Topic: [ANN] Ethereum: Welcome to the Beginning - page 875. (Read 2007090 times)

Bump-Bump!!  Is there anything I should be doing to make this hardfork thingy-madingy any easier to manage?  Should I even be keeping my chain up to date or should I just wait until updated software is available?

you are right
its also to consider
what i say is the comunity has to condisder what impact the decition has for the future

its quite amazing that eth still above 10 even with all the fork and fudd,  i guess no more weak hand and it can be pumped like early bitcoin when it first reach 3 digit... 

btw im not saying that eth will reach 3 digit btw 

lol all those waiting for $10- ETH, lol keep waiting, if ETH goes anywhere near $10, before/after fork, spork,no fork ...it will be scooped up and never be sold so cheap ever again.

hmm might top up on sum ETH now,lol...not waiting for a few percent drop when i know this is gona fly beyond $100+ 1 ETH
im moving my buy walls up too

SEE YA ALL AT DEVCON 2  

http://www.blockchainweek2016.org/index_en.html
book tickets now

THE BIGGEST CRYPTO EVENT OF ALL TIME
THE BIGGEST MEETING OF SMARTEST MINDS FROM EVERY COUNTRY IN THE WORLD
THE BIGGEST FINTECH  MEETING EVER

ALL BROUGHT TO US THANKS TO ETHEREUM

The point is that the 4% "stolen" funds can do a lot damage to the Ethereum ecosystem. So it is better to take it away.

https://www.youtube.com/watch?v=_O5fdMFKEC0

totaly agree and id ad
the"can" option that is added right now will also do damage
in the future big biz that is maybe to big to fail ? might ask for a folk too ? what then?

LOL. I didn't know I need authorization to access ethereum network.

The Computer Fraud and Abuse Act, 18 U.S.C. § 1030 (CFAA) provides for civil actions arising out of various cyber infractions. Pursuant to 18 U.S.C. § 1030(a)(4) “Whoever … knowingly and with intent to defraud, accesses a protected computer without authorization, or exceeds authorized access, and by means of such conduct furthers the intended fraud and obtains anything of value, unless the object of the fraud and the thing obtained consists only of the use of the computer and the value of such use is not more than $5,000 in any 1-year period.”

Here, the exploiter knowingly, and with intent, defrauded The DAO because s/he siphoned many times their actual holdings in The DAO of which belonged to other users. The DAO would be considered a “protected computer” because it is connected to the internet which allows it to be used in a manner that affects interstate or foreign commerce or communication of the United States.

A Lawyer's perspective on the DAO situation: Legal Info and input
http://ethereum.net/news/spotlight/understanding-ethereum-and-the-dao-conundrum

Excellent read. Anyone against hard fork must read it! I was one of them. And I've changed my position now.

China produces 80% of comps and phones but you still use them everyday.

Yes, i'd say the hype is foolish in general. New tech should be valued lower instead of higher than time-tested and vetted things. New tech will always have bugs. It's not rational to value it this high this quickly. I think people will learn this over time and we should see more organic and slow growth on projects in the future. It's much healthier for everyone involved.

"get rich quick" is a foolish notion and harms these projects in general.

About the fork: idgaf - have no horse in the race. Posting for entertainment only.

Yes, btc mining will become more centrralized and eth might be or end up centralized too - buying some vertcoin could be a good idea if you agree on that  
Haven't so far found any better approach to combat the centralisation problem than VTC. Hope more research will be done into the area how to keep the network decentral in the future. That would be something of value.
But everyone is tripping over themselves to build on a shaky foundation.
The foundation of crypto isn't even solid yet because of the problem wih centralisation. Why go beyond that? It's all vapourware - everything.
They wanna fly to the moon before having invented the wheel aparently.

The only thing i can see overtake bitcoin longterm is new tech in decentralisation.

Looks like today is the day I unfollow this thread.  Nothing useful here anymore.  

A fool and his money. Wouldn't you say that all this money in crypto is foolish.  It's all untested and none of it works all that great just yet.  We are in the beginning stages and I think what your worried about is if the hard fork happens and its successful it will set a precedent for all hard forks in the future.  One will say look at ethereum.  Your dead scared of that and I can't say that I blame ya since China runs 80% of the btc network !!

Best regards
D57heinz

There's only one line of code that exists for etherium at the moment.
Fork etheruim = etherium keeps going, No fork = etherium wipe out, no more.


Etherium simply will not exist if the theft will go ahead and is not stopped. People I think just aren't taking on board how etheriums future is hanging in the balance. Etherium 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 etherum 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 on's in etherium whether meet ups or considerations of things built on etherium 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 onwards.
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 etherium itself and because of this it will extend into the entire crypto world if not stopped.

It's just increadable to view the redicules 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 of an entire crypto wipe out.

Ethereum's "Big Lamba" Interview on 'Bitcoin Uncensored':

https://www.youtube.com/watch?v=9JgvkWRSq7Q





why solidity isn't solid:

https://medium.com/@Hibryda/why-solidity-isnt-solid-3341af77fc1c#.czlo2b778

To continue your analogy. It is becoming more acceptable that systems will be hacked. It is how you respond to an incident that matters. The SWIFT issue will not per se cause reputational damage because of the compromise but rather if transactions or ledgers or messages are meddled with. Banks also have few alternatives for global payments. The banks and SWIFT needs to fix the control issues around the system and move on. The preventative controls should have stopped the transactions in the first place. Law enforcement can recover the money subsequently if it is paid out past all the controls and was unlawful. The SWIFT messaging system remains intact in the process and that is the integrity and trust I refer to. A valid transaction that passes the rules must be processed and honored. If an upfront or supporting process fails and a message is sent you dont go and change the messages to recover the money but you rather take the knock and fix the process through a risk mitigation strategy. It is also possible to follow a risk transfer strategy to recover the money in such an event and then of course to hold enough pillar I capital.

Similarly with the issue at hand it is a slippery slope to mess with the blockchain. As soon as you do that the centralized authorities that emerge that become the judge must then come up with policies of the conditions and attributes that similar transactions must comply with to be granted a fork eg. transactions over a certain value, transactions of a certain type etc. This is needed so that any contracts where there are a dispute can have a fair chance of being granted a fork to "fix" it. Also there must be a legal process to adjudicate over claims that transactions comply with those conditions and attributes especially since the code is not the law anymore after the fork - one party could say he did not do X and another he did do X etc. There is also the moral aspect going forward where certain communities/cultures/countries can see something as wrong where in another it is perfectly acceptable.

Or just screw it all and recover the money and put the project on red and hope the ball does not land on black

Agree 100% with that statement.

Vericoin became centralized a couple years ago and VRC has never been the same since. Granted, it sucks for them because they had coins stolen from Mintpal, but in Ethereum's case, their own godly code was proven to be.......well, not so godly afterall.  I'm a former investor and supporter of both projects now.

It's ironic that so many in crypto proclaim their lack of support and faith for the central banksters of this world.  Seems ETH has made many crypto hypocrites out of these proclaimers

Rubbish i tell ya, this project is rubbishio!!

Paul Sztorc: Were the hard fork to succeed, it would demonstrate centralization. The mixture of 'centralization' and 'anonymous e-cash' is not pretty. Key individuals may be arrested, kidnapped, or worse... and the responsible agent ('insiders') could short the market, and make off with tens of millions – tax free.

It is a direct threat made by government agent named Sztorc. Ooh he is also a centralized prediction market owner of Bitcoinhivemind, backed by Roger Ver. And he is writing many bad things on Augur which is a decentralized prediction market run on Ethereum.

So,,, there is a big war goin' on between statists and the people. Lets see who will win this time!