The DAO

[Taborresen]

What is the deal with this? I have not read much about it, but i cant help but notice its position on coinmarketcap. Is this something people just use for speculative trading or are the actually useful for something?

[vanobe]

What is the deal with this? I have not read much about it, but i cant help but notice its position on coinmarketcap. Is this something people just use for speculative trading or are the actually useful for something?

It's supposed to be a decentralised organisation, but I think it's mainly used for day trading since it started. It's got volume and violent price swings which day traders make money from.

[2dogs]

I obtained a few as an experiment.
Ask me next week, and I might have sold them already.
Or purchased some more.
Time will tell if it proves to be worthwhile or not.

[lanbo]

I've been buying DAO since it started trading, won't be the biggest crowdfunding project ever for nothing.

[Josef27]

Keep an eye on this one! "Thing's in nature don't, move or grow this fast". That's a paraphrased quote from Jeff Bezos talking about the internet pre Amazon.  I think it applies to BTC, Ethereum, and The DAO.

[reb0rn21]

ethereum is 70M premined, there was need to move some of mined and sold ethereum to DAO so they can scam/pump it more
I bet next is DAO2 project, maybe some smart contract for FBI to track ethereum network, I guess its main object was gov centralization of crypto the end of BTC, long live USA BTC 2.0 called ehereum!!!!!!!

[tokeweed]

What is the deal with this? I have not read much about it, but i cant help but notice its position on coinmarketcap. Is this something people just use for speculative trading or are the actually useful for something?

Both.  Be on the look out on this one.  Been watching it in the market but I personally will not take a position for now.  This will be useful in getting Ethereum based projects funded creating an ecosystem (hopefully) profitable for the DAO itself and the projects funded.

[Taborresen]

ethereum is 70M premined, there was need to move some of mined and sold ethereum to DAO so they can scam/pump it more
I bet next is DAO2 project, maybe some smart contract for FBI to track ethereum network, I guess its main object was gov centralization of crypto the end of BTC, long live USA BTC 2.0 called ehereum!!!!!!!

Man, not so enthusiastic about ethereum are u.

[Zer0Sum]

What is the deal with this? I have not read much about it...

Wat? Are you 5 years old?

[Taborresen]

What is the deal with this? I have not read much about it...

Wat? Are you 5 years old?

eh.. Yes.  Stupid question. Not everybody knows everything about all the crypto currencies/tokens. Bitcoin i have heard of for a long time (even was lucky enough to get some in the early 2013), Ethereum i have followd for some time, but now there is so many altcoins that i am lost in the jungle and dont have the time to research all of them.  With the help of some of the guys in this thread i now know more. Thx btw. i got some answers about The DAO

[Ab-Soul]

I'm gonna give you ELI5: It has voting futures for new projects. Investors put Ether to buy DAO and get voting right. If the project is accepted by voters (DAO holders), Ethers in the DAO will be used to fund that project.

[shyliar]

I'm gonna give you ELI5: It has voting futures for new projects. Investors put Ether to buy DAO and get voting right. If the project is accepted by voters (DAO holders), Ethers in the DAO will be used to fund that project.

And since the project will actually require fiat to operate those ETH will be sold thereby lowering ETH price and value of DAO. Unless a DAO2 is mass marketed to continue support of current price.

[The Sceptical Chymist]

What is the deal with this? I have not read much about it...

Wat? Are you 5 years old?

Dude, I'm in the same boat.  I know nothing about what DAO is, and I'm in the dark about most new developments in cryptocurrency.  All the threads I've read that mention DAO seem to be speculative, but they don't really mention what it is.  I assume it's another altcoin? 

So much around here is total crap that my attention span has collapsed to about a paragraph or less.

[Helpme_please]

I've been buying DAO since it started trading, won't be the biggest crowdfunding project ever for nothing.

the price very cheap now, im buying at 25ksat (after ICO end) i selll at 22k lost arround 0.15
i will interesting to buy back DAO if the price dwn to 15ksat

[Taborresen]

I'm gonna give you ELI5: It has voting futures for new projects. Investors put Ether to buy DAO and get voting right. If the project is accepted by voters (DAO holders), Ethers in the DAO will be used to fund that project.

And since the project will actually require fiat to operate those ETH will be sold thereby lowering ETH price and value of DAO. Unless a DAO2 is mass marketed to continue support of current price.

Thx. This was short and to the point. A very good explanation.  So. DAO for speculative trading for the most part. At least for most of us.

[Amph]

you really want to know what is this? isn't it obvious?

this is another great ico, yet scammy coin, for fish that will be pumped by bot and suck your portfolio until it's done

people here are only investing for profit, there is no project that really interest them, only bitcoin can survive this bitcoin it has actually some usage besides being only a simple tool for p&d

however this doen not mean that you might not take advantage of this and take your portion of profit from it

p.s. don't be fooled by its position on coinmarketcap, its easy to have a high position, when you have a ridiculous high supply like that, every coin with more than 100M in supply is a bad joke

[Next BillG]

The Ethereum will worth a lot more in the future if it is being developed continuously and has many applications.

[reRaise]

you really want to know what is this? isn't it obvious?

this is another great ico, yet scammy coin, for fish that will be pumped by bot and suck your portfolio until it's done

people here are only investing for profit, there is no project that really interest them, only bitcoin can survive this bitcoin it has actually some usage besides being only a simple tool for p&d

however this doen not mean that you might not take advantage of this and take your portion of profit from it

p.s. don't be fooled by its position on coinmarketcap, its easy to have a high position, when you have a ridiculous high supply like that, every coin with more than 100M in supply is a bad joke

btc also started just with traders, stfu.

[Daimaru]

I think DAO is just a fail ICO
the price not worthed for me no new technology behind it.

[MyownBoss]

I think DAO is just a fail ICO
the price not worthed for me no new technology behind it.

Soooo a decentralized autonomous venture fund is "no new technology" huh. Strange because I never heard of that before the DAO...and for the love of god stop calling it a coin/cc because it isn't it is more like a share in a company. It's not meant to be currency. And anyone who calls it a scam coin or failed ico has no idea what it really is. Just talking based on assumptions...


Oh and btw # of coins has NOTHING to do with market cap being high. 1 million worthless coins doesn't equal a $1 million market cap.