The DAO ending, does this mean there will be +12,000,000 ETH supply available effective immediately?
What effect this will have on the ETH price?
Posted Jun 17, 2016, 7:28 PM UTC
17
No. The supply is the same. No new coins are being created. They are just changing hands back to the people who originally invested them.
1
the supply existed but it was not available. Now, 100% of it will be.
1
Now, 100% of it will be.
For now.
Do you really think there won't be a TheDAO 2.0 with much better security and much better due diligence? Of course there will be.
This is not the end of the universe as many of the weak hands running around here today would have everybody believe.
2
I've invested in the first dao. I'll invest in the second
2
I'm actually surprised at the relative price stability. Shows a lot of people have faith in the community.
1
Agreed.
I believe we will see a significant recovery much faster than people anticipate. This is crypto, after all.
2
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