What is going to happen to ETH price after first price hike for DAO?
https://daohub.org/index.html
I'm not sure I want to invest in DAO, which seems like a quick way to increase your ETH value (+50% in 10 days).
I guess everyone that wanted to invest in DAO did that with 1.0 price rate and There will be none, or a close to 0 DAO investments in the next days. And even if someone will be buying DAO, he would do that in the exchange for better price.
The first wave of new DAO investors will arrive with first dividends from successfully kickstarted projects. Which would be at least a couple of months or even years from now.
I'm don't think I'm interested in such a long time investment.
Your opinions?
I may be a little biased as I did some needed volunteer work prior to the launch of The DAO and got to know some of the core team.
These guys are for real - Slock.it. I have no doubt they have the best intentions to grow Ethereum and IMHO The DAO or something similar is required to take it to the next level. The Slock.It team is small but they're all very talented and know what they're doing.
Whether or not it'll work is another question but I was pretty confident from my interactions with them and bought in shortly after launch, well before the DAO was at even 600K. When I bought in I had no idea it would become the most successfully funded kickstarter of all time so for me this is really exciting to see it hit $120 Million worth and growing.
There's a lot of naysayers complaining how The DAO will fail but nothing's really be done like this before. After the 28th it'll be up to us token holders to come to consensus on which projects will have the best chance of succeeding so having a lot of funds to work with is crucial to try many new things.
There's still the issue of governance, laws, and legal contracts that tie the blockchain to the physical world. I think these issues could end up being a bigger challenge than hiring devs to work on new DAPPS but that's the benefit of having so many investors as collectively we'll have to figure this out. There's global expertise invested in it to help it succeed. This isn't your typical VC.
A good blog was written about the challenges that lie ahead which I recommend anyone who is interested in Slock.it's - The DAO give a read:
https://medium.com/@colony/the-dao-how-to-not-fuck-it-up-5d57f354d0e7#.ejadxg3xz
Anyways I never give investment advice so I won't recommend anyone buy in until they've done their homework but even if The DAO fails it will be a historic event. This is essentially a giant social experiment where no one really knows what'll happen or how it'll succeed but there's no shortage of ideas or opportunity to work with.
That's part of the fun though, and being able to vote for ideas you think will succeed or even coming up with your own proposals to seek funding is exciting.
I think this is why already it's successful from a funding standpoint. People are interested in trying something new, something fresh as there's too many middle men on the planet, too many hands taking pieces along the way, too much corruption in the existing structures, poor security, fraud abuse etc. This is where a Ethereum and contracts make sense and the DAO framework was created to kickstart it all.
Fun times ahead!