Post
Topic
Board Altcoin Discussion
Re: DAO trading is up in bittrex
by
Zer0Sum
on 28/05/2016, 14:02:35 UTC
it is trading under the ICO price right now Cheesy Cheesy

What is the ICO price ?

ICO price ranged from 100/ETH for first 2 weeks to 150/ETH recently...
(But I would guess 90% bought in at 100/ETH)...
So ETH/100 acts as a floor because you can pull out of the DAO before voting and get your ETH back.

lol, DAO is trading on Bittrex for almost exactly ETH/100 = floor price...
Which is a massive vote of non-confidence.

With all the absurd hype, no one seemed to realize that the massive sucking of 20% of all ETH...
Into a dodgy, unworkable free-money-for-my-friends scheme with an awful name like "The DAO"...
Could seriously damage Ethereum's reputation and lead to a slow death spiral like NXT.