I see it more as a learning process, if a project can raise more than $15 M in less than 7 days, I think it’s worth taking notes. I’m not giving anyone investment advice here.
Are you serious? because right now it looks like everybody can invest in something, but they all want something of more value in return. I for instance invested in the SAFE Network, because I love the idea of an super secured internet, SAFEcoins are to launch my apps and keep my data safe.
These things take time, we can revisit this talk within 2 years.
As far as I understand it everybody’s Ether is on the address: 0xbb9bc244d798123fde783fcc1c72d3bb8c189413
That address only moves funds, based upon a proposal and a vote of all the “The DAO” token holders. If you would want your Ether back, it has to take a few steps (proposal/voting), with a coin, you can just sell the coin on a exchange and your done. Imagine if 100 people want to leave, would “The DAO” have to get 100 proposal/100 votes, way to labor intensive especially if the idea is to be profitable.
DAO-token holders make 2 votes, 1 for the proposal and a second if they think that it was a 51% attack. If you own 51% of something, will you try to destroy 49%? Although you make a good point, scam proposals could still steal money from the “The DAO”. To be honest scams could be minimized with milestones and transparent companies (faces & reputation). Although this sounds crazy, but in the future people who put up proposals (service providers) could also be demanded to put up their private property to make sure that they take a job serious. Who know’s real world lawyers will need to sign a crypto signature, to make a deal work or the service provider have to upload their real world passport viewable to the DAO token holders.
An advantage of a coin in this DAO set up, is that people can leave “The DAO” if it’s being abused.
PS “The DAO” is not investment advice, this is investment advice: Invest in n99, because if you invested in Maidsafecoin…