Topic: [ANN] Ethereum: Welcome to the Beginning - page 879. (Read 2006108 times)

I will buy back in only if it goes below $4. Too much uncertainty still, and so unproven.

can someone explain how "the dao" token can survive if the HF happens ?
with the HF they will refound the original holders of the ether and the dao is history thats the last i read.
but arent thedao tokens traded ?
what will happen with them

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.

People saying that usually means they are desperate to unload and it's going a lot lower.

Good to see a lot of doom and gloom preachers and newb accounts. Usually means people trying to buy low before a pump. LOL

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.

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

censorship ?   thats why i walk around reddit

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.

Downvoting of important and relevant info is strong in the eth-reddit, i must say.

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.