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http://www.coindesk.com/the-dao-is-closing-down/
>Following at attack earlier today that resulted in the siphoning of over $60m worth of ether from The DAO into a new DAO set up by an unknown individual or entity, the company that wrote the original code is now saying the "experiment" is over.
>Tual said:
>"The DAO is definitely going to close. The money moved to a child DAO is going to be put back into the contract, and it [will] only have one function, withdraw."
>Further, it could be as long as 27 days before investors are returned any funds
It's over.
C'est fini
E finita
Est is aus
Se acabó
Bitti
終わりました
结束了
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How much will be paid for each DAO?
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Eth is dead too
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>>1318619
I think you get back whatever you put into it
>>
if this happens, then they'll just give Eth back into your wallet, right? so i guess i'll have some Eth to hold instead of holding DAO. too bad i got in at 120-150=1, i would imagine it won't be returned at the same ratio, but instead 100=1.
win some, lose some.
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>>1318632
yeah, but too bad ETH also took a huge fall
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>>1318632
>lose some
indeed
i'm still a virgin tho cause never touched eth, yet to lose any game
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>>1318632
I think so, but think about it this way
100 DAO tokens cost .0098 BTC
1 ETH costs .016 BTC
I wonder if I can just buy DAO tokens and "burn" them at that rate so I can make mad money
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>>1318601
Fantastic. Will /biz/ start talking about how to actually make money instead of get rich quick schemes now?
>>
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>>1318631
No way, ETH is already down, I took back whatever was there in my wallet and sold it on poloniex, even if you get back, the ETH price should be the same to cover your losses. By the time split happens, ETH will be in few cents. Say goodbye to ETH already.
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>>1318650
I meant ETH/DAO, not BTC/DAO or USD/DAO
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>>1318652
is there somewhere i can read about how to burn DAO?
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>>1318601
>The money moved to a child DAO is going to be put back into the contract, and it [will] only have one function, withdraw."
if they can do this then rip dao truly
maybe this will be a wakeup call for the faggots that live in pipe dreams
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>>1318657
https://github.com/slockit/DAO/wiki/How-to-split-the-DAO
i'm loading up on DAO because of this
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>>1318662
I was thinking this myself, seems like an easy way to double your money very quickly. I saw dao as low as 5¢. If I can burn at 10¢, I'm walking on sunshine .
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>>1318662
Great idea, made public a potential exploit so the intended targets can view and protect themselves. I love these altruism acts.
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