Thousands of people have pumped $150 million into what might be the biggest crowdfunded project in history, something called the Decentralized Autonomous Organization (DAO).Compare this to the $20 million raised by the project with the most funds on Kickstarter, the Pebble Time smartwatch.The strange thing about this crowdfunding is that the DAO doesn’t produce any concrete products or services–not yet, anyway.The DAO’s big promise is that it’s an entirely new way to manage and allocate capital.More specifically, it’s capital allocation without a fund manager.Think of it as venture-capital firm Andreessen Horowitz, but with Marc Andreessen and Ben Horowitz replaced by the wisdom of the crowd.That crowd consists of about 11,000 anonymous stakeholders who can vote directly on any major decision to spend the organization’s funds.Companies or individuals who want to tap the funds must submit a proposal.These proposals are published online, and stakeholders ultimately vote on whether to adopt them, allocating a slice of the $150 million, or not.

Stakeholders then stand to gain from the profits generated by these proposals, whether in the form of dividends or an increase in value of their tokens.“This is an incredible evolution over the Kickstarter model,” says Stephan Tual, the chief executive of Slockit, a company with a proposal on the table for funding from the DAO.Tual’s company has played a pivotal role in getting the DAO going.Its chief technology officer wrote the code that animates the DAO, and the Slockit proposal is just one of two currently published on the site.Tual says there are at least a dozen more proposals in the works, bandied about on the DAO website’s forums, but it’s taking time to get them published (“it’s like herding cats,” he says).Slockit itself has no power over the funds collected so far—no one individual or entity controls the DAO or profits more from it than other stakeholders.This radical experiment in disintermediation has won favor among Silicon Valley’s technorati.Here’s an Andreessen Horowitz partner’s take on it: Think of each cryptocurrency as a startup.

The DAO is Ethereum's way of making sure a sizable chunk of the cap table is devoted to R&D.— Chris Dixon (@cdixon) May 20, 2016 There’s another major factor at work here.The DAO is funded entirely with Ether, the cryptocurrency that’s rivalling bitcoin and exploding in value.That is to say, users need to convert dollars or bitcoins or other currencies to Ether, which they then use to invest in the DAO.Ether was trading at about $0.90 in December, but is now changing hands at nearly $15, or a 15-fold increase in six months.In fact, the DAO has proved so popular among holders of Ether, that the DAO now accounts for almost 14% of the value of all Ether in circulation.Ether, and the protocol it’s built on, called Ethereum, is an essential part of the DAO project.It allows developers to write smart contracts, self-executing agreements that don’t require human intervention, thus enabling ideas like an organization that manages itself.The DAO is essentially a complicated smart contract, with hard-coded rules on voting and governance.

But the same free-market beliefs that birthed the DAO could also stifle it.That’s because DAO stakeholders received tokens in exchange for their Ether at a fixed rate when they bought in.comprar ps4 bitcoinThe price of Ether has nearly doubled since DAO tokens first became available on Apr.trusted bitcoin wallet in india30, in large part because of the hype generated by the DAO itself.bitcoin magazine couponToken holders now have a large incentive to swap their tokens out and get Ether back, which can then be sold for US dollars or bitcoins.bitcoin ticker windows 7Token-holders can’t sell out now, because the DAO smart contract says tokens are locked up during this subscription period.bitcoin infiniti poker

But the lock-up period ends in seven days.That’s when we’ll see a drop in Ether’s stratospheric price rise.“As soon as people are able to transfer out of DAO tokens, the Ether price will drop temporarily,” says Joseph Lee, who runs London-based bitcoin trading platform Magnr.bitcoin wallet for osx“People would want to cash out.The price has been rising rapidly.” A drop in the Ether price would leave a dent in the value of the DAO’s funds.But for true believers in the decentralized ways of the DAO, it’s a small price to pay for a future without middle-men.“The amounts raised now are making people think this is no longer a toy,” says Slockit’s Tual.“This is going to make a very big difference.It’s paving the way for a billion-dollar project.” Read this next: Coinbase will start trading bitcoin rival ethereum on its cryptocurrency exchangeChoose how much bitcoin you want to spend then submit your Ether address Myetherwallet supports Ethereum, Ethereum Classic, and all ERC20 Digital App Tokens You can buy Ethereum Crowdsales directly with MyEtherWallet and store all your tokens there!

If you don’t have any bitcoin, scroll down to buy ethereum with a bank account, debit card, credit card, or cash!Can’t load widget For an ETH or ETC Address use a Multi-Currency wallet like Jaxx.io  Exodus  Coinomi If you want the Official ETH wallet download and sync:  Mist Wallet The mist wallet needs to download the entire ethereum blockchain which might take a few weeks You can’t buy Ether directly with cash, yet. to convert the bitcoin to ethereum.Set an order for how much cash you want to spend on Ether then once you have BTC it will only take a few minutes to trade for ETH.Here are a few places you can buy btc with cash: Pick a mobile wallet to receive your bitcoin with, then you can send it to changelly for ethereum. –  Find cash for bitcoin deals, service worldwide.Peer 2 Peer Bitcoin Marketplace  has four Ethereum trade markets ETCBTC, ETCUSD, ETHBTC, ETHUSD.Bitfinex is offer service worldwide who wants to buy ether with a wire transfer.

This is also the only place to margin trade ethereum classic and they offer up to 3.33x leverage.NOTE:  Bitfinex is currently having issues with U.S.banks blocking their transfers.US Residents who want to buy Ethereum via bank transfer should use Coinbase.Special offer:  Buy $100 or more worth of Ethereum at Coinbase, get $10 in Bitcoin for free! has added Ethereum to their retail platform.You can now use Coinbase to buy ETH directly with your bank account, debit or credit card. to trade Ether against BTC or USD.Coinbase DOES NOT offer Ethereum Classic.Cex.io offers easy ways for users to buy ethereum with a credit card, debit card, bitcoins or a bank transfer.Like most digital asset exchanges you will need to verify your identity before you can buy ether with a CC.Cex has been around for years as one of the most popular places to buy bitcoins with a debit or credit card, now you can buy Ether too.Ethereum is quickly becoming one of most recognized crypto-currency projects and is gaining main stream attention by large companies who seek reliable decentralized ledger services.

The Ethereum network is a develop playground.Anything you can think of you can code and load onto Ethereum and it will be available for anyone to use world wide.Is ethereum the next Bitcoin 2.0?Ethereum Classic is the original Ether that was created in 2014.In June of 2016 an Ethereum contract known as  ‘The DAO‘ executed some poorly reviewed code that sent investors money to an unknown users Ethereum address.In an attempt to cover their own financial losses, the Ethereum foundation decided to hard fork the coin to return all of the lost Ether.The hard fork took place on July 20th, 2016.This didn’t sit well with the Ethereum community because the purpose of decentralized blockchains is to have immutable ledgers that no central authority can disrupt.By hard forking the coin, The Ethereum foundation proved that they don’t care about the fundamentals of what Ethereum was supposed to be, so the community split and many refuse to support the Ethereum foundation since trust has been broken.