THEDAO's primary use will be as arbitrage between BTC, ETH, Fiat, etc.
Reply to @dan’s post “Is The DAO going to be DOA?”
And
to @nattaggart's post “The DAO will not be DOA, but that doesn’t make it a good investment”
dan's post
nattaggart's post
THEDAO's primary use will be as arbitrage between BTC, ETH, Fiat, etc.
I won't go into details but anyone with rudimentary knowledge of cryptocurrencies can make sense of why the 2 facts shown below will make THEDAO a good arbitrage between BTC, ETH, Fiat, etc.
@dan wrote:
So what happens next? Everyone seeking a zero risk return will abstain from voting. If greater than 80% fall in this category, then nothing will pass.
Will there be any proposals in the first place? To prevent proposal spam all new proposals must make a deposit that gets forfeited if a quorum (20%) is not reached.
@nattaggart wrote:
As it stands, the top 10 stake-holders own around 20% of The DAO Tokens. Assuming these members are actually interested in voting, quorum will be possible.
Also BTC, ETH have the 2 biggest marketcap and THEDAO might very end up being 3rd very soon.
I have invested in DAO, I will be voting. I did not go into DAO for a quick buck, it's a long term investment. My guess, I am not the only one.
I am invested in The DAO as well. The "experienced" do not realized the 160 Million reasons for us to participate in voting, and all things included. We have real money in the DAO, and are very informed about our investment. We are in it for the long term, and all future DAO proposals. So, an "experienced" opinion has zero weight with me.