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?