Where is the evidence of $100M?
The DAO close to $100m in funding. Soon to be the largest crowdfunding ever
11–20 of 84 posts
Re: The DAO close to $100m in funding. Soon to be the largest crowdfunding ever
#12DAO stands for Decentralized Autonomous Organization (that's as far as I got)
Re: The DAO close to $100m in funding. Soon to be the largest crowdfunding ever
#13So DuckDuckGo gives their site description as being "the first Decentralized Autonomous Organization on the Ethereum blockchain" for those who are curious.
But my God, that site is horrendous.
Re: The DAO close to $100m in funding. Soon to be the largest crowdfunding ever
#14Anyone who can explain what this is, much appreciated. Judging from comments here I'm far from the only one without a clue despite reading the page.
I think DAO is a complicated abstraction layer over blockchain protocol, meaning that when you get hacked you don't know how much money you actually lost.
Re: The DAO close to $100m in funding. Soon to be the largest crowdfunding ever
#15All I understood from that page is that it has something to do with the cryptocurrency Ethereum. Is it an Ethereum coin exchange or something like that?
Re: The DAO close to $100m in funding. Soon to be the largest crowdfunding ever
#16Ok, I have read the page at https://daohub.org/ and I still don't know what "the DAO" is? Is it a blockchain-centred crowdfunding platform?
This looks to me like something on the order of convertible warrants based initially on bitcoin/Ethereum, which convert to DAO tokens. DAO tokens appear to be some sort of collective ownership of "crypto assets" whatever THAT means. The website reminds me of a horse with peanut butter in his mouth -- his lips are moving but not much is being said...
Re: The DAO close to $100m in funding. Soon to be the largest crowdfunding ever
#17I was confused as to what the DAO is, so I googled around and came across this article that explains it pretty well: http://www.coindesk.com/the-dao-just-raised-50-million-but-w...
Re: The DAO close to $100m in funding. Soon to be the largest crowdfunding ever
#18Wikipedia to the rescue (give or take): https://en.wikipedia.org/wiki/The_DAO_(organization)
Re: The DAO close to $100m in funding. Soon to be the largest crowdfunding ever
#19My best guess is that this is the cryptocurrency version of brownie points.
Other than that this is the most information sparse webpage I've visited for a long time.
Re: The DAO close to $100m in funding. Soon to be the largest crowdfunding ever
#20So, kinda like a cooperative, but based on a cryptocurrency? I’m not sure I understand it, my buzzwordish is a bit rusty.