I think DAO still has a good one or two pumps on it before it deflates like yet another alt. ETH probably has twice the pumps before it becomes irrelevant.
No wonder none of the proposals for the DAO are anywhere near the 20% quorum needed to even count. Most are just checking out POLO & Bittrex, hoping for the next ETH/DAO pump so that they can unload their tokens on the next sucker. They don't want to use their tokens to vote on stupid proposals, which is what they were supposedly intended for. They want to see some whales pump up ETH to some god awful value, and hope the DAO leech tokens follow suit.
Oh well, I'm probably being a hypocrite anyway, since I am doing the same thing.
However, I refuse to shill this shit, anymore, in a pathetic attempt to escape my poor judgement in this case.Well, the more one investigates the DAO the worse it gets...
No Proposal is coming close to 20% quorum because the whales are colluding and not voting.
Why would anyone invest millions $$$ of highly liquid ETH into an flaky, experimental venture fund...
Unless the whole thing was rigged and a guaranteed return.
So there you go...
The Top 9 accounts can create a 20% quorum... or any combination of the Top 50 accounts easily...
So it doesn't matter how "investors" vote because the insiders can strip the DAO of ETH at will.
Just pitch semi-plausible Proposals (a "good story" as they call it on Wall Street)...
And methodically siphon off all the money over a year or two... while delivering ongoing "promotion" and not much else.
You can say the same exact thing about Bitcoin. Replace the words ETH and DAO with BTC and you will find the same similarity.