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DAO predictions (self.Buttcoin)

Purplekeyboard が 投稿

I predict that not a single DAO proposal will ever make any money. It's inevitable that they will greenlight something and give someone their money. That person or group will lose the money or steal it.

I think the only chance they have of any proposal making any money would be some sort of online casino. That online casino will appear to make a profit, until it is hacked or "hacked", at which point it will lose everything.

After it becomes obvious the DAO is a clusterfuck, everyone will pull all their money out, to whatever extent they can. Except this collapse may well take "ether" with it, which will leave everyone getting pennies on the dollar for their investments.

Anyone have a different prediction for how this turns out?

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[–]Walder_Hodlor 0ポイント1ポイント  (0子コメント)

My prediction is that if some proposal succeeds it will likely have to involve bo0Bs or gambling. Is there anything built into the fancy code that would preclude an illegal activity? If so, what jurisdiction are they using for their base reference, etc? So many truck sized holes in this idiocy.

[–]durian_nakatomato 0ポイント1ポイント  (0子コメント)

There's so much low hanging fruit here that it's difficult to know where to begin lambasting the DÁÖ. I'd like to zoom in to one assumption that this car crash makes: that the wisdom of crowds is appropriate for picking startup ideas and allocating funds.

This seems obviously flawed to me. Startup investing is actually very hard and there's a long tail of angels/VCs who make a net loss on their investments. Only the top few are successful.

Even if you were to crowdsource investment decisions from the entire pool of existing startup investors it would likely fail. In this case the crowd is cryptocurrency enthusiasts. I rest my case.