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Author Topic: Dao trading poloniex/kraken  (Read 257 times)
bilebil
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September 04, 2016, 11:02:18 AM
 #1

Poloniex doesnt trade DaO anymore
What do you think about the trading on kraken and the futur of Dao?
I feel like it is not good anymore to hold my dao token
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amacar2
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September 04, 2016, 02:19:15 PM
 #2

Poloniex doesnt trade DaO anymore
What do you think about the trading on kraken and the futur of Dao?
I feel like it is not good anymore to hold my dao token
Just checked poloniex and they are still trading DAO, why you have said poloniex doesn't trade DAO anymore. However i and many have already lost interest over DAO after it got drained long time ago.



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clownius
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September 04, 2016, 05:58:13 PM
 #3

I guess you must be living under a rock.

The DAO failed. The smart contract was not so smart.  Its code allowed people to drain all of its funds.

Even less smart was the mETH foundation who decided to Hard Fork (after royally screwing up an attempted Soft Fork solution) and roll back the transactions they didnt like to protect their investment

The exchanges and miners were smart with many continuing the old chain after the HF.  Its called ETC.

THE DAO on the HF or bailout chain only has one task and thats to refund the DAO holders what they invested because it completely failed.  THE DAO which also exists on the original chain (ETC) was drained of all its remaining funds by the Eth Foundations own hackers (they call themselves the White Hack group or Robin Hood group) who tried to dump the ETC on market to crash the original eth chain and use the funds to pump their bailout chain.  It didnt work due to threats of lawsuits and because two exchanges froze the coins they tried to dump.  So suddenly looking at lawsuits and not having the funds anymore they have now promised to do the right thing and use whats left to refund the DAO holders some of the ETC they would have had if the bailout didnt happen and the DAO wasnt a complete fuck up...
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