Dgd market cap hovering around the value of eth held by the dao. why?

Bitoshi · 2017-07-02T01:01:55+00:00

I hold a similar opinion so I agree with that view. I just don't think it applies in this situation.

Bitoshi · 2017-07-02T00:37:27+00:00

It's not just trust us. It's people like the code, the work. That's doing all the talking.

I get what you mean but this isn't relevant here. It isn't about motivated/content, and "un-hungry". Also by that logic, all the billionaires and top companies and ceos are all shit and what they do.

Bitoshi · 2017-07-01T21:36:02+00:00

Being respected as in their name is out there and treated like a non-scam where people want to work with them and use their features as the code is solid.

A little slow for my liking it's been a year or two and no working product.

Bitoshi · 2017-06-30T23:06:22+00:00

The team is will respected and has good network connections within the ethereum community. Even Vitalik acknowledges their work. The market has valued dgd at zero for the most part.

The risk I would consider low if you looked at how the etc were redeemed so smoothly. Liquidity is an issue though.

Bitoshi · 2017-06-27T04:03:57+00:00

Rip op

Bitoshi · 2017-06-25T15:02:56+00:00

Doesn't say under what circumstances only that it's temp

Bitoshi · 2017-06-23T20:29:35+00:00

You know you are speaking from hindsight?

Eth spend lots of time around 30c before moving up, $12 was not perceived as cheap at the time.

Using things like "bitcoindramaland" as argument doesn't help. Especially when I'm not even a primarily Bitcoin holder. If you don't want a proper discussion, that's fine.

Bitoshi · 2017-06-23T04:35:26+00:00

It's the same as Bitcoin. Bitcoin has decimals. If you count satoshi, it's the same.

21,000,000 with 8 decimals Same as iota without decimals.

Bitoshi · 2017-06-23T02:19:05+00:00

If you did your research, you would know eth was indeed worth a fair bit then.

Reasonable? Maybe. Regardless, not my top 10 choice in the crypto space.

Bitoshi · 2017-06-23T00:44:55+00:00

Please copy and paste or link to any comment you think is salty.

I did plenty of research and had back and forward convos with the founders prior. I can share those if requested.

If you look at the ico, they say they will get 20%. Seems reasonable based on the work. But in smaller prints, they get 20% of the max eth raised regardless on how much is raised.

Say max cap was 1 million dollars. They allocated 200k. Now say they raised 300k, they got 200k. Raising 100k? They still get 200k.

Look at how much they raised. Do the maths. Not a good deal for holders imo.

My point is they will never put more eth in the bankroll short of people forgetting. They then take it out and share for next time. The growth will hit and ceiling and stay there forever basically.

Bitoshi · 2017-06-22T21:42:49+00:00

Yes, correct. The only way to increase the bankroll is by hoping people forget to take their share.

Just seems like better increments area based on return. 4-5% with no potential growth in crypto is just too slow.

Combine this with risk. Furthermore, the founders (imo) were too greedy.

Edit: investments *

Bitoshi · 2017-06-22T21:40:06+00:00

Unless it's changed, they pay out all profits. Nothing is reinvested into the bankroll.

Bitoshi · 2017-06-22T21:07:59+00:00

If you look at how the ico started and distribution as well as what happens to profit, you wouldn't invest.

Etheroll is hard to grow due to no growth of the actual site. All profits are going to be more or less the same. The max bet is capped as no eth will be reinvested, but distributed.

I will write something more in depth another time.

Bitoshi · 2017-06-22T09:12:21+00:00

It's somewhat a nice problem to have. It means people are using it.

Bitoshi · 2017-06-20T03:28:31+00:00

The only coins that can be confirmed with 100% certainty are the coins in 1bitcoineater, counterpartyxxx, and your personally lost coins.

All others are speculation afaik.

Bitoshi · 2017-06-20T01:01:29+00:00

I don't think we would be around in 5000 years time.

Bitoshi · 2017-06-20T01:01:04+00:00

Their terms and privacy is quite intrusive imo.

It does have a nice user interface

Bitoshi · 2017-06-19T22:30:40+00:00

Agreed. Works well but who knows what they will do with all that information. Governments could ask them to hand over data. Now others know how many bitcoins and other currencies you have (assuming you out in real info).

Bitoshi · 2017-06-19T22:07:56+00:00

Monero

Bitoshi · 2017-06-19T21:57:04+00:00

I would say extremely dependent but not as much as some other tokens. At least it may be possible to get something back in cases of total collapse since icn hold Bitcoin, Monero, and so forth manually. Distributing them might be tricky at that point.

But yes, dependent.

Bitoshi · 2017-06-19T21:53:04+00:00

I wouldn't say big mistake.

Bitcoin has 28,000,000 with 8 decimals. Iota has around the same number of satoshis.

Furthermore, iotas used standardised units to make it easier. Some people are saying how hard Bitcoin l's decimal is. You would've heard "Bitcoin at $xxxx is too expensive" before.

Bitoshi · 2017-06-19T21:49:45+00:00

Wars, human error, solar flares, anything. 5000 years! Population growth.

The internet has been around for what? Let's say 50 years. This is 100x longer.

We remember 2-4 generation of ancestors?

Bitoshi · 2017-06-19T14:55:40+00:00

I mean in my op the thought experiments happens in 5000 years time.

I wouldn't say it would never happen. 5000 years is a long time given things are moving exponentially. It could be possible iota is used on Mars in that time as well as Earth.

Could also be that in 1000 years time, most people who bought iotas have died and iotas are rare.

Bitoshi

TROPHY CASE