To let others vote what happens to your money you don't have to go to DAO, just pay your taxes, and just watch how your money is squandered on some unqualified wankers' pet project.
Now that I think of it the parallels are immense, up to the total mismanagement of money culminating in a bailout.

All this heartfelt advice on these boards! Brings a tear to my eye that there are people out here trying to help their fellow man!

Any exceptional product will be by definition, elitist. If you want mediocre money, look no further, fiat is here. You want terrible money? Go to Zimbabwe. Paypal, creditcards, bank wires all work perfectly fine for almost anything in a mediocre society. Those living in those societies pay the price for embracing mediocrity through being strongarmed by goons and having their money constantly devalued by shallow moralists.
Now, I want my money to be 100% free from morals, except for those that promote its minimal requirements: freedom from the meddling of idiots who will squander it in their idiotic socialist projects, technological and financial soundness.
Open source is highly overrated, It took an exceptional thinker (or group) to create Bitcoin. Open source has as yet yielded a deluge of shitcoin copies. The only positive aspect is the source code being available so people can trust the protocol to work a certain way.
As an aside, I am annoyed as fuck at the constant misuse of the word consensus, which is turned into the socialistic notion of every idiot's opinion being worth as much as the next man's opinion. This was never true, and I want my money to be created by the brightest of the brightest minds, who disregard what the mediocre might or might not think about their work.

A technology is in the end measured by its real world applications and value. When all is said and done you have to close the study books and go out there into the world and make something happen. Whether that is provide the thirsting junkies with their fix or growing legs on sub saharan amputee babies, all the rest is pseudo intellectual wankery or hobbyism.

Now as far as crypto goes, one of the use cases it actually succeeded at is providing those who want to buy goods deemed illegal by whatever collection of mediocre numbskulls is ruling them with an avenue to do so, at a significantly lower risk than before. World hunger is still there, and the unwashed masses still haven't been provided with soap yet, but that's ok. We will get to that too, using blockchain, maybe. Or probably not.

No

This is the most significant crypto news in days, also for speculators... yet 2 replies...
Is this a crypto board?

The magic keeping the ETH price high is a ton of people that bought in at 15$ plus levels.
The next great fiasco will be devastating, those into schadenfreude won't be dissapointed.

1. All those trying to insert (socialist) morality discussion into a financial value transfer/storage system should be disregarded immediately.
2. Dark market money is one of the only proven real world non-speculative use cases for bitcoin and other crypto.

That being said, does anyone have some numbers on Alphabay users / size of the markets? Thanks.

https://www.random.org/integers/?num=1&min=1&max=100&col=5&base=10&format=html&rnd=new

then take the coin that has that spot on coinmarketcap

Yes a virus that causes bagholderitis.

LOL

All your worries will be gone after we chip you and make sure you get your daily suppressor medicines. We are also bringing jet fuel that can melt steel beams to the market soon!

The list of applications on dapps.ethercasts.com is underwhelming to say the least. Gambling, pyramid contracts, apps that other coins already did, better and more safely, some more gambling...
Online gambling has been solved like 20 years ago though... the majority of losing (-EV) gamblers are happy to pay a ~1% cut, they lose money anyhow.
Why would the fish (losing players) go through the trouble of moving to an ETH platform? They can barely start the computer most of the time... They go to pokerstars, 888, etc, because they saw it on tv.
Now, someone will say that ETH will be the technological backbone for these gambling companies and players won't really notice... I ask them, for the big gambling companies, what upside is there to decentralizing their backend? None, they want to retain full control. They will use a nice SQL database and proprietary software. After the DAO and hard fork debacles, they also know that not even the immutability of the ledger is save, the only property of a blockchain that might appeal to some serious company somewhere (besides maybe full anonymity)...

Just apply some logic...

Not touching that stash of BTC would have only 4 feasible reasons:
-The owner lost his key.
-The owner died and took his key with him.
-It's locked behind a multi-sig and the owners had a fall out.
-The owner is not interested in money (extreme autism).

I listed them from most high to low likelihood. That is all there is to it. Price protection, "wanting bitcoin to succeed" and superhuman restraint have nothing to do with it.

Your title is factually incorrect, OP. I prayed for waking up to a new Lambo on my front lawn and it isn't there!

WOW! 2.5 minute blocktimes? SIGN ME UP!

The more the merrier. May the best one win.

So are you throwing a parity party when the time comes OP?

I must give litecoin credit for being the coin with the most persistent baghodlers

"Hey guys! We certainly didn't run a bail out to recoup losses for ourselves and our friends at the cost of investors! It was for the greater good!"

-signed, the Bail out team