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kingorbust
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smooth (OP)
Legendary
 Offline
Activity: 2968
Merit: 1198
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May 22, 2016, 05:15:30 AM |
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IMHO when people will be able to liquidate their DAO ETH will dump hard and ALTS will drop too. Many people who bought ETH for the DAO pump are sitting in 50% + profits, not a bad gain to lock in.
so when will this happen? Funding of DAO ends on 27th but I dont think they can just cash out? So when is the first date when many can liquidate DAO? You can dump on an exchange as soon as it starts trading, but to actually withdraw your ETH from the DAO takes quite a while. I've read around a month and a half. First you have to split your shares from the main DAO, which takes time, then you would need to make and approve a proposal within your own DAO to pay out the ETH, and the proposal process a minimum required time period. I guess I've been out of the loop for a long time, but what is a DAO? I'm guessing an exchange? Also, can you technically send Eth from wallet "wallet" to the next like a normal crypto? The DAO everyone is talking about is something like a decentralized crowdfund or investment fund that has collected $150+ million worth of ETH in the past few weeks. Woah, good lord... for what exactly? The Eth community funded this, or who? You can only fund it using ETH, so mostly the ETH community is a reasonable inference, though we can only speculate how many bought ETH specifically for that purpose. |
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americanpegasus
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May 22, 2016, 05:24:42 AM |
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Woah, good lord... for what exactly? The Eth community funded this, or who?
It's a decentralized profit venture inside a decentralized profit venture! It's brilliant. In fact, I want in on that sweet action. I would like to formally announce the Pegasus network, a decentralized DAPP layer that runs on top of Monero. Your DAPPS run in a completely secure environment and are only accessible and viewable by those who you share viewkeys with. Imagine, secure banking applications which can transact anonymous, untraceable tokens and can't be altered without enhancing the security of the very thing they are trying to attack! SECURICEPTION. In fact, we interrupt this addverticement to BLOW YOUR MIND. On this Pegasus secure applications layer we are going to program a new concept called the PCC (Private Cloud Corporation), which allows you and any others to enter into a profit making venture with capital (the underlying Monero tokens) and defined programmable rules to determine profits, roles, and responsibilities. Even better - no one will ever know about your corporation unless you explicitly make them aware of it! So get in line DAO; the future is now on the next-generation Pegasus Network running on top of Monero. You can pre-fund your Pegasus account by sending Monero to our ICO address. I haven't started learning C++ yet, but I plan to this weekend so for sure the project will be launched by the end of this year. Maybe next year tops. |
Account is back under control of the real AmericanPegasus.
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phishead
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May 22, 2016, 05:25:53 AM |
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Is it just me, or is this the same type of jibberish that I've heard that promotes ETH... So in a sense, DAO is a smart contract wallet inside a smart contract that is funded by smart contract tokens... Did I get that right? |
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phishead
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May 22, 2016, 05:28:37 AM |
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Woah, good lord... for what exactly? The Eth community funded this, or who?
It's a decentralized profit venture inside a decentralized profit venture! It's brilliant. In fact, I want in on that sweet action. I would like to formally announce the Pegasus network, a decentralized DAPP layer that runs on top of Monero. Your DAPPS run in a completely secure environment and are only accessible and viewable by those who you share viewkeys with. Imagine, secure banking applications which can transact anonymous, untraceable tokens and can't be altered without enhancing the security of the very thing they are trying to attack! SECURICEPTION. In fact, we interrupt this addverticement to BLOW YOUR MIND. On this Pegasus secure applications layer we are going to program a new concept called the PCC (Private Cloud Corporation), which allows you and any others to enter into a profit making venture with capital (the underlying Monero tokens) and defined programmable rules to determine profits, roles, and responsibilities. Even better - no one will ever know about your corporation unless you explicitly make them aware of it! So get in line DAO; the future is now on the next-generation Pegasus Network running on top of Monero. You can pre-fund your Pegasus account by sending Monero to our ICO address. I haven't started learning C++ yet, but I plan to this weekend so for sure the project will be launched by the end of this year. Maybe next year tops.As long as you can fit it between your gender studies classes...  |
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smooth (OP)
Legendary
Offline
Activity: 2968
Merit: 1198
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May 22, 2016, 05:54:40 AM |
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Is it just me, or is this the same type of jibberish that I've heard that promotes ETH... So in a sense, DAO is a smart contract wallet inside a smart contract that is funded by smart contract tokens... Did I get that right? Just think of it as a big multisig wallet where people pool a bunch of money and then vote on how to spend it. The rest of the gibberish is obfuscation. |
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TooDumbForBitcoin
Legendary
Offline
Activity: 1638
Merit: 1001
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May 22, 2016, 11:31:32 AM |
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aminorex silent for six weeks
health?
walked away?
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nioc
Legendary
Offline
Activity: 1624
Merit: 1008
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May 22, 2016, 12:19:34 PM |
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Woah, good lord... for what exactly? The Eth community funded this, or who?
It's a decentralized profit venture inside a decentralized profit venture! It's brilliant. In fact, I want in on that sweet action. I would like to formally announce the Pegasus network, a decentralized DAPP layer that runs on top of Monero. Your DAPPS run in a completely secure environment and are only accessible and viewable by those who you share viewkeys with. Imagine, secure banking applications which can transact anonymous, untraceable tokens and can't be altered without enhancing the security of the very thing they are trying to attack! SECURICEPTION. In fact, we interrupt this addverticement to BLOW YOUR MIND. On this Pegasus secure applications layer we are going to program a new concept called the PCC (Private Cloud Corporation), which allows you and any others to enter into a profit making venture with capital (the underlying Monero tokens) and defined programmable rules to determine profits, roles, and responsibilities. Even better - no one will ever know about your corporation unless you explicitly make them aware of it! So get in line DAO; the future is now on the next-generation Pegasus Network running on top of Monero. You can pre-fund your Pegasus account by sending Monero to our ICO address. I haven't started learning C++ yet, but I plan to this weekend so for sure the project will be launched by the end of this year. Maybe next year tops. I want to be first on the Pegasus Network.  I can see it now, pegai flying in clouds.  |
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TrueCryptonaire
Legendary
Offline
Activity: 1092
Merit: 1000
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May 22, 2016, 12:22:27 PM |
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aminorex silent for six weeks
health?
walked away?
He is probably busy nowdays as it is time to waite for buying opportunity. |
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Hueristic
Legendary
Offline
Activity: 3808
Merit: 4891
Doomed to see the future and unable to prevent it
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May 22, 2016, 01:26:40 PM |
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You might be an hour off. I think some are getting DAO confused with DAG as well. |
“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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r0ach
Legendary
Offline
Activity: 1260
Merit: 1000
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May 22, 2016, 03:10:37 PM |
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Is it just me, or is this the same type of jibberish that I've heard that promotes ETH... So in a sense, DAO is a smart contract wallet inside a smart contract that is funded by smart contract tokens... Did I get that right?
Just think of it as a big multisig wallet where people pool a bunch of money and then vote on how to spend it. The rest of the gibberish is obfuscation. Now imagine a giant group of people whose main attraction to pooling their money was to form a decentralized pump and dump, realizing they have to sell at the top or be forced to collectivize and work on a product together with none of the relevant skills and compete against people like Intel. |
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rpietila
Donator
Legendary
Offline
Activity: 1722
Merit: 1036
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May 22, 2016, 05:14:57 PM |
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aminorex silent for six weeks
health?
walked away?
He is probably busy nowdays as it is time to waite for buying opportunity. Yeah. |
HIM TVA Dragon, AOK-GM, Emperor of the Earth, Creator of the World, King of Crypto Kingdom, Lord of Malla, AOD-GEN, SA-GEN5, Ministry of Plenty (Join NOW!), Professor of Economics and Theology, Ph.D, AM, Chairman, Treasurer, Founder, CEO, 3*MG-2, 82*OHK, NKP, WTF, FFF, etc(x3)
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dEBRUYNE
Legendary
Offline
Activity: 2268
Merit: 1141
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May 22, 2016, 05:26:30 PM |
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aminorex silent for six weeks
health?
walked away?
He is probably busy nowdays as it is time to waite for buying opportunity. Yeah. He's still active on Twitter though: https://twitter.com/aminorex/with_replies |
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vuduchyld
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May 22, 2016, 05:29:59 PM |
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DAO sounds a lot like the bullshit surrounding UNITY. How'd that work out?
Seriously, what can you actually buy with ETH?
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dEBRUYNE
Legendary
Offline
Activity: 2268
Merit: 1141
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May 22, 2016, 08:07:16 PM |
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pinky
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May 22, 2016, 09:10:49 PM |
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IMHO when people will be able to liquidate their DAO ETH will dump hard and ALTS will drop too. Many people who bought ETH for the DAO pump are sitting in 50% + profits, not a bad gain to lock in.
so when will this happen? Funding of DAO ends on 27th but I dont think they can just cash out? So when is the first date when many can liquidate DAO? You can dump on an exchange as soon as it starts trading, but to actually withdraw your ETH from the DAO takes quite a while. I've read around a month and a half. First you have to split your shares from the main DAO, which takes time, then you would need to make and approve a proposal within your own DAO to pay out the ETH, and the proposal process a minimum required time period. I guess I've been out of the loop for a long time, but what is a DAO? I'm guessing an exchange? Also, can you technically send Eth from wallet "wallet" to the next like a normal crypto? The DAO everyone is talking about is something like a decentralized crowdfund or investment fund that has collected $150+ million worth of ETH in the past few weeks. Brilliant, it's like a bubble inside a bubble. ETH has become the ultimate bubble machine. |
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cryptimus prime
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May 22, 2016, 09:16:16 PM |
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I love both XMR and ETH and own both in similar quantities, but fact is: While ETH and the DAO produce news in big mass media we wait for an official GUI Wallet.
Yes we can call it a bubble or whatever but this is how it is, everybody is jumping on the Ethereum waggon. I guess we would not be sad if Monero had the same success.
I think Monero has a huge potential, even just if it fills a huge "niche", but it has to be done.
The failure or success of ETH is not that important as to analyze where XMR stands now and why.
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