched by heavy selling and profit taking. . What, in the blue fuck, is that? Dammit people, the blockchain can't solve every fucking thing. That's a toy as far as I'm concerned, pardon my ignorance if I have failed to see the use case for a robotic power wheel. There are too many vastly superior companies making autonomous EVs. And a blockchain is wholly unnecessary, why does there need to be a ledger of the rentals? Do you care who rented the red box end before you did? Do the shareholders care? Does anyone honestly care? You guys don't see the full potential of the blockchain. Anyone could create an autonomous organization of self driving cars when the technology will be ready. You would use such car to go from point A to point B and pay it. Then, the car could charge or fuel back itself, and if it made profit even buy another car to add to "its" fleet (or expand the general fleet, depending on the code). Another example of autonomous organization could be a email spamming system. Corporation would use such AO to advertise themselve, and the AO i don't know with what kind of algorithm, would provide the service. I don't know how can someone stay that long on the forum of bitcoin and so the blockchain technology, without first being interested in the technology and then passionated about its possibilities. Well said. The fact is, the reprobate specimens who frequent this forum are mostly scammers and promoters of fake and broken shitcoins, it's natural that they would act in a churlish manner towards a crypto with genuine application in the real world. The fucking tossers should get in the fucking sea Before I jump overboard, let me say uber is testing autonomous evs as we speak, sans blockchain. Teslas latest offering is also of the same vein. No company in this space has the r and d or capital expenditure to compete with either of these behemoths. Blockchains are publically verifiable ledgers. If you don't really need a public ledger, you don't need a blockchain. If the technology existed (these vehicles), I could simply call up an agent that owns these vehicles, rent the same fleet with my credit card, and flirt merrily from point A to point B. After which the car could return to its point of origin, or blow up, I give a wit either way. Simply trying to convey there are myriad more mundane and recognized technologies that don't need to be developed in order to do this. Some of the use cases seem almost a stretch to implement blockchain technology. It's not that I'm not passionate about what bitcoin means to the future. It's just tempered with practicality. Also, from experience, you don't want code spending money for you. You want code to indicate to you how or when you should spend your money. So that you can weigh variables outside the code, and use your intuition to decide. Oh yeah. That swim. splash"Anyone" could become the next Apple. "Anyone" could become the next Google. "Anyone" could make millions of dollars. "Anyone" could build the next best crypto currency. Surely it is impossible that a alt coin is useful and taking off - surely impossible that the development team are actually developing and pursuing to take a chunk out of a trillion+ dollar industry? The internet will never take off, what a bubble - what a bust. Don't kid yourself while I love Bitcoin Yahoo is still valued more - I mean who uses Yahoo right? Yet Bitcoin is still pretty big sitting at 7 billion. The potential for Ethereum to grow the size of Bitcoin is very real. Bitcoin is just used by criminals remember?  |
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target
Legendary
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Activity: 2226
Merit: 1041
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May 20, 2016, 06:51:09 AM |
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This is the big #2 proposal that is driving DAO lemmings-jump-off-the-cliff-and-drown-in-the-sea mass suicide. It's almost impossible to exaggerate how retarded this is... Or how blockchain unsuitable maintaining fleets of cars is (why stop here, let's manage an airline with Solidity code). Would you put someone you care about into this contraption? And as for the claims of instant profits, sorry, no free lunch... You can withdraw your ETH at 100 DAO per ETH... if you paid 1.5 ETH per 100 you will take a 50% loss. I suspect that >>> 50% of the DAO investments will be pulled out within weeks... But the SuperBubble masters will have succeded in popping ETH by 50% in the last month. Please note that all that heavy buying... is matched by heavy selling and profit taking. Doesn't matter to these investors as profit taking is the whole idea now. What could go wrong though is if this DAO will eventually make its way up like how ETH is doing. BTC would be left behind if it weren't because of the halving that users are waiting. But lets wait after all profit taking is the game. |
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GreenBits
Legendary
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Activity: 1148
Merit: 1048
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May 20, 2016, 07:18:21 AM |
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Anyone "could" become one of these great things, but few people will. The ability to do a thing does not confer the prowess to see that thing through. Most businesses fail, the reason for this is that they are mismanaged. Not that the initial idea was poor in any way. Business is a degree for a reason.
Ethereum is a wonderful idea. I have never said otherwise. I just don't think the idea of a Corp that functions independent of a trained director or board is a good idea. Also, unless the blockchain is about to grow legs and arms to sign some contracts and pay some bills, you will need human actors to perform real world functions, and oracles to report binary outcomes back to the blockchain. Human actors are subject to fail. We aren't even talking about coercion or subversion.
To me, the DAO only seems to provide a more elegant form of voting rights in a Corp. A token is a share, with voting rights. What else does this token do besides that? Despite all the innovation that eth may provide once it's potential is fully realized, this token is a tradeable voting share of a company that's on a public, verifiable ledger.
Kinda like a stock.
Which makes this a security.
An illegal security, as it is not regulated by the SEC.
Yahoo is still crazy popular outside the States, btw.
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eca.sh
Newbie
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Activity: 29
Merit: 0
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May 20, 2016, 07:29:49 AM
Last edit: May 20, 2016, 07:49:19 AM by eca.sh |
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Who decides how and which issues are organized and presented to the voters; and is that influence effectively centralized control?
The algorithm does. Any token holder can submit a proposal and open proposals are displayed in descending order by the amount of deposit paid. To release the agreed bounty, a quorum of neophyte investors will vote to on whether the pull request submitted by the contracted programmer meets the requirements of the specification we originally approved by a prior vote? We will not depend on any experts to advise us? This will magically all coordinate itself in a decentralized manner without any de facto leaders emerging? Whomever designed the DAO doesn't comprehend the how and why politics doesn't work. “An elephant: A mouse built to government specifications.” — Lazarus Long “A Snail: Monero built with decentralized donations.” — SOMAcoin You asked one question, and I answered it. Now you are asking another question, which unfortunately can not be answered in an objective manner because the answer lies not in code but in speculation about future events. You did not answer my question. You've written that there is a decentralized protocol for slotting presumably funding decisions on a decentralized ballot. Thank you for that information. Your answer does not explain “who decides how ... issues are organized”. I clarified that such a decentralized ballot process can't organize issues, because the crowd is by definition an abrogation of the inexorable march towards increasing maximum-division-of-labor. That is just factoring in the divergence of lack of focused expertise in a decentralized ballot process. Add to that the knowledge from history from which follows the insight that politics diverges towards the most inefficient process possible. Contrast a DAO with a DVCS open source project in which peered experts collaborate in a decentralized process; which is the only known convergent positive scaling rule for software development structure. DVCS open source development is a viable decentralized process. Voting is not, because it requires a centralized management structure. You asked one question, and I answered it. Now you are asking another question, which unfortunately can not be answered in an objective manner because the answer lies not in code but in speculation about future events.
Huh ? What is wrong with you man. You can't foretell the future ? The solid as granite understanding that politics divergences from optimum outcomes does not require any crystal ball. “Those who do not learn history are doomed to repeat it.” — George Santayana |
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eca.sh
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Activity: 29
Merit: 0
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May 20, 2016, 07:41:52 AM |
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I just don't think the idea of a Corp that functions independent of a trained director or board is a good idea.
To me, the DAO only seems to provide a more elegant form of voting rights in a Corp. A token is a share, with voting rights. What else does this token do besides that? Despite all the innovation that eth may provide once it's potential is fully realized, this token is a tradeable voting share of a company that's on a public, verifiable ledger.
Kinda like a stock.
Which makes this a security.
An illegal security, as it is not regulated by the SEC.
It seems logical that since the voters can't actually perform the expertise of a skilled manager, the DAO is structurally indistinguishable from an electronic voting technology implementing the traditional corporate management structure. Otherwise without corporate management structure, the chaos and failure of a divergent unmanaged, disorganized, inept structure. |
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smooth
Legendary
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Activity: 2968
Merit: 1198
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May 20, 2016, 07:51:27 AM |
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Your answer does not explain “who decides how ... issues are organized”. I described the only mechanism that exists for the resources of The DAO to be mobilized. I clarified that such a decentralized ballot process can't organize issues
Then in your opinion, issues will not be organized by The DAO, because no other mechanism exists. |
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hv_
Legendary
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Activity: 2506
Merit: 1055
Clean Code and Scale
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May 20, 2016, 08:54:02 AM |
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Carpe diem - understand the White Paper and mine honest.
Fix real world issues: Check out b-vote.com
The simple way is the genius way - Satoshi's Rules: humana veris _
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sandiman
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May 20, 2016, 09:14:34 AM |
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Before I jump overboard, let me say uber is testing autonomous evs as we speak, sans blockchain. Teslas latest offering is also of the same vein. No company in this space has the r and d or capital expenditure to compete with either of these behemoths.
Blockchains are publically verifiable ledgers. If you don't really need a public ledger, you don't need a blockchain.
If the technology existed (these vehicles), I could simply call up an agent that owns these vehicles, rent the same fleet with my credit card, and flirt merrily from point A to point B. After which the car could return to its point of origin, or blow up, I give a wit either way. Simply trying to convey there are myriad more mundane and recognized technologies that don't need to be developed in order to do this. Some of the use cases seem almost a stretch to implement blockchain technology.
It's not that I'm not passionate about what bitcoin means to the future. It's just tempered with practicality.
Also, from experience, you don't want code spending money for you. You want code to indicate to you how or when you should spend your money. So that you can weigh variables outside the code, and use your intuition to decide.
Oh yeah. That swim.
splash
First of all, private blockchain exists, they don't have to be all publicaly verifiable ledger. There in your uber or tesla example, it would be incredibly more expensive to use such cars than one provided by an autonomous organization (please do not mistake it with a DAO) because of centralization, it's like comparing actual credit card fees and bitcoin fees. Moreover, in this case no code spend money for you, car choose through their code how they need and want to spend money, this is the whole point of an AO, no human needs) Who decides how and which issues are organized and presented to the voters; and is that influence effectively centralized control?
The algorithm does. Any token holder can submit a proposal and open proposals are displayed in descending order by the amount of deposit paid. To release the agreed bounty, a quorum of neophyte investors will vote to on whether the pull request submitted by the contracted programmer meets the requirements of the specification we originally approved by a prior vote? We will not depend on any experts to advise us? This will magically all coordinate itself in a decentralized manner without any de facto leaders emerging? Whomever designed the DAO doesn't comprehend the how and why politics doesn't work. “An elephant: A mouse built to government specifications.” — Lazarus Long “A Snail: Monero built with decentralized donations.” — SOMAcoin You are right Eca.sh aca Shelby, and this subject of political game has already been discussed on the Daoslack. It will be very interesting to see how the dao works in the future. |
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r0ach (OP)
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Activity: 1260
Merit: 1000
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May 21, 2016, 08:15:16 AM |
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When someone presents you with a rap video and then says "give me millions of dollars", that might be a red flag. |
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GreenBits
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Activity: 1148
Merit: 1048
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May 21, 2016, 02:59:20 PM |
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When someone presents you with a rap video and then says "give me millions of dollars", that might be a red flag. Lol, I finally clicked through to play that video. When I heard a pending bass drop, I knew what I was in for. I'd invest in the company that sold them that beat. Usually rappers tells us about their massive fortunes, not solicit them from us  |
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DeadBirdzz
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May 21, 2016, 03:44:54 PM |
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some muppet is trying to pull a fast one by using the DAO momentum to disguise his cheap multi-level marketing scheme. What a twat.  |
¯\_(ツ)_/¯
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hv_
Legendary
Offline
Activity: 2506
Merit: 1055
Clean Code and Scale
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May 21, 2016, 04:26:59 PM |
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some muppet is trying to pull a fast one by using the DAO momentum to disguise his cheap multi-level marketing scheme. What a twat. I now go and create a PAO ponzi auto org Anyone interested? |
Carpe diem - understand the White Paper and mine honest.
Fix real world issues: Check out b-vote.com
The simple way is the genius way - Satoshi's Rules: humana veris _
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Casalania
Full Member
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Activity: 491
Merit: 100
#SWGT PRE-SALE IS LIVE
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May 21, 2016, 04:36:33 PM |
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When someone presents you with a rap video and then says "give me millions of dollars", that might be a red flag. In the DAO, we can vote not to give the people the money if we think there is no hope to get our money back. |
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hv_
Legendary
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Activity: 2506
Merit: 1055
Clean Code and Scale
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May 21, 2016, 04:45:06 PM |
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When someone presents you with a rap video and then says "give me millions of dollars", that might be a red flag. In the DAO, we can vote not to give the people the money if we think there is no hope to get our money back. Great. Then nobody will invest, since this risk is latent..... As expected daodaodaodoaooo |
Carpe diem - understand the White Paper and mine honest.
Fix real world issues: Check out b-vote.com
The simple way is the genius way - Satoshi's Rules: humana veris _
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socks435
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Activity: 2016
Merit: 1030
Privacy is always important
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May 21, 2016, 04:51:34 PM |
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Many people are complaining to this kind of altcoin but never see any potencial of this coin and i think there's no grow for this coin..
I will stay at cbx..
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Solving blocks can't be solved without my rigs.
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r0ach (OP)
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Activity: 1260
Merit: 1000
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May 21, 2016, 07:03:59 PM |
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Many people are complaining to this kind of altcoin but never see any potencial of this coin and i think there's no grow for this coin..
I will stay at cbx..
I'm going to need an English translation of that. |
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smooth
Legendary
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Activity: 2968
Merit: 1198
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May 21, 2016, 07:33:02 PM |
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Many people are complaining to this kind of altcoin but never see any potencial of this coin and i think there's no grow for this coin..
I will stay at cbx..
I'm going to need an English translation of that. Sig spammer who is also spamming something called CBX |
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r0ach (OP)
Legendary
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Activity: 1260
Merit: 1000
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May 23, 2016, 09:06:24 AM |
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Many people are complaining to this kind of altcoin but never see any potencial of this coin and i think there's no grow for this coin..
I will stay at cbx..
I'm going to need an English translation of that. Sig spammer who is also spamming something called CBX So probably a DAO investor then... |
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GreenBits
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Activity: 1148
Merit: 1048
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May 24, 2016, 01:54:50 AM |
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Many people are complaining to this kind of altcoin but never see any potencial of this coin and i think there's no grow for this coin..
I will stay at cbx..
Eth has great potential. Just not right now, as an investment, because you would be buying into a peak. Also, there are governance concerns. Not for eth, for the DAO. |
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