Actually it is really good that this crisis happened to The DAO on early level of its development and with low market cap.
Imagine if this scenario erupted in the future and hacker instead of millions could grab billions...
Now I guess we could be happy that bitcoin's development process is rather slow and conservative.
Topic: [2016-06-22] What Ethereum's DAO Disaster Means for Bitcoin Development (Read 359 times)
June 22, 2016, 10:43:25 AM
June 22, 2016, 10:23:08 AM
Up until the point when The DAO collapsed, it was a symbol of the explosion of innovation that the ethereum blockchain had enabled.
While the consumer-facing apps built on the bitcoin blockchain have been largely limited to various wallets, exchanges and casinos, at the time of The DAO's collapse, more than 50 projects were awaiting votes on their request to fund ideas as diverse as a new way to lease cars and entirely new forms of governance. But, these efforts are now stalled, and the $60m worth of ether destined to be invested these ethereum projects is, as of now, lost in limbo.
Amid the crisis, some of bitcoin’s best-known computer scientists are using the incident to point to bitcoin’s slow growth as its greatest asset.
They argue that while bitcoin’s simplistic machine language takes much longer to write with than ethereum’s Turing-complete coding language, Solidity, it is also less prone to mistakes.
http://www.coindesk.com/the-dao-bitcoin-development/
While the consumer-facing apps built on the bitcoin blockchain have been largely limited to various wallets, exchanges and casinos, at the time of The DAO's collapse, more than 50 projects were awaiting votes on their request to fund ideas as diverse as a new way to lease cars and entirely new forms of governance. But, these efforts are now stalled, and the $60m worth of ether destined to be invested these ethereum projects is, as of now, lost in limbo.
Amid the crisis, some of bitcoin’s best-known computer scientists are using the incident to point to bitcoin’s slow growth as its greatest asset.
They argue that while bitcoin’s simplistic machine language takes much longer to write with than ethereum’s Turing-complete coding language, Solidity, it is also less prone to mistakes.
http://www.coindesk.com/the-dao-bitcoin-development/
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