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I don't understand how people can cash out if the ETH are stilled locked in the DAO's tokens. They can sell the tokens, but no one is receiving any ETH. Once t
by reddytowns 10y ago
I don't understand how people can cash out if the ETH are stilled locked in the DAO's tokens. They can sell the tokens, but no one is receiving any ETH.
Once they start spending money on proposals, I could imagine more ETH getting into the market, but this would happen slowly, since proposals pay out over time.
There is some talk that a single shareholder could, theoretically split his portion of the unspent pool of ETH into a new DAO, which he has full control over and could then sell, but such a process would be complex (he'd have to split it, then form a proposal and vote on that proposal to send the money to an address he controls, all through a command line interface, interfacing with the Dao contract directly. Not impossible, but over most people's heads).
Instead, I'd think they'd rather than just sell their DAO tokens on the open market for ETH, BTC, or whatever else. If they sell it for ETH, they'd be effectively putting even more buy pressure on ETH, which may increase the ETH price even further.
Here is more information on how The Dao can be split in order to get ETH funds out:
https://forum.daohub.org/t/how-do-we-get-our-eth-back-from-dao-tokens/749/8 https://forum.daohub.org/t/how-do-we-get-our-eth-back-from-d...