Post
Topic
Board Altcoin Discussion
Re: Why would anyone buy this DAO crap?
by
stoat
on 19/05/2016, 23:10:46 UTC


This is the big #2 proposal that is driving DAO lemmings-jump-off-the-cliff-and-drown-in-the-sea mass suicide.
 
It's almost impossible to exaggerate how retarded this is...
Or how blockchain unsuitable maintaining fleets of cars is (why stop here, let's manage an airline with Solidity code).

Would you put someone you care about into this contraption?

And as for the claims of instant profits, sorry, no free lunch...
You can withdraw your ETH at 100 DAO per ETH... if you paid 1.5 ETH per 100 you will take a 50% loss.

I suspect that >>> 50% of the DAO investments will be pulled out within weeks...
But the SuperBubble masters will have succeded in popping ETH by 50% in the last month.

Please note that all that heavy buying... is matched by heavy selling and profit taking.
.

What, in the blue fuck, is that? Dammit people, the blockchain can't solve every fucking thing. That's a toy as far as I'm concerned, pardon my ignorance if I have failed to see the use case for a robotic power wheel.

There are too many vastly superior companies making autonomous EVs. And a blockchain is wholly unnecessary, why does there need to be a ledger of the rentals?

Do you care who rented the red box end before you did? Do the shareholders care? Does anyone honestly care?


You guys don't see the full potential of the blockchain. Anyone could create an autonomous organization of self driving cars when the technology will be ready. You would use such car to go from point A to point B and pay it. Then, the car could charge or fuel back itself, and if it made profit even buy another car to add to "its" fleet (or expand the general fleet, depending on the code).

Another example of autonomous organization could be a email spamming system. Corporation would use such AO to advertise themselve, and the AO i don't know with what kind of algorithm, would provide the service.

I don't know how can someone stay that long on the forum of bitcoin and so the blockchain technology, without first being interested in the technology and then passionated about its possibilities.


Well said.

The fact is, the reprobate specimens who frequent this forum are mostly scammers and promoters of fake and broken shitcoins,  it's natural that they would act in a churlish manner towards a crypto with genuine application in the real world.  The fucking tossers should get in the fucking sea