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RE: Is The DAO going to be DOA?

in #crypto-news8 years ago (edited)

To be honest, even DAO finally resulted in the same voter problem as BTS, I don't believe average DAO investors care. They care the investment return only, and they can cash in when DAO rises in price.

BTW, one reason why DAO is so successful in raising fund is because the success of ETH's ICO. People earning high return from ETH's ICO believe that they can earn more with DAO investment. ETH miners also benefits (even now) with the high price of ETH. Most of the investors are not really 100% sure about the so-called technology advances of slock.it (some may just daydream on the buzz word IoT). I believe these investors are right as DAO will rise high when the trading starts in my opinion.

BTS actually rise quite high in price when BTS1 first launched and started trading. But as time goes by, shareholders of BTS got punished as price went down. No miners can get involved. Only delegates got rewarded, and most of them doing nothing useful to BTS. (Another idealistic assumption on assuming delegates can use their reward to fund BTS projects, another failure assumption in my opinion.)

Miners are not harmful in my opinion (see ETH price, see farmable SJCX price, see DCR price). They helped you promote your coins/tokens. They help you spread the mouth of words. BTS2 supports trading natively. It should be the perfect platform for trading mined coins/tokens. Why so stubborn on DPOS? I believe bytemaster realize this stubborn is a bit too much (see STEEM is slightly mineable, but still not enough in my opinion).

Allow BTS to mine , allow STEEM to mine more (not just 1 witness) is at least one good way to promote BTS/STEEM.

I am long-time holder of BTS (I admire the technological advances, but burnt by the price down). I still believe in BTS. Just cannot tolerate to see it got abandon.

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Hello Dan,

This is a great article, well articulated, and completely on point. I currently am working with Bitland, Openledger, and Synereo, and talking to the developers on those platforms, we all shared the same concerns that you have expressed in this article. As Openledger is built on the Bitshares platform, I have been working closely with Ronny Boesing to establish a new approach to decentralized organizations called the "Decentralized Conglomerate", which is not the same as a DAO, but will have similar technology powering it. We will be putting out a white paper very soon that will discern between a DC and a DAO, and why the DAO may have theoretical downfalls that may be too difficult to overcome without a new approach.

If you want to get in contact, please e-mail me at [email protected].

Cheers!

Chris Bates
C.S.O. Bitland Global
www.bitland.world

You didn't reply to Dan.

lol, whoops! Thanks :)

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