/biz/ - Business & Finance

https://daotalk.org/t/on-governance-a-dxd-thread/1498/7
> we need to make sure only the workers have control
> but we need money
> no vc would fund us but we don't need investors that badly and you should contribute something (but not money!!!!!!) if you want to have a say

I guess since workers are known for being great business deal, giving your money to a bunch of workers to invest (in their groceries and rent) as they see fit is a great value proposition for DXD.

Lol wtf who the fuck thought this was gonna be a good coin?

If you look at the dxDao whitepaped, you'll see that the people who control it are the ones with reputation, which was given out a long time ago. They are the ones with the good decision-making I guess.

This is the whitepaper for your reference:
https://github.com/gnosis/dx-daostack/blob/master/dxdao_whitepaper_v1.pdf

DXD token was raised because even with all their great decision-making ability and coding skills, they couldn't make money.

And you have to *trust them* to disburse funds to DXD token holders. It is not automatic. They talk about how the DXD token sale is an incentive for them to release the funds to DXD token holders, because people would stop buying if they didn't release funds, but they could still refuse if they thought the amount they'd keep for themselves was better than the amount they'd get by continuing to sell DXD tokens.

AND ON TOP OF THAT, the vast majority of DXD tokens were minted for themselves. They couldn't even bring themselves to sell some stake in their cashflow without gobbling up that pie, too.

Who the fuck is the dumbfuck who thought biz should know about this?

Bump

I demand answers

If you shilled this shit, show yourself now you fuck

>>19637357
>AND ON TOP OF THAT, the vast majority of DXD tokens were minted for themselves. They couldn't even bring themselves to sell some stake in their cashflow without gobbling up that pie, too.
And this is particularly egregious imo

They eat 90% of the pie but sell a slice in the form of a token and then they also eat 90% of that slice

You think they're giving 10% of the dao's upside to outside investors then you realize that 1. they're giving themselves back 90% of that, so it's more like 1% of the dao's upside going to outside investors and 2. They're not actually obligated in any way to share that upside with you after you buy and have every incentive not to if they have a big success that makes additional token sales unnecessary.

Is there anyone here who thinks a token sale on future dao profits where 1% sold is a good deal and you're not entitled to receive that 1% if they decide later they don't want to share it?

People criticize link for keeping 30-35% of the tokens for the developers.

dxDao devs are keeping 99%.

If the LINK network is wildly successful, you get the full benefit of the tokens you buy, even if 35% goes to go devs.

If dxDao is wildly successful, they can decide they don't need to sell tokens anymore and never pay out.

Bump

Don't slide this shit motherfuckers

Shit, just offloaded my stack. Didn't even notice the price dip.
Welp.

>>19637589
no wonder this shit is dumping what a fucking scam.

>>19637942
>>19637879
I was so excited for this too

I thought I found a fucking gem when I heard 2% of DMG would be given to dxDao. I thought that would be easily worth $20m if DMG went to $1b.

So I tried to figure out how much of that 2% DMG would be captured by DXD token holders.

Turns out the whole fucking thing is bullshit.

>>19637121
OWNERS ARE KIKES WHAT DID YOU EXPECT

CLEMENT LESERGE IS A FRENCH KIKE

>>19637357
>AND ON TOP OF THAT, the vast majority of DXD tokens were minted for themselves.
Technically inaccurate, a flat sum of 100k DXD was minted for themselves. If people buy over 100k DXD (27k so far I believe), it won't be a vast majority.

>They eat 90% of the pie but sell a slice in the form of a token and then they also eat 90% of that slice
Again, they never "eat 90% of the pie", 90% of income they make goes back into the DAO, so into the pool that distributed funds to pay for new developments or maintain the system. The remaining 10% got straight into DXD to increase the contract sell price. Theoretically the sell price will eventually rise over the buy price which will naturally move it upwards.

But yes I agree it's a total scam.

>>19637121
>>19637357
>>19637482
>>19637589
>>19637706
>>19637706
>>19637852
>>19638066
>8 posts by this ID

>>19637706
It seems like you don't understand how a DAO is supposed to work

>>19638387
99% of 4chan don't know what the acronym stands for
99.9% don't know what it actually means

>>19637357
>And you have to *trust them* to disburse funds to DXD token holders. It is not automatic.
Where are you getting this from? All of the services which generate revenue (and thereby increase the share available to DXD holders) are implemented as smart contracts. Fee collection and distribution to the DAO Treasury can absolutely happen automatically.

>>19638387
I get the idea of the dao

The token though is lol

I'd say good luck to the dao workers but fuck them for offering such a dumb scam

IT'S OVER LADS

>>19638450
What are you complaining about exactly? ALL revenue goes straight to the DAO, and 10% of that revenue is used to purchase from the bonding curve then burnt which raises the buy and sell price. As for REP distribution, there were no investors so to speak a year ago, so the current distribution makes sense. The team has been discussing how to allow DXD holders to earn REP, potentially via staking

can't believe this shitty fud worked

>>19638482
happy this is failing

we should all celebrate when subhuman communists fail

>>19638482
It's already low enough, no need to lie kike

>>19638440
>Where are you getting this from?

"That’s the power of using a continuous fundraise rather than a once off. Unlike ICOs, the voting members in DXDao are incentivized to make good on their commitments (10% of revenue to curve) since doing so increases demand for new DXD purchases from the curve. In game theory, it changes the dev-investor dynamic from a single game to a series of games where trust can be built over time."

https://daotalk.org/t/on-governance-a-dxd-thread/1498/7

>>19638549
lmao he's not lying mate. but liquidity is so low it only took about 2.5 eth to get down there.

>>19638613
https://loopring.io/trade/DXD-ETH
Yes totally not lying

>>19638620
https://www.coingecko.com/en/coins/dxdao

>>19637357
>DXD token was raised because even with all their great decision-making ability and coding skills, they couldn't make money.
You need money to make money, anon. Do you also feel this way about fundraising rounds for SaaS companies? Or ICOs in crypto? No one is working on this full time, they need support for web design, marketing, engineering, support, etc, etc. Things that cost money.

>>19638613
>>19638482
>Buy ICO
>doesn't wait for the devs to actually use the money to build what they said and see if it works
>Augur replacement to be launched within the next month
>Sells the bottom with an assload of slippage

>>19638636
Am I talking to an actual simpleton? Where do you think people buy and sell coins?

>>19637121
Same shit happening over there at DFOhub. Although I think Dxdao is worst. DFOhub devs only release 2mil of the 42 mil tokens. Devs control the majority of tokens and sell on Uniswap every 2 weeks. Majority of token holders is the devs. You idiots don’t own shit and your vote on whatever shit github remake their trying to make amounts to nothing when the devs control supply. Oooh my decentralized...my high iq. They own the protocol not you.

>>19638636
And even your coingecko link gives the correct value, not what >>19638482 posted

Imagine falling for this baseless fud. Hey OP, I'm here if you want to keep trying

>>19638696
Most buying is not happening on loopring you faggot
>>19638694
Agreed, even if you thought you're talking about me. This fud is beyond retarded, but I can't help but admire how the fudder rekt some poorfags

>>19638758
waiting on more fud as well. was able to scoop up a couple more during that drop

>>19638729
Are you dense? It's just corrected. I said the fella wasn't lying cuz he wasn't. Prices on uniswap went into the toilet for about 20 mins due to OP's patently false fud

>>19638726
>Devs control the majority of tokens and sell on Uniswap every 2 weeks.
This is pajeet-tier fud, debunked by anyone that can read the dxdao faq

>>19638814
Stfu dumb fuck. I wasn’t talking about your gnosis scam.

>>19638794
He was clearly trying to spread misinformation, the price dipped but recovered quickly, it's old news.

This is the most bullish thread ive read in a long time, where to buy this shit?

Should i sell with a loss?

>>19638871
Most definitely, but please make sure to sell on https://dxdao.eth.link/ for best deal

>>19638871
If you have to ask, yes

thanks for the cheap coins chaps
see you at 1 eth per dxd

>>19638972
large bag holder detected, I hope you get halfies!

>>19639101
yes

Wow, this is quite shocking.
The revelation that DXdao are operating as a completely decentralized autonomous organization is highly concerning, implying that DXdao itself may potentially be an illegal scam.
This news has generated fear, uncertainty and doubt in my DXdao (ticker: DXD) investment.
Therefore I will now sell all my DXD tokens at the market price. Thank you again for looking out for us.

>>19638066
>>19637852
>>19637820
>>19637706
>>19637589
>>19637482
>>19637357
THEN SELL FAGGOT! WHY ARE YOU GETTING SO EMOTIONALLY TURNED ON BY THIS. LIKE DAMN CRAKKER.

>>19639579
putting sell orders as we speak. got over 100 off those. selling at lose i dont care

>>19639362
>The revelation that DXdao are operating as a completely decentralized autonomous organization is highly concerning

lol this thread really got someone to dump all the way to 0.1 ty for the free dxd

oh it will dump more there is telegram with a lot of whales discussing and reading what dxdao guys are talking about and they are not liking the whole "people with money can't decide" thing

what i learned from this thread
>dxdao devs control tokens and $$$
>dxdao is centralized
>neets got scammed again.
Never change /biz/, just stay in link and stop chasing false promises. Sergey is /ourguy/

>>19640066
https://etherscan.io/address/0xb3d41828b88adecb634eb9c038f40ac5940c4024#tokentxns
It got someone to dump who also dumped 20k RPL for a loss. Absolutely hilarious how effective some high quality fud can be on this board. Dude threw away nearly 26 eth

>>19640404
lmao