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Author Topic: What is good about DAO?  (Read 1889 times)
Boxxl (OP)
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June 03, 2016, 12:19:17 PM
 #1

In simple text please :-)
Why is DAO good or bad?

Is it something new?
Why I need to invest now?

No Signature right now...
stoat
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June 03, 2016, 12:21:08 PM
 #2

The dao is going through a metamorphosis

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June 03, 2016, 12:28:49 PM
 #3

You don't need to understand investments to invest.

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June 03, 2016, 03:13:23 PM
 #4

You don't need to understand investments to invest.

But then it's called gambling and not investing.

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June 03, 2016, 03:22:45 PM
 #5

You know DAO is going to tank when the #1 and #2 Eth shills have already posted in the thread and could think of absolutely no reason why someone would want this scam asset.

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shanem
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June 03, 2016, 03:37:11 PM
 #6

When I saw that DAO has millions invested in it and being the next Ethereum, I have a feeling that the price won't go up much at all. There are way too many holders trying to cash out and too much expectations on it. If expectations are not met, everyone will try to cash out driving the price lower.

     

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glerant
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June 03, 2016, 03:46:17 PM
 #7

You could try looking on Wikipedia

https://en.wikipedia.org/wiki/The_DAO_(organization)
GamblingIsWrongWay
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June 03, 2016, 03:47:30 PM
 #8

free money for developer Roll Eyes
i wil choose CBX POS coin, less supply and cheap Tongue

BellaBitBit
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June 03, 2016, 03:53:47 PM
 #9


Also, Google is great for searches I have heard.

What is good or bad about DAO - what does this mean?

DAO is an experiment and extremely interesting to those who are following decentralization of economics and lifestyle.  It can't be good or bad.

I love Bitcoin
MyownBoss
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June 03, 2016, 04:17:44 PM
 #10


Also, Google is great for searches I have heard.

What is good or bad about DAO - what does this mean?

DAO is an experiment and extremely interesting to those who are following decentralization of economics and lifestyle.  It can't be good or bad.

+1

Also the DAO is not a cryptocurrency, altcoin, nor a platform. It is barely qualified to be called an asset. HOWEVER when you drop all those titles you end up a Decentralized Autonomous Organization. A Venture fund where ANYONE is allowed to invest. That in and off itself is groundbreaking. The only thing BTC and the DAO have in common is the fact that the are both social experiments. BTC,ETH,DAO, etc all have their merits so comparing them is foolish. Everyone knows BTC is the best store-of-value (to date) in the crypto world however there are other aspects to consider. AND if the DAO ends up the new Silicon Valley many people will be bent for underestimating it (like when BTC was $1 or $10, or $100)

Rule #1:Never lose money.
Rule #2: Never forget #
MyownBoss
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June 03, 2016, 04:23:21 PM
 #11

You don't need to understand investments to invest.

THIS is by far THE DUMBEST thing I've ever read on BCT...You good sir are a fool, and that is how you end up losing money.

Rule #1:Never lose money.
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wanitopo
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June 03, 2016, 09:21:10 PM
 #12

I don't know what a DAO is and I read posts by hero members who don't know either. After looking I couldn't find anybody who could explain what use it is with a simple one sentence answer. Can anyone in this thread explain it without a wall of incomprehensible technical text and 2000 links?
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June 03, 2016, 09:50:22 PM
 #13

so i sent 50 ETH to an address on daohub.com...

im confused as to how this process works, how do i get the tokens to poloniex?
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June 03, 2016, 09:59:02 PM
 #14

You don't need to understand investments to invest.

THIS is by far THE DUMBEST thing I've ever read on BCT...You good sir are a fool, and that is how you end up losing money.

These days I often forget to write the /sarcasm tag.

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June 03, 2016, 10:03:03 PM
 #15

The DAO is a business owned by tokenholders who use their tokens to vote on business opportunities for The DAO to pursue with the hope of participating in the profit from those opportunities.

DAO tokenholders will likely be considered general partners if The DAO gets sued. As general partners each tokenholder (even if you own just 1) could be held legally liable for the entire debt. An enterprising Plaintiff's attorney might start off by subpoenaing an exchange with KNC requirements to get a list of tokenholders, then start adding the tokenholders with collectible assets to his lawsuit.




MyownBoss
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June 04, 2016, 02:01:20 AM
 #16

You don't need to understand investments to invest.

THIS is by far THE DUMBEST thing I've ever read on BCT...You good sir are a fool, and that is how you end up losing money.

These days I often forget to write the /sarcasm tag.

Ohh thats relieving lol

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crypto jerk
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June 04, 2016, 03:10:25 AM
 #17


DAO tokenholders will likely be considered general partners if The DAO gets sued. As general partners each tokenholder (even if you own just 1) could be held legally liable for the entire debt. An enterprising Plaintiff's attorney might start off by subpoenaing an exchange with KNC requirements to get a list of tokenholders, then start adding the tokenholders with collectible assets to his lawsuit.


Uh oh, spaghetti o's . Which of you investors didn't read the fine print?
The Sceptical Chymist
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June 04, 2016, 03:34:22 AM
 #18

Thank you sir! I wouldn't have even thought it'd have a wiki.  I shall read this and figure out what it seems like everyone else here knows.

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June 04, 2016, 05:17:11 AM
 #19

You know DAO is going to tank when the #1 and #2 Eth shills have already posted in the thread and could think of absolutely no reason why someone would want this scam asset.

Yes, this is going to probably tank. At this moment there are 44 proposals on the table and 36 of them are so investors can split and go through the 48 day process to get a portion of their ETH back. Not sure why they want to go through that process when they can dump their tokens on some other unfortunate soul in less than an hour, for Bitcoin.
At the moment, I'm bag holding. Not sure what irrational aspect of myself wants to stay on this sinking ship when lifeboats are still readily available.
Before making the folly and purchasing these junk tokens a month ago, I had managed to stay away from ETH, for the most part. Something in my soul told me there was something seriously wrong with it. My suspicions have been fully confirmed running the Mist wallet. What a clunker. I had less problems with the 98 Seabring convertible that I just gave away.
Here I go again, flipping from cheerleader to butt hurt troll again. Oh well, maybe if any of these alts actually were worth a shit, I wouldn't be prone to change my mind. The only coin that I really want is Bitcoin. I should just come to terms with that. For now, any DAO holders should take note. When you see me flip my position on a token, you should see it as a sign. Like when the canary just stopped singing and looks dead, and you're a miner.
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June 04, 2016, 04:48:45 PM
 #20

The DAO is a business owned by tokenholders who use their tokens to vote on business opportunities for The DAO to pursue with the hope of participating in the profit from those opportunities.

DAO tokenholders will likely be considered general partners if The DAO gets sued. As general partners each tokenholder (even if you own just 1) could be held legally liable for the entire debt. An enterprising Plaintiff's attorney might start off by subpoenaing an exchange with KNC requirements to get a list of tokenholders, then start adding the tokenholders with collectible assets to his lawsuit.






Oh stfu.

Threatening this kind of thing should be a bannable offense on bitcointalk.

Did we all get in to crypto because we all love to suck the bankers cocks or deal with all that horse shit?

If you did please leave the building.


So many threats, SEC, CIA, FBI and the MIB

Bitcoin faggots will really sink to the lowest point to scare people off ethereum.  If the FUD and fear spreading has got to this point it shows they are threatened.

Man, fuck you and fuck your businesses.  They can all go bust. 

Ethereum to the moo [ha ha] n

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