A newbie just killed Ethereum - page 3.

somewhan

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Activity: 130

Merit: 10

Quote from: blackwidow7 on November 09, 2017, 09:05:06 AM

Because of this I sold my ether yesterday and stay away from my beloved ether until they give out a solution. I expect a hardfork too.

you have fallen victim to FUD, and can now buy back at higher price.

no way that there will be an emergency hardfork. If anything it will just be included in the next planned upgrade after discussion. there is no systemic risk calling for drastic measures, unlike with the DAO with 15% supply in the hands of a hacker. This is just 1% locked up.

JesusCryptos

full member

Activity: 714

Merit: 117

Quote from: MoonIsBlue on November 07, 2017, 03:53:32 PM

Quote from: boltz on November 07, 2017, 03:51:14 PM

daaamn , what happend ? This will get ethereum to drop so hard in the next days/weeks , time to move to ethereum classic I guess

). If this is for real then all the ethereum holders will have to suffer from that mistake.

A newb turned a smart contract into a multi-sig wallet, declared ownership and suicided it destroying the library that multi-sig wallets depend on making all the ETH frozen for good.

And with newb I mean; yes, litterally a newb. Apparantly he isn't quite aware of what he did and I think he's scared because he basically just burned like 500k-800k Ethereum (100-300 million USD)

That's not bad for his biography. Not many people in the world have the power of destroying 300 million dollars at will. He'll end up in the Guinness of Records.

SearchingforS

member

Activity: 238

Merit: 10

“The Future of Security Tokens”

That's very strange that it happened so. They should've been fixed this in the beginning. Now may will face problems with their money.

rezurect

sr. member

Activity: 686

Merit: 250

So many bugs and hacks with ethereum in general, it seems to have a huge attack surface.
Kind of unbelievable the marketcap ethereum is at now.

blackwidow7

newbie

Activity: 50

Merit: 0

Because of this I sold my ether yesterday and stay away from my beloved ether until they give out a solution. I expect a hardfork too.

Tony116

legendary

Activity: 2072

Merit: 1023

casinosblockchain.io

Every single program code has many bugs. What can we say about the whole ethereum or parity platforms. Plus this is human factor which is usually much more harmful than system bugs.

popolite11

sr. member

Activity: 882

Merit: 250

Quote from: Crypington on November 07, 2017, 11:12:00 PM

How crazy. I'm a big fan of Ethereum and thankfully didn't have any holdings in parity, but man, it is hard to believe a newb could destroy $100s of millions just while experimenting with some code.

$100 of millions this is big amount of money that frozen. That’s pity that Ethereum losing his fans. Despite of ETH price rised, it show serious technical problems. Some web-projects openly criticizing ETH system.
Fortunately this fault didn’t touch my money!

topesis

hero member

Activity: 630

Merit: 500

I don't think much attention should be put on these, there are still like two more hard forks to happen on ethereum and expect this to be fixed, but this just shows how vulnerable the whole platform is, if care is not taken these vulnerabilities might be the end of the whole platform because trust is being lost gradually

Gabi

legendary

Activity: 1148

Merit: 1008

If you want to walk on water, get out of the boat

Hardfork would be a big blow to Ethereum reputation. Not going to happen. Vitalik has a choice between Ethereum credibility and Gav, he will select ETH, I am sure. Gav has no control over decisions in regards of platform anymore.

SenSeiSoKo

full member

Activity: 224

Merit: 100

That is totally LOL, just millions of dollar got away... thats a big damage but maybe not the end so don't know what will happen high risk high reward and high risk means maybe loss so be aware and be careful good night and day Cool

But it is not nice when markets get crushed away

imtav

member

Activity: 79

Merit: 10

Quote from: sinner on November 08, 2017, 11:16:01 PM

what's the verdict? hardfork?

I'm 99% positive they'll hard fork. No way Gavin Wood will just give up $92 million with a shrug of the shoulders.

sinner

hero member

Activity: 615

Merit: 500

what's the verdict? hardfork?

bongiu

full member

Activity: 434

Merit: 102

Well it looks like that new was already forgotten because the price has been going up and stable the last few hours! Huh

Anyway, I really hope this gets fixed asap

Teraboy

hero member

Activity: 2282

Merit: 505

Quote from: alexcopper on November 08, 2017, 10:03:39 PM

cybermiles posted a chart of how their [Suspicious link removed]pares to ethereum: https://medium.com/cybermiles/cmt-vs-eth-c7eea2b03632

Are you kidding me? this is not a good place to advertise your project. Many project tried to claim to be the competitor of ethereum or even better just likie tezos and eos. But they are all fail.
Even qtum that already released their blockchain and what about cibershit? That was nothing rather than ethereum grabber.
Please compare your platform to the neo or qtum. if that was better than both and you can try to compare it with ether. Cheesy

Leodalat

full member

Activity: 448

Merit: 102

Dayli, many airdrop coin born by newbie. that coins run on etherreum platform. and almost is trash coins. It is polluting the ecosystem etherreum

alexcopper

member

Activity: 280

Merit: 12

cybermiles posted a chart of how their [Suspicious link removed]pares to ethereum: https://medium.com/cybermiles/cmt-vs-eth-c7eea2b03632

sheamus10

full member

Activity: 560

Merit: 100

I think this will cause the price of ethereum to be stagnant and the price of bitcoin will increase. I don't understand why that can happen but remember we are in the world of cryptocurrency.
This sort of thing happens very often.

somewhan

member

Activity: 130

Merit: 10

Quote from: Maren on November 07, 2017, 03:53:13 PM

Since only Parity was affected I guess king Vitalik won't bail them out. This is way bigger than the DAO though. The fallout will be real, wait till this gets into the common knowledge.

no its not bigger. DAO was 15% of supply in control of a hacker. that's a systemic risk.
this is <1% of supply being frozen/burned. not a systemic risk. if anything will be done it will just be included in the next planned fork.

parity has lost all credibility in my book.

deloreswest

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Activity: 350

Merit: 10

Open and Transparent Science Powered By Blockchain

Quote from: randythered on November 07, 2017, 06:16:15 PM

Quote from: TimtheYoutuber on November 07, 2017, 06:00:59 PM

In regards to everyone saying ETH is going to dive because of this, how so. The coins were not stolen from my understanding, so they wont be sold they are just lost. So it should really bring the value up, unless people are afraid of this for some reason

If a central bank suddenly had many millions of their dollars disappear, people wouldn't suddenly be happy and certainly the value of their currency would not increase, people are fearful that such a thing can happen again. Same with ETH.

yes people fear about that kind of things. the more eth on market might be a serious problem to the value of eth. but i still trust eth will working on it somehow

DroidR17A

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Activity: 490

Merit: 101

The issue arose from a bug created when the Parity wallet team "fixed" a previous bug that had resulted in the loss of $32mm, inadvertently leaving a secondary flaw that accidentally left devops199 as the sole holder of all the multi-sig accounts using Parity. devops199 didn't cause it, the Parity dev team caused it with sloppy coding and QA, devops199 just triggered what would have been triggered by the next multi-sig contract deployed via Parity. Lesson for all ETH holders is...use the official wallets, not 3rd party ones.

Topic: A newbie just killed Ethereum - page 3. (Read 4071 times)