Quote from: r0ach on May 18, 2016, 05:14:59 AM

The DAO was designed from the ground up as a scheme to pump Eth. As soon as the DAO holders can sell those $100 million in locked up Eth, the thing is going to crater:

Quote from: r0ach on May 17, 2016, 05:35:53 PM

Things like this are kinda funny:

Quote

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.

$ 100 million in the ether rate is not $ 100 million.
Because investment earned, when these ether withdraw in $ or BTC.
The first 1,000 ether (relatively) you sell at $12
Another 1,000 ether - for $11... then 10, 9 and so on to zero.