Is The DAO going to be "Dead on Arrival" ?

[LiteCoinGuy]

The DAO is the latest Decentralized, Autonomous Organization to make major waves as they raised over $100 million worth of ETH tokens (12% of all ETH). The question remains, is it a good idea to invest in The DAO and have they learned anything from those who have gone before?

In this article I will talk about the experience gained from BitShares, not to promote BitShares as superior, but to highlight the hard lessons that can be learned from BitShares’ failures and how they might apply to The DAO.

https://steemit.com/crypto-news/@dan/is-the-dao-going-to-be-doa

[bathrobehero]

Dead Arrived On?

[StinkyLover]

I think a lot of "gimme cash upfront" projects will fail this year

[rdnkjdi]

Posted by "The Litecoin Guy" ... oh the irony

[r0ach]

This is exactly what I said days ago, that Bitshares already proved the DAO is a horrible idea lol.

[r0ach]

Things like this are kinda funny:

Perhaps even more interesting with The DAO, once you vote for something you are no longer allowed to split your ETH out and form a new DAO. This means that you have much to lose by voting and much to gain by not voting

After reading that through, it looks like the entire system was designed as a way to give the appearance of a risk free chance at profit, with the goal of the issuers just being to pump Eth in the short term (likely so the Eth devs can just dump and cash out like Vitalik was doing).  Even if one of these ventures did become profitable, the payoff would be delayed until like 2020.  If you just held BTC until 2020, you could have a god knows how big of fortune instead of some measily "slock.it" smart meter or whatever the hell gains.

It's clear this whole thing was just a pump scheme with the goal of inflating Eth market cap.  Attempt to lock up $100 million in the short term with the possibility of locking people in longer if they do something stupid like vote.  What was the date DAO people can start selling again?  May 28th or something?  I have a feeling Eth shorts are going to do well that day.

[ThePatient]

Perhaps even more interesting with The DAO, once you vote for something you are no longer allowed to split your ETH out and form a new DAO. This means that you have much to lose by voting and much to gain by not voting

[/quote]

OP, I'm pretty sure this isn't true. If a specific person just doesn't vote on a proposal, but the DAO overall accepts the proposal, then when it spends the ETH it has allocated to the proposal, your portion of ether remaining will now be less...regardless of if you specifically voted or not.

So you don't have much to gain by not voting..

[LiskCryptoFan]

This is exactly what I said days ago, that Bitshares already proved the DAO is a horrible idea lol.

BitShares proved it was run by great developers that made so many business mistakes along the way, it's not even funny. I don't think incompetent project management is a fair comparison.

[tokeweed]

The DAO is the latest Decentralized, Autonomous Organization to make major waves as they raised over $100 million worth of ETH tokens (12% of all ETH). The question remains, is it a good idea to invest in The DAO and have they learned anything from those who have gone before?

In this article I will talk about the experience gained from BitShares, not to promote BitShares as superior, but to highlight the hard lessons that can be learned from BitShares’ failures and how they might apply to The DAO.

https://steemit.com/crypto-news/@dan/is-the-dao-going-to-be-doa

Maybe, maybe not.  Maybe all those other DAO's just plain sucked in the people's eyes and the new Slock.it DAO is the ticket making Roach a sore angry little bitch...  AGAIN.  Hahahaha.

[Minecache]

The DAO and ETH now have great potential to launch from a solid foundation of core developers, great community, venture funds, private investors, financial institutions. Not least the fantastic tech behind the code. Gud times to get into DAO and ETH but your time to act/invest is diminishing.

[r0ach]

Whole thread is full of Eth shills.

[target]

I do think the devs have learned their lesson after looking at what happen to Bitshares.

Whole thread is full of Eth shills.

Just buy few ETH and try it yourself to by DAO r0ach. If this becomes successful like what is being planned, its okay not to thank me. I don't mind either. 

[tokeweed]

Whole thread is full of Eth shills.

And you're a BTS loving whining little bitch.  Hahahaha.

[r0ach]

And you're a BTS loving whining little bitch.  Hahahaha.

No, I actually care nothing about Bitshares and own 0, but I see you like to try and change the subject from both DAO and Eth being scams.

[Estimated]

DAO is just like a investment fund. It will take some time to invest the money. So we will not know if it is successful now.

[DecentralizeEconomics]

And you're a BTS loving whining little bitch.  Hahahaha.

No, I actually care nothing about Bitshares and own 0, but I see you like to try and change the subject from both DAO and Eth being scams.

How much money did the Larimer Gang and the Chicoms take you for?  Be honest.

[ProfessionalGoogler]

And you're a BTS loving whining little bitch.  Hahahaha.

No, I actually care nothing about Bitshares and own 0, but I see you like to try and change the subject from both DAO and Eth being scams.

You get proven wrong day after day.

Learn to shut the fuq up already. 

[tokeweed]

And you're a BTS loving whining little bitch.  Hahahaha.

No, I actually care nothing about Bitshares and own 0, but I see you like to try and change the subject from both DAO and Eth being scams.

Not changing the subject.  Everyone here knows you're just a sore whining BTS supporter. 

[Ayers]

what is dao exactly, just a decentralized platform, like freenet or stuff like that? or it has to do witht he pos of ethereum?

[NUFCrichard]

I was just on the DAO website.  The website itself is pretty good.
The concept seems a bit lost on me though, I can invest my Ether to get DAO which means that someone else can invest in what look like pretty poor projects!

The concepts have been taken from their forum!  I would rather that they act like a true venture capital fund, picking out online forum ideas isn't a $100mil idea!