[2016-10-10] Ethereum Attacks Continue: Another Hard Fork?

bbc.reporter

legendary

Activity: 3122

Merit: 1492

Quote from: ArticMine on October 12, 2016, 01:12:25 PM

Quote from: dballing on October 12, 2016, 02:16:03 AM

This is what happens when you spend 90% of your energy on marketing rather than development...

This is the crux of what is so fundamentally broken in Ethereum. Marketing taking a priority over development. The result is actually very predictable. A major early "success" that has propelled Ethereum to second place in market capitalization that is built upon a rotten foundation.

Edit: It remains to be seen if the rotten foundation can now be fixed after an elaborate structure has been built upon it.

Do they care to even fix the rotten foundation? I heard that none of the original founders of Ethereum remain except for Vitalik, please correct me on this.

So would that mean that those who left were only in it for the money? Or do they think it is already a lost cause so leaving would be a better option for them than staying in a sinking ship?

Minecache

legendary

Activity: 2184

Merit: 1024

Vave.com - Crypto Casino

Quote from: Turbo2 on October 12, 2016, 01:10:17 PM

This is good news, can't wait for the hard fork to be completed....It will make ETH less resistant to attackers.

Buying more ETH while it is still cheap Grin

It is a gud time to fill more bags.

XbladeX

legendary

Activity: 1302

Merit: 1002

Quote from: BiTZeD on October 12, 2016, 01:25:31 PM

As much as Ethereum Classic was something good, a new currency born from the hardfork would be another pain.

As ETC is plain copy of ETH if someone wants he can reckt same way ETC Cheesy

like ETH.
ETC will have fork at end too ....

BiTZeD

sr. member

Activity: 379

Merit: 250

As much as Ethereum Classic was something good, a new currency born from the hardfork would be another pain.

ArticMine

legendary

Activity: 2282

Merit: 1050

Monero Core Team

Quote from: dballing on October 12, 2016, 02:16:03 AM

This is what happens when you spend 90% of your energy on marketing rather than development...

This is the crux of what is so fundamentally broken in Ethereum. Marketing taking a priority over development. The result is actually very predictable. A major early "success" that has propelled Ethereum to second place in market capitalization that is built upon a rotten foundation.

Edit: It remains to be seen if the rotten foundation can now be fixed after an elaborate structure has been built upon it.

Turbo2

newbie

Activity: 63

Merit: 0

This is good news, can't wait for the hard fork to be completed....It will make ETH less resistant to attackers.

Buying more ETH while it is still cheap Grin

tyz

legendary

Activity: 3360

Merit: 1533

I doubt that Ethereum would survive a second hard fork. Main focus of ETH is to attract businesses. How should those plan if security is not secured and if there is a nature to hard fork the project on every happening the developers are not satisfied with?

klaaas

hero member

Activity: 1568

Merit: 544

This is rushed to much from the start. I foresee a next Bruce Wanker coming up.

Minecache

legendary

Activity: 2184

Merit: 1024

Vave.com - Crypto Casino

Quote from: bbc.reporter on October 12, 2016, 03:02:45 AM

Quote from: dballing on October 12, 2016, 02:16:03 AM

This is what happens when you spend 90% of your energy on marketing rather than development...

Let us hope that the Ethereum classic development team will go to another direction and focus all their energy in security first and foremost. Efficiency and usability will slowly follow after when start ups begin to make use of the platform for their minimum viable protect ideas and proof of concepts. It also might be a good idea for ETC start ups to have a good relations ship with the ETC development team so that they could work side by side in fixing and improving the platform.

Why would even think that a bunch of bandits and criminals would focus on security?

bbc.reporter

legendary

Activity: 3122

Merit: 1492

Quote from: dballing on October 12, 2016, 02:16:03 AM

This is what happens when you spend 90% of your energy on marketing rather than development...

Let us hope that the Ethereum classic development team will go to another direction and focus all their energy in security first and foremost. Efficiency and usability will slowly follow after when start ups begin to make use of the platform for their minimum viable protect ideas and proof of concepts. It also might be a good idea for ETC start ups to have a good relations ship with the ETC development team so that they could work side by side in fixing and improving the platform.

Dank14

full member

Activity: 252

Merit: 100

If ethereum keeps hard forking at every issue that crops up, they will continue to lose their fan base until there is almost nothing left anymore.

dballing

full member

Activity: 246

Merit: 100

This is what happens when you spend 90% of your energy on marketing rather than development...

bbc.reporter

legendary

Activity: 3122

Merit: 1492

I do not mind this hard fork this time. They need to do it so that the network will fix these dos attacks and also it would be a good opportunity for the Ethereum development team to fix the replay attacks too. There are no millions invested in different Ethereum ICO that have reached the top of the list in the most crowd funded projects of all time. They should secure the platform and avoid the DAO attack from happening again.

topesis

hero member

Activity: 630

Merit: 500

Ethereum to me seems to have misplaced priority, those guys forget that without a strong foundation everything built on it will surely crash but they prefer to be patching the platform that is in need of real surgical operation, the smart contract market is getting competitive with the Synereo project and the Rostock if one of these project get it right I can see Ethereum being left behind in the market they pioneer

buxlover

full member

Activity: 224

Merit: 100

Security has to be the main focus of cryptocurrencies, Since eth emerged because of hack, it came out of emergency so would have some security issues, so they should have concentrated on security measures and protocols first rather they concentrated on additional functionality to enhance scalability. Now they are paying the price.

Hard fork is not new to them and also many accepted their method, so hard forking again doesn't have much impact

BTCManagerOfficial

full member

Activity: 210

Merit: 100

The Ethereum network is still struggling to deal with various DoS and transaction spam attacks that are causing delays for wallet platforms, exchanges, and users, whereby Ethereum may have to undergo another hard fork to solve the issue...

Read more here:

https://btcmanager.com/news/tech/ethereum-continues-to-be-exploited-another-hard-fork/

Follow BTCManager for the Latest on Fintech, Blockchain, and Bitcoin!

Topic: [2016-10-10] Ethereum Attacks Continue: Another Hard Fork? (Read 1002 times)