The two thefts did not emanate from the blockchain, the issue is not general but personal.
The parties affected are to make necessary adjustments on their mode of operation.
Topic: [2016-08-12]Bitcoin Or Ethereum, Which Blockchain Is Right For Your Startup? (Read 411 times)
August 14, 2016, 11:41:59 AM
August 12, 2016, 12:52:56 PM
The past couple months have been quite the roller coaster in the world of public blockchains. $125 million has been stolen and the communities of Bitcoin and Ethereum have been scrambling to pick up the pieces.
First there was the $50m Ether heist from The DAO, a company which had raised over $150 million based on the premise that its management was a distributed autonomous organization. Now the Bitcoin community is faced with a $75 million loss from what was the largest exchange, Bitfinex. The thefts are roughly the same size, but there have been two completely different reactions from their respective communities. Understanding these reactions are very important when thinking how to leverage one of these blockchains.
http://www.forbes.com/sites/jonathanchester/2016/08/12/bitcoin-or-ethereum-which-blockchain-is-right-for-your-startup/#2122259c5bc8
First there was the $50m Ether heist from The DAO, a company which had raised over $150 million based on the premise that its management was a distributed autonomous organization. Now the Bitcoin community is faced with a $75 million loss from what was the largest exchange, Bitfinex. The thefts are roughly the same size, but there have been two completely different reactions from their respective communities. Understanding these reactions are very important when thinking how to leverage one of these blockchains.
http://www.forbes.com/sites/jonathanchester/2016/08/12/bitcoin-or-ethereum-which-blockchain-is-right-for-your-startup/#2122259c5bc8
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