RE: "The DAO" now holds 12% of Ether supply, approaches $100M value, and is still rapidly growing. Is it too big? by chris4210

View this thread on: hive.blog | peakd.com | ecency.com

Viewing a response to: @pfunk/the-dao-now-holds-12-of-ether-supply-approaches-100m-value-and-is-still-rapidly

ethereum · @chris4210 · May 14 '16

I think "the DAO" will face similar challenges as BitShares DAC did. 9,6 Mio soled Ether means probably hundred thousands of individual voters  who have to decide how to best use these funds. The voting activity probably will be still around 30% as in any major election. It will be a very interesting experience for a new type of direct governance and decision finding. It is also very good for Slock.it giving them enough funds to develop their products without additional VC money. 

Does "the DAO" pays out dividends or do investors only gain through value raise?

👍 pfunk, code, nikolai

`author`	chris4210
`permlink`	re-pfunk-the-dao-now-holds-12-of-ether-supply-approaches-100m-value-and-is-still-rapidly-20160514t112043669z
`category`	ethereum
`json_metadata`	{}
`created`	2016-05-14 11:20:42
`last_update`	2016-05-14 11:20:42
`depth`	1
`children`	7
`last_payout`	2016-08-08 09:28:06
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 HBD
`curator_payout_value`	0.000 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	567
`author_reputation`	40,042,535,242,490
`root_title`	""The DAO" now holds 12% of Ether supply, approaches $100M value, and is still rapidly growing. Is it too big?"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	6,162
`net_rshares`	46,743,747,192
`author_curate_reward`	""

properties (23)vote details (3)

voter	rshares	pct
pfunk	41,239,237,114	100%
code	4,890,860,971	100%
nikolai	613,649,107	100%

@xeroc · May 14 '16

The DAO token is similar to a FEE BACKED ASSET in BitShares, just that the "fees" generated are from those companies that received funding from "the DAO". How much the companies (like slockit) receive and how much they share their profits with "theDAO" has to be aggreed upon by DAO holders. I heard of 5% of slockits profits to be payed back to DAO holders. Don't know how that works out though. If this happens by means of the ETH token, then you better just stayed in ETH :)

👍 pfunk, mf-tzo

`author`	xeroc
`permlink`	re-chris4210-re-pfunk-the-dao-now-holds-12-of-ether-supply-approaches-100m-value-and-is-still-rapidly-20160514t112043669z-20160514t112647892z
`category`	ethereum
`json_metadata`	{}
`created`	2016-05-14 11:26:48
`last_update`	2016-05-14 11:26:48
`depth`	2
`children`	6
`last_payout`	2016-08-08 09:28:06
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 HBD
`curator_payout_value`	0.000 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	477
`author_reputation`	118,819,064,085,695
`root_title`	""The DAO" now holds 12% of Ether supply, approaches $100M value, and is still rapidly growing. Is it too big?"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	6,165
`net_rshares`	40,868,651,609
`author_curate_reward`	""

properties (23)vote details (2)

voter	weight	wgt%	rshares	pct	time
pfunk	0 B		40,380,086,341	100%
mf-tzo	0 B		488,565,268	100%

@chris4210 · May 14 '16

Ok, that is interesting. So Slock.it just shares 5% of their total profits with "The DAO". Is "The DAO" a legal shareholder of Slock.it with 5% equity? How much money is Slock.it proposal asking for?

Are the paybacks another smart contract?

At the end, a DAO investment can take several years to really pay back any dividends.  Quite an investment...

It would be too funny if THE DAO loses a big chunk of their evaluation with an ETH price drop. Wouldn´t be the first time for ETH to lose money through such a deal. The DAO has no option to hedge themselves against an ETH price drop.

properties (22)

`author`	chris4210
`permlink`	re-xeroc-re-chris4210-re-pfunk-the-dao-now-holds-12-of-ether-supply-approaches-100m-value-and-is-still-rapidly-20160514t112043669z-20160514t112647892z-20160514t191128747z
`category`	ethereum
`json_metadata`	{}
`created`	2016-05-14 19:11:24
`last_update`	2016-05-14 19:11:24
`depth`	3
`children`	2
`last_payout`	2016-08-08 09:28:06
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 HBD
`curator_payout_value`	0.000 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	587
`author_reputation`	40,042,535,242,490
`root_title`	""The DAO" now holds 12% of Ether supply, approaches $100M value, and is still rapidly growing. Is it too big?"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	6,322
`net_rshares`	0

@dantheman · May 15 '16

It can enter a contract for difference assuming it can find millions of dollars of eth investors willing to leverage up.

👍 nikolai

`author`	dantheman
`permlink`	re-chris4210-re-xeroc-re-chris4210-re-pfunk-the-dao-now-holds-12-of-ether-supply-approaches-100m-value-and-is-still-rapidly-20160514t112043669z-20160514t112647892z-20160514t191128747z-20160515t130238937z
`category`	ethereum
`json_metadata`	{}
`created`	2016-05-15 13:02:39
`last_update`	2016-05-15 13:02:39
`depth`	4
`children`	0
`last_payout`	2016-08-08 09:28:06
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 HBD
`curator_payout_value`	0.000 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	120
`author_reputation`	240,292,002,602,347
`root_title`	""The DAO" now holds 12% of Ether supply, approaches $100M value, and is still rapidly growing. Is it too big?"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	6,495
`net_rshares`	613,649,107
`author_curate_reward`	""

properties (23)vote details (1)

voter	weight	wgt%	rshares	pct	time
nikolai	0 B		613,649,107	100%

@xeroc · May 15 '16

[Is the DAO unable to fund big projects?](https://steemit.com/ethereum/@xeroc/is-the-dao-unable-to-fund-projects)

properties (22)

`author`	xeroc
`permlink`	re-chris4210-re-xeroc-re-chris4210-re-pfunk-the-dao-now-holds-12-of-ether-supply-approaches-100m-value-and-is-still-rapidly-20160514t112043669z-20160514t112647892z-20160514t191128747z-20160515t142207844z
`category`	ethereum
`json_metadata`	{}
`created`	2016-05-15 14:22:06
`last_update`	2016-05-15 14:22:06
`depth`	4
`children`	0
`last_payout`	2016-08-08 09:28:06
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 HBD
`curator_payout_value`	0.000 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	113
`author_reputation`	118,819,064,085,695
`root_title`	""The DAO" now holds 12% of Ether supply, approaches $100M value, and is still rapidly growing. Is it too big?"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	6,536
`net_rshares`	0

@mf-tzo · May 14 '16

$34.92

What will happen to ether price once the DAO decide to start cash out in usd? I think that buying the DAO and shorting ETH doesn't sound a bad idea..

👍 dantheman, caesar

`author`	mf-tzo
`permlink`	re-xeroc-re-chris4210-re-pfunk-the-dao-now-holds-12-of-ether-supply-approaches-100m-value-and-is-still-rapidly-20160514t112043669z-20160514t112647892z-20160514t185649588z
`category`	ethereum
`json_metadata`	{}
`created`	2016-05-14 18:56:48
`last_update`	2016-05-14 18:56:48
`depth`	3
`children`	0
`last_payout`	2016-08-08 09:28:06
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	17.458 HBD
`curator_payout_value`	17.458 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	149
`author_reputation`	12,229,969,580,439
`root_title`	""The DAO" now holds 12% of Ether supply, approaches $100M value, and is still rapidly growing. Is it too big?"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	6,319
`net_rshares`	19,002,848,965,195
`author_curate_reward`	""

properties (23)vote details (2)

voter	weight	wgt%	rshares	pct	time
dantheman	0 B		18,998,056,231,923	100%
caesar	0 B		4,792,733,272	100%

@valtr · May 15 '16

Is there a difference a difference betwen DAO and BitShares fee backed asset? I can not understand why DAO got so much funds.

properties (22)

`author`	valtr
`permlink`	re-xeroc-re-chris4210-re-pfunk-the-dao-now-holds-12-of-ether-supply-approaches-100m-value-and-is-still-rapidly-20160514t112043669z-20160514t112647892z-20160515t142607572z
`category`	ethereum
`json_metadata`	{}
`created`	2016-05-15 14:26:09
`last_update`	2016-05-15 14:26:09
`depth`	3
`children`	1
`last_payout`	2016-08-08 09:28:06
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 HBD
`curator_payout_value`	0.000 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	125
`author_reputation`	9,631,183,077,467
`root_title`	""The DAO" now holds 12% of Ether supply, approaches $100M value, and is still rapidly growing. Is it too big?"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	6,538
`net_rshares`	0

@xeroc · May 15 '16

Re:

As far as I understand, "the DAO" is a VC firm that could potentially
invest in several "companies" while a Fee Backed asset is an
"investment" in a particular feature on the BitShares chain.

That said, "the DAO" is potentially more flexible than FBA from the
investors perspective while FBAs are more customized/specialized.

properties (22)