Author

Topic: [ANN] Ethereum: Welcome to the Beginning - page 862. (Read 2007090 times)

legendary
Activity: 3192
Merit: 1509
The legalities in the cryptosphere is in the gray area at best. The attacker can argue that the exploit he did was all in the rules of the DAO and there that no theft took place. And in the side of Vitalik, they should have done a better job with the security audits. How can you store 150 million dollars worth of ether in the DAO and thinking that no one will try to attack it? That is very incompetent of them.
full member
Activity: 236
Merit: 100
The time is now very close and we will see it unfold one way or another.
And I don't mind being repetitive because I don't know if it has sunk in yet what can happen.


Because of the unique way things have happened most just don't get the ramifications of a theft like this occurring. There will be major continuous effects which will cause contagion because of the people and authorities that will be draw into it.

LAW IS LAW - Code is not the law - THEFT IS THEFT.

Ethereum simply will not exist if the theft will go ahead and is not stopped. People I think just aren't taking on board how ethereums future is hanging in the balance. Ethereum at the moment has  become a casino bet red/black close to 50/50 odds as it may appear.

The fact that anyone can get the price on offer and cash out is just the other side of whether a fork will occur and ethereum will continue and most likely greatly prosper. Because without the definitive knowledge that a fork will occur the price should be leaning towards zero. All the efforts of the developers and all else will come to nothing.


It is quite surreal with the continuous going ons' in Etherium whether meet ups or considerations of things built on Ethereum and discussions of their future etc. It's all (castles in the air) as their future still hangs in the balance.


This is an out there unusual situation just because the way things developed over the course of dao creation and onward's.There were two major flaws in the dao, one being the obvious codeing problems the other being the lack of limitations within the creation phase. Because of this it is extending into Ethereum itself and because of this it will extend into the entire crypto world if not stopped.

It's just incredible to view the ridicules ideas some have about the law or is that blockchain law that exists only on computerland with their head so far up a computer they don't know whats what anymore or maybe they just didn't know whats what in the first place.


I am glad there are some out there that can articulate better than myself. - Jack du Rose -

"Any ideas about theDAO being outside of the scope of any jurisdiction are mistaken. Smart contracts are not smart, and they’re not contracts. Code is not law; law is law. Notions to the contrary are naive, no matter what it says on any website’s marketing copy.

If the stolen funds are not returned, Ethereum projects in general are in jeopardy. There will be complaints to the U.S. Security and Exchange Commission (SEC), who have jurisdiction all over the
world, so long as US citizens are affected. An investigation into theDAO will ensue, dragging Ethereum through the mud behind it.

If we demonstrate the ability to govern our own affairs responsibly, and the funds are recovered, no loss will have taken place. There will be far less merit to any complaint, which therefore reduces the likelihood of the SEC wasting scarce resources on complex overseas adventures."


LAW IS LAW


There is an added effect when legalities take hold on the entire crypto sphere which no one is even taking into consideration yet.
thats another good point
but the question is will they be able to do a hf in such a short amount of time
a secure one
plus either way hf or not
SEC will investigate becouse it does not matter for them if the insider fix it or not ? law is law ?
at the moment one can say the code is the contract and following the lines of the code no crime was done. but if they roll it back what will the SEC say then?


Like I said many just don't get it yet. Theft is theft.
legendary
Activity: 1078
Merit: 1000
The time is now very close and we will see it unfold one way or another.
And I don't mind being repetitive because I don't know if it has sunk in yet what can happen.


Because of the unique way things have happened most just don't get the ramifications of a theft like this occurring. There will be major continuous effects which will cause contagion because of the people and authorities that will be draw into it.

LAW IS LAW - Code is not the law - THEFT IS THEFT.

Ethereum simply will not exist if the theft will go ahead and is not stopped. People I think just aren't taking on board how ethereums future is hanging in the balance. Ethereum at the moment has  become a casino bet red/black close to 50/50 odds as it may appear.

The fact that anyone can get the price on offer and cash out is just the other side of whether a fork will occur and ethereum will continue and most likely greatly prosper. Because without the definitive knowledge that a fork will occur the price should be leaning towards zero. All the efforts of the developers and all else will come to nothing.


It is quite surreal with the continuous going ons' in Etherium whether meet ups or considerations of things built on Ethereum and discussions of their future etc. It's all (castles in the air) as their future still hangs in the balance.


This is an out there unusual situation just because the way things developed over the course of dao creation and onward's.There were two major flaws in the dao, one being the obvious codeing problems the other being the lack of limitations within the creation phase. Because of this it is extending into Ethereum itself and because of this it will extend into the entire crypto world if not stopped.

It's just incredible to view the ridicules ideas some have about the law or is that blockchain law that exists only on computerland with their head so far up a computer they don't know whats what anymore or maybe they just didn't know whats what in the first place.


I am glad there are some out there that can articulate better than myself. - Jack du Rose -

"Any ideas about theDAO being outside of the scope of any jurisdiction are mistaken. Smart contracts are not smart, and they’re not contracts. Code is not law; law is law. Notions to the contrary are naive, no matter what it says on any website’s marketing copy.

If the stolen funds are not returned, Ethereum projects in general are in jeopardy. There will be complaints to the U.S. Security and Exchange Commission (SEC), who have jurisdiction all over the
world, so long as US citizens are affected. An investigation into theDAO will ensue, dragging Ethereum through the mud behind it.

If we demonstrate the ability to govern our own affairs responsibly, and the funds are recovered, no loss will have taken place. There will be far less merit to any complaint, which therefore reduces the likelihood of the SEC wasting scarce resources on complex overseas adventures."


LAW IS LAW


There is an added effect when legalities take hold on the entire crypto sphere which no one is even taking into consideration yet.
thats another good point
but the question is will they be able to do a hf in such a short amount of time
a secure one
plus either way hf or not
SEC will investigate becouse it does not matter for them if the insider fix it or not ? law is law ?
at the moment one can say the code is the contract and following the lines of the code no crime was done. but if they roll it back what will the SEC say then?
full member
Activity: 236
Merit: 100
The time is now very close and we will see it unfold one way or another.
And I don't mind being repetitive because I don't know if it has sunk in yet what can happen.


Because of the unique way things have happened most just don't get the ramifications of a theft like this occurring. There will be major continuous effects which will cause contagion because of the people and authorities that will be draw into it.

LAW IS LAW - Code is not the law - THEFT IS THEFT.

Ethereum simply will not exist if the theft will go ahead and is not stopped. People I think just aren't taking on board how ethereums future is hanging in the balance. Ethereum at the moment has  become a casino bet red/black close to 50/50 odds as it may appear.

The fact that anyone can get the price on offer and cash out is just the other side of whether a fork will occur and ethereum will continue and most likely greatly prosper. Because without the definitive knowledge that a fork will occur the price should be leaning towards zero. All the efforts of the developers and all else will come to nothing.


It is quite surreal with the continuous going ons' in Etherium whether meet ups or considerations of things built on Ethereum and discussions of their future etc. It's all (castles in the air) as their future still hangs in the balance.


This is an out there unusual situation just because the way things developed over the course of dao creation and onward's.There were two major flaws in the dao, one being the obvious codeing problems the other being the lack of limitations within the creation phase. Because of this it is extending into Ethereum itself and because of this it will extend into the entire crypto world if not stopped.

It's just incredible to view the ridicules ideas some have about the law or is that blockchain law that exists only on computerland with their head so far up a computer they don't know whats what anymore or maybe they just didn't know whats what in the first place.


I am glad there are some out there that can articulate better than myself. - Jack du Rose -

"Any ideas about theDAO being outside of the scope of any jurisdiction are mistaken. Smart contracts are not smart, and they’re not contracts. Code is not law; law is law. Notions to the contrary are naive, no matter what it says on any website’s marketing copy.

If the stolen funds are not returned, Ethereum projects in general are in jeopardy. There will be complaints to the U.S. Security and Exchange Commission (SEC), who have jurisdiction all over the
world, so long as US citizens are affected. An investigation into theDAO will ensue, dragging Ethereum through the mud behind it.

If we demonstrate the ability to govern our own affairs responsibly, and the funds are recovered, no loss will have taken place. There will be far less merit to any complaint, which therefore reduces the likelihood of the SEC wasting scarce resources on complex overseas adventures."


LAW IS LAW


There is an added effect when legalities take hold on the entire crypto sphere which no one is even taking into consideration yet.
hero member
Activity: 591
Merit: 501
Scavenger of Crypto Sorrow
after some time in Britain will be Council to discuss the establishment of a national coin Britcoin, if positive, then all countries will make their national coins and then there would be no point in all the popular coins such as bitcoin, ether, dash and the other - I spent three years for nothing, received nothing in return, giving a lot of time and money and without getting under any of pump ))

Dude, it sucks to be you.
hero member
Activity: 840
Merit: 1000
after some time in Britain will be Council to discuss the establishment of a national coin Britcoin, if positive, then all countries will make their national coins and then there would be no point in all the popular coins such as bitcoin, ether, dash and the other - I spent three years for nothing, received nothing in return, giving a lot of time and money and without getting under any of pump ))

not sure if your comment belongs here?
in any case, if that's how you feel, get out now, run far away.
you do realize btc is not controlled by any govt, while a national coin would most likely be in the hands of a central authority
hero member
Activity: 952
Merit: 1000
www.pumpmycoin.com
after some time in Britain will be Council to discuss the establishment of a national coin Britcoin, if positive, then all countries will make their national coins and then there would be no point in all the popular coins such as bitcoin, ether, dash and the other - I spent three years for nothing, received nothing in return, giving a lot of time and money and without getting under any of pump ))
hero member
Activity: 742
Merit: 505

apparently, they are...and their project leaders found more interesting to go on their own.

Made me wonder what project they have been working on and what project they are starting.
hero member
Activity: 1928
Merit: 538

apparently, they are...and their project leaders found more interesting to go on their own.
legendary
Activity: 1078
Merit: 1000
newbie
Activity: 17
Merit: 0
Update for miners at Etheres;

Etheres has updated all wallets to the latest 1.4.10 successfully, mining was not effected. So come and take advantage of our 0% fees for the next 3 months!
legendary
Activity: 1316
Merit: 1021
2009 Alea iacta est
Ethereum’s Hard Fork is a Lesson for the Bitcoin Community


https://news.bitcoin.com/ethereum-hard-fork-insight-bitcoin/
hero member
Activity: 840
Merit: 1000
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An interesting project and a very promising !!!
I registered...
I believe in this project and its successful start!

 Smiley
why post this here?
what does this have to do with etherium?
mod...please delete these
hero member
Activity: 742
Merit: 505
http://arhibalt.thwglobal.com/


This Is A Soft Launch Registration Page!
THW GLOBAL ADVERTISING
Rated Fastest Growing Opportunity Of 2016
Wanted 5M IV's in 2016 / 25M IV's in 2017


Register now: http://arhibalt.thwglobal.com/

THW Global Pay Plan:
Up to $25 per hour watching Better Than YouTube Type Videos. Also huge management 6 figure opportunity. International advertising giant needs millions of IVs over the age of 18 to invest up to 10 hours weekly giving comments on commercials, TV pilot programs, movie trailers, video surveys and so much more. Over 90% can be done from any smart phone or computer anytime / anywhere 24/7. From the comfort of your home or on the road.

Register now: http://arhibalt.thwglobal.com/

Do not miss your chance and Good luck !

An interesting project and a very promising !!!
I registered...
I believe in this project and its successful start!

 Smiley


Ye.. sure...

Credibility : ZERO
2 new accounts with 1 post.


There is spam.. and fucking dumb spam.
Guess what this is?
jr. member
Activity: 62
Merit: 2
yes code rules...code allowed hack, code allows HF.

and anyone who says well BTC wasn't hardforked after MT Gox ..is naïve or ill-informed.
Mt gox hack occurred month's if not years before final demise. Infinitely more transactions and infinitely more $ to btc and BTC to $ transactions.
cant compare the situations.

Sure DAO holders can sue, but most likely wont if HF is successful (no grounds) Dao hacker can sue, but finding a jurisdiction that would interpret contract law in his/her/their favor would be difficult and plus would have to reveal self (don't think strawmen representation is allowed) and that wont happen as he/she/they might be in more trouble than just legal.

It would be impossilbe for the DAO hacker to sue as it is very clear he stole $60 million and will be put into prison.
member
Activity: 90
Merit: 10
Welcome to Etheres the latest mining pool to hit the scene!
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Yes some may say "oh no not another pool" or "why do we need another?" but Etheres is here to help provide another option for all Ethereum miners. There are a few larger pools that have rather high total hashrates, at times nearly reaching 50%+. So Etheres is here to provide another realiable, fast and secure option to all miners who wish to check us out.

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maybe this is not the correct place to post this
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We are also contactable on twitter, e-mail and personal messages;

[email protected]
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newbie
Activity: 17
Merit: 0
Welcome to Etheres the latest mining pool to hit the scene!
https://etheres.com

Yes some may say "oh no not another pool" or "why do we need another?" but Etheres is here to help provide another option for all Ethereum miners. There are a few larger pools that have rather high total hashrates, at times nearly reaching 50%+. So Etheres is here to provide another realiable, fast and secure option to all miners who wish to check us out.

Not only does Etheres provide another option, it also provides a fast, detailed and great looking portal for all miners to see what they want to see all in the same place! Some of the main features are listed below;
  • Anonymous Mining
  • Real time PROP payout scheme
  • Pay all Ethereum Rewards (Blocks, Uncles and Fees)
  • Detailed Pool/Worker Statsitcs
  • Accurate hashrate reporting/statistics
  • Low 0% mining fee - Increase to 1% after 3 Months
  • Payouts at min 0.2 ETH
  • Payouts sent hourly

Etheres supports both eth-proxy and getwork, and has detailed instructions available here.

Stratum Proxy - eth-proxy, claymore etc
  • Host: eth.etheres.com
  • Port: 3333

GetWork - eth, ethminer, genoil etc
  • Host: eth.etheres.com
  • Port: 3334

We are also contactable on twitter, e-mail and personal messages;

[email protected]
https://twitter.com/Etheres_Pool
hero member
Activity: 840
Merit: 1000
yes code rules...code allowed hack, code allows HF.

and anyone who says well BTC wasn't hardforked after MT Gox ..is naïve or ill-informed.
Mt gox hack occurred month's if not years before final demise. Infinitely more transactions and infinitely more $ to btc and BTC to $ transactions.
cant compare the situations.

Sure DAO holders can sue, but most likely wont if HF is successful (no grounds) Dao hacker can sue, but finding a jurisdiction that would interpret contract law in his/her/their favor would be difficult and plus would have to reveal self (don't think strawmen representation is allowed) and that wont happen as he/she/they might be in more trouble than just legal.
hero member
Activity: 840
Merit: 1000

Yes I have noticed there is already a wave of buying going on right now. It looks like the people are having confidence in buying again.
Those are the losers.
It is obvious now that profiting from a smart contract on the eth network is a risky business as it will be hardforked if the majority of losers decide you're too profitable.

I doubt that a hard fork will just happen because people think it is too profitable.
It is happening right in front of our eyes. Majority of losers voted to confiscate the wealth of a single person because smart contract he signed on ethereum network is too profitable.
becoin, some would disagree , majority voted to hf because someone violated spirit of the DAO. It was an act that was not in the best interest of a majority of DAO holders. Therefore they wont let it stand. Again, "hacker" knows more about workings of DAO than most people ( at most 500 people worldwide could've accomplished DAO hack...probably less) He/she/they knew they would never be able to use those DAO tokens and therefore simultaneously opened massive short positions of bitfinex. That's where profit was made
You have signed a contract with someone more knowledgeable than you. When you understood this fact and that it will result in a loss you start complaining this person violated not the contract but the spirit of the contract... Every gambler can say that when they lose money.
yes they can, and yes they do. gamblers routinely sue casinos when they loose money. 
legendary
Activity: 3431
Merit: 1233

Yes I have noticed there is already a wave of buying going on right now. It looks like the people are having confidence in buying again.
Those are the losers.
It is obvious now that profiting from a smart contract on the eth network is a risky business as it will be hardforked if the majority of losers decide you're too profitable.

I doubt that a hard fork will just happen because people think it is too profitable.
It is happening right in front of our eyes. Majority of losers voted to confiscate the wealth of a single person because smart contract he signed on ethereum network is too profitable.
becoin, some would disagree , majority voted to hf because someone violated spirit of the DAO. It was an act that was not in the best interest of a majority of DAO holders. Therefore they wont let it stand. Again, "hacker" knows more about workings of DAO than most people ( at most 500 people worldwide could've accomplished DAO hack...probably less) He/she/they knew they would never be able to use those DAO tokens and therefore simultaneously opened massive short positions of bitfinex. That's where profit was made
You have signed a contract with someone more knowledgeable than you. When you understood this fact and that it will result in a loss you start complaining this person violated not the contract but the spirit of the contract... Every gambler can say that when they lose money.
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