Topic: [ANN] Ethereum: Welcome to the Beginning - page 878. (Read 2007090 times)
Good to see a lot of doom and gloom preachers and newb accounts. Usually means people trying to buy low before a pump. LOL
If the code isn't secure the blockchain is worthless.
Wether the hacker is a thief or not is irrelevant in that.
Stop beating a dead horse.
Wether the hacker is a thief or not is irrelevant in that.
Stop beating a dead horse.
Lol, comparing ETH to a bank isn't going to win me over.
The only thing holding the banks up is confidence and trust. This confidence comes from the fact that the currency they hold was backed by real money (gold and silver) at one time. That ended decades ago, so now all currency is is a paper promise. How this confidence and trust is maintained is beyond me at this point. Most peeps have no clue that when you deposit currency into a bank, it's no longer yours. You effectively loan them your dollars and then they go gamble it away. Go try to actually take a sizable sum of physical cash out (not a check, but physical currency) and see how you're treated.
I have no confidence in ETH or a bank any longer. If the code is god, as Vitalik has stated, then the hacker should keep his ETH. Anything less makes ETH just as centralized as the banks. Plain and simple
The only thing holding the banks up is confidence and trust. This confidence comes from the fact that the currency they hold was backed by real money (gold and silver) at one time. That ended decades ago, so now all currency is is a paper promise. How this confidence and trust is maintained is beyond me at this point. Most peeps have no clue that when you deposit currency into a bank, it's no longer yours. You effectively loan them your dollars and then they go gamble it away. Go try to actually take a sizable sum of physical cash out (not a check, but physical currency) and see how you're treated.
I have no confidence in ETH or a bank any longer. If the code is god, as Vitalik has stated, then the hacker should keep his ETH. Anything less makes ETH just as centralized as the banks. Plain and simple
Its not a comparison to a bank. I used banking as an example to show how trust is EARNED and kept. Those who think because the code allowed him to take the ETH its all okay do not understand the laws governing computer systems. Saying the code "allowed him" is like saying a hole in a firewall allowed a hacker to breach a system and therefore he did nothing wrong. Except he did and every court in the western world would agree on that.
The point is, if you take something against the wishes of the owners, it is called theft. How you took it is irrelevant.
In any case, it worries me that so many vocal people seem to want this thief to keep the money he stole. To me that is more worrisome than the bug in the code that allowed the thief to steal.
no system is infallibale
it is about what is the most secure system
so far on past record eth is safer than banks and governement
easy to see all the fraud, theft and scams in banking and the insurmountable amount of money stolen and how that currently compares to eth
Lol, comparing ETH to a bank isn't going to win me over.
The only thing holding the banks up is confidence and trust. This confidence comes from the fact that the currency they hold was backed by real money (gold and silver) at one time. That ended decades ago, so now all currency is is a paper promise. How this confidence and trust is maintained is beyond me at this point. Most peeps have no clue that when you deposit currency into a bank, it's no longer yours. You effectively loan them your dollars and then they go gamble it away. Go try to actually take a sizable sum of physical cash out (not a check, but physical currency) and see how you're treated.
I have no confidence in ETH or a bank any longer. If the code is god, as Vitalik has stated, then the hacker should keep his ETH. Anything less makes ETH just as centralized as the banks. Plain and simple
The only thing holding the banks up is confidence and trust. This confidence comes from the fact that the currency they hold was backed by real money (gold and silver) at one time. That ended decades ago, so now all currency is is a paper promise. How this confidence and trust is maintained is beyond me at this point. Most peeps have no clue that when you deposit currency into a bank, it's no longer yours. You effectively loan them your dollars and then they go gamble it away. Go try to actually take a sizable sum of physical cash out (not a check, but physical currency) and see how you're treated.
I have no confidence in ETH or a bank any longer. If the code is god, as Vitalik has stated, then the hacker should keep his ETH. Anything less makes ETH just as centralized as the banks. Plain and simple
Its not a comparison to a bank. I used banking as an example to show how trust is EARNED and kept. Those who think because the code allowed him to take the ETH its all okay do not understand the laws governing computer systems. Saying the code "allowed him" is like saying a hole in a firewall allowed a hacker to breach a system and therefore he did nothing wrong. Except he did and every court in the western world would agree on that.
The point is, if you take something against the wishes of the owners, it is called theft. How you took it is irrelevant.
In any case, it worries me that so many vocal people seem to want this thief to keep the money he stole. To me that is more worrisome than the bug in the code that allowed the thief to steal.
Piggycoin was a better investement now.
http://technical.ly/brooklyn/2016/06/30/consensys-ethereum-hack/?utm_content=bufferc3378&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer
Nope, ConsenSys isn’t letting the $50M Ethereum breach slow it down
Nope, ConsenSys isn’t letting the $50M Ethereum breach slow it down
Downvoting of important and relevant info is strong in the eth-reddit, i must say.
Yes, eth reddit works like this:
-click topic
-read op
-scroll all the way down to find the comments voted into oblivon
-read them
-close the tab
All interesting info downvoted. Only moontalk and pro-fork allowed.
thats why i walk around reddit Censorship possible. Discrimination and manipulation certainly.
Downvoting of important and relevant info is strong in the eth-reddit, i must say.
Yes, eth reddit works like this:
-click topic
-read op
-scroll all the way down to find the comments voted into oblivon
-read them
-close the tab
All interesting info downvoted. Only moontalk and pro-fork allowed.
thats why i walk around reddit
question:
if the hf happens and all ether are transfered to the original holders
what happens to the dao tokens that are now traded on exchanges ?
how will that be managed ?
i know the dao is history with the hf
am i right ?
if the hf happens and all ether are transfered to the original holders
what happens to the dao tokens that are now traded on exchanges ?
how will that be managed ?
i know the dao is history with the hf
am i right ?
Downvoting of important and relevant info is strong in the eth-reddit, i must say.
Yes, eth reddit works like this:
-click topic
-read op
-scroll all the way down to find the comments voted into oblivon
-read them
-close the tab
All interesting info downvoted. Only moontalk and pro-fork allowed.
Just to reiterate
Theft is theft. Forget blockchain ideologies.
If the theft of etherium/dao is allowed to go ahead, then should etherium be worth anything?
It would accept stealing as ok and the norm, and be seen to reward such behavior.
A thief should be brought to justice not rewarded. It was an accepted part of the dao that funds wouldn't be released accept for consensus of the dao, not consensus of anyone else. If someone hacked any institution because its security was lax, it would be theft just the same, and the same goes for anything else. There is no such thing as a fair flaw.
This is a theft that can be stopped, so if developers can stop it but choose not to, or don't use anything in their power to stop it, it can be seen as effectively aiding in the theft.
Forget blockchain ideologies they will be meaningless. Everyone take very careful analysis of what is occurring there can be consequences if the theft is allowed to continue.
And consider the effect of a thief holding such a large percentage of ether equals etherium can't be trusted in the future, as it gives power, and may if possible be used to take down the system at anytime in the future with no recourse.
Those that have unfavorably commented on my previous post have shown that they have their head so far up a computer that they have forgotten they live in the real world.
They are also making misleading assumptions about me which shows the state of logic that evolves from them.
Also to consider anyone found to be helping a theft could also be brought to justice.
There may also be ramifications to this that are hard to see at the moment that may have wider implications.
This could be over with a simple fork or whatever is needed.
You do not need to re-compute history, this is a fundamentally difference in the way etherium works, as has been stated in LBT live (thanks Mrpumperitis for link). This also doesn't need to be a president as its so early in etherums development.
Theft is theft. Forget blockchain ideologies.
If the theft of etherium/dao is allowed to go ahead, then should etherium be worth anything?
It would accept stealing as ok and the norm, and be seen to reward such behavior.
A thief should be brought to justice not rewarded. It was an accepted part of the dao that funds wouldn't be released accept for consensus of the dao, not consensus of anyone else. If someone hacked any institution because its security was lax, it would be theft just the same, and the same goes for anything else. There is no such thing as a fair flaw.
This is a theft that can be stopped, so if developers can stop it but choose not to, or don't use anything in their power to stop it, it can be seen as effectively aiding in the theft.
Forget blockchain ideologies they will be meaningless. Everyone take very careful analysis of what is occurring there can be consequences if the theft is allowed to continue.
And consider the effect of a thief holding such a large percentage of ether equals etherium can't be trusted in the future, as it gives power, and may if possible be used to take down the system at anytime in the future with no recourse.
Those that have unfavorably commented on my previous post have shown that they have their head so far up a computer that they have forgotten they live in the real world.
They are also making misleading assumptions about me which shows the state of logic that evolves from them.
Also to consider anyone found to be helping a theft could also be brought to justice.
There may also be ramifications to this that are hard to see at the moment that may have wider implications.
This could be over with a simple fork or whatever is needed.
You do not need to re-compute history, this is a fundamentally difference in the way etherium works, as has been stated in LBT live (thanks Mrpumperitis for link). This also doesn't need to be a president as its so early in etherums development.
There is no need to argue it is a theft. I think it is and will make sure the thief will not get the stolen funds using my mining power.
Hi to all, i made a bot (in beta now) to manage lending orders on poloniex for ETH if someone interested in trying it : https://bitcointalksearch.org/topic/poloniex-bot-program-for-lending-section-new-release-16-version-1531889
-devs invested in own crap code creating conflict of interest
-create 'too big to fail' by accident because of hype and greed
-get bug-exploited (ignored experts raising red flags)
-consider splitting the network, introduce blacklisting, erase immutability-promise and threaten to sue everyone who opposes it
-market sends it into the abyss
-the end-
-create 'too big to fail' by accident because of hype and greed
-get bug-exploited (ignored experts raising red flags)
-consider splitting the network, introduce blacklisting, erase immutability-promise and threaten to sue everyone who opposes it
-market sends it into the abyss
-the end-
Just to reiterate
Theft is theft. Forget blockchain ideologies.
If the theft of etherium/dao is allowed to go ahead, then should etherium be worth anything?
It would accept stealing as ok and the norm, and be seen to reward such behavior.
A thief should be brought to justice not rewarded. It was an accepted part of the dao that funds wouldn't be released accept for consensus of the dao, not consensus of anyone else. If someone hacked any institution because its security was lax, it would be theft just the same, and the same goes for anything else. There is no such thing as a fair flaw.
This is a theft that can be stopped, so if developers can stop it but choose not to, or don't use anything in their power to stop it, it can be seen as effectively aiding in the theft.
Forget blockchain ideologies they will be meaningless. Everyone take very careful analysis of what is occurring there can be consequences if the theft is allowed to continue.
And consider the effect of a thief holding such a large percentage of ether equals etherium can't be trusted in the future, as it gives power, and may if possible be used to take down the system at anytime in the future with no recourse.
Those that have unfavorably commented on my previous post have shown that they have their head so far up a computer that they have forgotten they live in the real world.
They are also making misleading assumptions about me which shows the state of logic that evolves from them.
Also to consider anyone found to be helping a theft could also be brought to justice.
There may also be ramifications to this that are hard to see at the moment that may have wider implications.
This could be over with a simple fork or whatever is needed.
You do not need to re-compute history, this is a fundamentally difference in the way etherium works, as has been stated in LBT live (thanks Mrpumperitis for link). This also doesn't need to be a president as its so early in etherums development.
Theft is theft. Forget blockchain ideologies.
If the theft of etherium/dao is allowed to go ahead, then should etherium be worth anything?
It would accept stealing as ok and the norm, and be seen to reward such behavior.
A thief should be brought to justice not rewarded. It was an accepted part of the dao that funds wouldn't be released accept for consensus of the dao, not consensus of anyone else. If someone hacked any institution because its security was lax, it would be theft just the same, and the same goes for anything else. There is no such thing as a fair flaw.
This is a theft that can be stopped, so if developers can stop it but choose not to, or don't use anything in their power to stop it, it can be seen as effectively aiding in the theft.
Forget blockchain ideologies they will be meaningless. Everyone take very careful analysis of what is occurring there can be consequences if the theft is allowed to continue.
And consider the effect of a thief holding such a large percentage of ether equals etherium can't be trusted in the future, as it gives power, and may if possible be used to take down the system at anytime in the future with no recourse.
Those that have unfavorably commented on my previous post have shown that they have their head so far up a computer that they have forgotten they live in the real world.
They are also making misleading assumptions about me which shows the state of logic that evolves from them.
Also to consider anyone found to be helping a theft could also be brought to justice.
There may also be ramifications to this that are hard to see at the moment that may have wider implications.
This could be over with a simple fork or whatever is needed.
You do not need to re-compute history, this is a fundamentally difference in the way etherium works, as has been stated in LBT live (thanks Mrpumperitis for link). This also doesn't need to be a president as its so early in etherums development.
Right, who needs secure code when you just can sue everyone? That'll teach them!
Secure code is overrated. Mob rule and some sueing will do just fine.
Just to reiterate
Theft is theft. Forget blockchain ideologies.
If the theft of etherium/dao is allowed to go ahead, then should etherium be worth anything?
It would accept stealing as ok and the norm, and be seen to reward such behavior.
A thief should be brought to justice not rewarded. It was an accepted part of the dao that funds wouldn't be released accept for consensus of the dao, not consensus of anyone else. If someone hacked any institution because its security was lax, it would be theft just the same, and the same goes for anything else. There is no such thing as a fair flaw.
This is a theft that can be stopped, so if developers can stop it but choose not to, or don't use anything in their power to stop it, it can be seen as effectively aiding in the theft.
Forget blockchain ideologies they will be meaningless. Everyone take very careful analysis of what is occurring there can be consequences if the theft is allowed to continue.
And consider the effect of a thief holding such a large percentage of ether equals etherium can't be trusted in the future, as it gives power, and may if possible be used to take down the system at anytime in the future with no recourse.
Those that have unfavorably commented on my previous post have shown that they have their head so far up a computer that they have forgotten they live in the real world.
They are also making misleading assumptions about me which shows the state of logic that evolves from them.
Also to consider anyone found to be helping a theft could also be brought to justice.
There may also be ramifications to this that are hard to see at the moment that may have wider implications.
This could be over with a simple fork or whatever is needed.
You do not need to re-compute history, this is a fundamentally difference in the way etherium works, as has been stated in LBT live (thanks Mrpumperitis for link). This also doesn't need to be a president as its so early in etherums development.
Theft is theft. Forget blockchain ideologies.
If the theft of etherium/dao is allowed to go ahead, then should etherium be worth anything?
It would accept stealing as ok and the norm, and be seen to reward such behavior.
A thief should be brought to justice not rewarded. It was an accepted part of the dao that funds wouldn't be released accept for consensus of the dao, not consensus of anyone else. If someone hacked any institution because its security was lax, it would be theft just the same, and the same goes for anything else. There is no such thing as a fair flaw.
This is a theft that can be stopped, so if developers can stop it but choose not to, or don't use anything in their power to stop it, it can be seen as effectively aiding in the theft.
Forget blockchain ideologies they will be meaningless. Everyone take very careful analysis of what is occurring there can be consequences if the theft is allowed to continue.
And consider the effect of a thief holding such a large percentage of ether equals etherium can't be trusted in the future, as it gives power, and may if possible be used to take down the system at anytime in the future with no recourse.
Those that have unfavorably commented on my previous post have shown that they have their head so far up a computer that they have forgotten they live in the real world.
They are also making misleading assumptions about me which shows the state of logic that evolves from them.
Also to consider anyone found to be helping a theft could also be brought to justice.
There may also be ramifications to this that are hard to see at the moment that may have wider implications.
This could be over with a simple fork or whatever is needed.
You do not need to re-compute history, this is a fundamentally difference in the way etherium works, as has been stated in LBT live (thanks Mrpumperitis for link). This also doesn't need to be a president as its so early in etherums development.
I agree with you that if the thief is allowed to steal the funds, then ethereum will have no future.
It will set a precedent that will undermine the entire network. Anyone arguing in favour of the dao token holders losing their funds on this forum are just people that want ethereum to fail. There are plenty of people like that here.
Are we going to have to build our clients all over again? I mean, reinstall, resync, and the whole nine yards? I mean, what should I be doing now to make this whole hardfork thing easier to manage....I really do not enjoy re-synchronizing entire blockchains....this ain't gonna be fun is it?
Just to reiterate
Theft is theft. Forget blockchain ideologies.
If the theft of etherium/dao is allowed to go ahead, then should etherium be worth anything?
It would accept stealing as ok and the norm, and be seen to reward such behavior.
A thief should be brought to justice not rewarded. It was an accepted part of the dao that funds wouldn't be released accept for consensus of the dao, not consensus of anyone else. If someone hacked any institution because its security was lax, it would be theft just the same, and the same goes for anything else. There is no such thing as a fair flaw.
This is a theft that can be stopped, so if developers can stop it but choose not to, or don't use anything in their power to stop it, it can be seen as effectively aiding in the theft.
Forget blockchain ideologies they will be meaningless. Everyone take very careful analysis of what is occurring there can be consequences if the theft is allowed to continue.
And consider the effect of a thief holding such a large percentage of ether equals etherium can't be trusted in the future, as it gives power, and may if possible be used to take down the system at anytime in the future with no recourse.
Those that have unfavorably commented on my previous post have shown that they have their head so far up a computer that they have forgotten they live in the real world.
They are also making misleading assumptions about me which shows the state of logic that evolves from them.
Also to consider anyone found to be helping a theft could also be brought to justice.
There may also be ramifications to this that are hard to see at the moment that may have wider implications.
This could be over with a simple fork or whatever is needed.
You do not need to re-compute history, this is a fundamentally difference in the way etherium works, as has been stated in LBT live (thanks Mrpumperitis for link). This also doesn't need to be a president as its so early in etherums development.
Theft is theft. Forget blockchain ideologies.
If the theft of etherium/dao is allowed to go ahead, then should etherium be worth anything?
It would accept stealing as ok and the norm, and be seen to reward such behavior.
A thief should be brought to justice not rewarded. It was an accepted part of the dao that funds wouldn't be released accept for consensus of the dao, not consensus of anyone else. If someone hacked any institution because its security was lax, it would be theft just the same, and the same goes for anything else. There is no such thing as a fair flaw.
This is a theft that can be stopped, so if developers can stop it but choose not to, or don't use anything in their power to stop it, it can be seen as effectively aiding in the theft.
Forget blockchain ideologies they will be meaningless. Everyone take very careful analysis of what is occurring there can be consequences if the theft is allowed to continue.
And consider the effect of a thief holding such a large percentage of ether equals etherium can't be trusted in the future, as it gives power, and may if possible be used to take down the system at anytime in the future with no recourse.
Those that have unfavorably commented on my previous post have shown that they have their head so far up a computer that they have forgotten they live in the real world.
They are also making misleading assumptions about me which shows the state of logic that evolves from them.
Also to consider anyone found to be helping a theft could also be brought to justice.
There may also be ramifications to this that are hard to see at the moment that may have wider implications.
This could be over with a simple fork or whatever is needed.
You do not need to re-compute history, this is a fundamentally difference in the way etherium works, as has been stated in LBT live (thanks Mrpumperitis for link). This also doesn't need to be a president as its so early in etherums development.
Not a good news for hard fork supporters:
Ethereum protocol developer holds $114,877 worth of DAO tokens
(most probably he is Gavin, I hope he is not)
http://aakilfernandes.github.io/ethereum-protocol-developer-holds-114877-dollars-worth-of-dao-tokens
Ethereum protocol developer holds $114,877 worth of DAO tokens
(most probably he is Gavin, I hope he is not)
http://aakilfernandes.github.io/ethereum-protocol-developer-holds-114877-dollars-worth-of-dao-tokens
forget the forks
lets put a HARD KNIFE at the belly of THE DAO to finish it ones and for all...haha
lets put a HARD KNIFE at the belly of THE DAO to finish it ones and for all...haha
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