All of the present options for rescue "are made possible by the time-based failsafes that Christoph Jentzsch wisely implemented into DAO Framework v1.0".
https://blog.slock.it/white-hat-siphoning-has-occurred-what-now-f7ba2f8d20ef#.6fqexdvqv
Topic: [ANN] Ethereum: Welcome to the Beginning - page 887. (Read 2007090 times)
Gavin Wood presentation hack of the DAO smart contract and options Ethereum community #dbc16
https://www.youtube.com/watch?v=KaOGtH7J0WE
Published on 21 Jun 2016
On June 20th co Founder Ethereum Gavin Wood gave a interesting presentation on the hack of the DOA smart contract.
He describes how the hack of the smart contract, unrelated to Ethereum, happend and what the options are of the community in the next 30 days.
Thanks Gav
https://www.youtube.com/watch?v=KaOGtH7J0WE
Published on 21 Jun 2016
On June 20th co Founder Ethereum Gavin Wood gave a interesting presentation on the hack of the DOA smart contract.
He describes how the hack of the smart contract, unrelated to Ethereum, happend and what the options are of the community in the next 30 days.
Thanks Gav
it was not unreleated. solidity did make the "hack" feasible. the (smart) contract was not fully described if you will say it in this way.
DAO was an idea of some romantic nerds with wet dreams. get a woman instead.
You people could have bought ETH for ~25% of the current price, but impatient people had to restart the mania too soon!
Am I wrong?
Good luck with your insane rally.
Am I wrong?
Good luck with your insane rally.
Gavin Wood presentation hack of the DAO smart contract and options Ethereum community #dbc16
https://www.youtube.com/watch?v=KaOGtH7J0WE
Published on 21 Jun 2016
On June 20th co Founder Ethereum Gavin Wood gave a interesting presentation on the hack of the DOA smart contract.
He describes how the hack of the smart contract, unrelated to Ethereum, happend and what the options are of the community in the next 30 days.
Thanks Gav
https://www.youtube.com/watch?v=KaOGtH7J0WE
Published on 21 Jun 2016
On June 20th co Founder Ethereum Gavin Wood gave a interesting presentation on the hack of the DOA smart contract.
He describes how the hack of the smart contract, unrelated to Ethereum, happend and what the options are of the community in the next 30 days.
Thanks Gav
https://np.reddit.com/r/ethereum/comments/4pc6yh/white_hat_siphoning_has_occurred_what_now/
eze111 7 points 33 minutes ago
Hard Fork recovery:
"The timeline for such a scenario would be relatively short; 1–2 weeks to implement and test the hard fork code and then another week for the community to update their clients. So after 3 weeks the refund process for all DTHs could start and everyone would get 100% of their ETH back in a guaranteed fashion."
Targeted Soft Fork recovery:
White Hat DAOs (7,630,479 ETH) in 38 days
Dark DAO (3.64 mil ETH) in 71 days
Small Dark DAOs (
ETH) in 71 days
Extra Balance (344,907 ETH) in 14 days
Im not sure on the accuracy of these dates.
I have been reading alot and i think its now time to hardfork and end all this.
The hardfork will bring many updates which will make ETH much stronger than it has ever been.
eze111 7 points 33 minutes ago
Hard Fork recovery:
"The timeline for such a scenario would be relatively short; 1–2 weeks to implement and test the hard fork code and then another week for the community to update their clients. So after 3 weeks the refund process for all DTHs could start and everyone would get 100% of their ETH back in a guaranteed fashion."
Targeted Soft Fork recovery:
White Hat DAOs (7,630,479 ETH) in 38 days
Dark DAO (3.64 mil ETH) in 71 days
Small Dark DAOs (
ETH) in 71 daysExtra Balance (344,907 ETH) in 14 days
Im not sure on the accuracy of these dates.
I have been reading alot and i think its now time to hardfork and end all this.
The hardfork will bring many updates which will make ETH much stronger than it has ever been.
https://blog.ethcore.io/how-we-find-common-ground-and-settle-our-differences/
How we find common ground and settle our differences.
22 June 2016
To look at Ethereum social media today you might think that we had somehow been invaded by some obscure political subreddit. Words like ‘principles’, ‘ideologies’, and ‘zealotry’ are being thrown around. It has been somewhat different from the collegial atmosphere that we have enjoyed in the past six months; but it is an inevitable result of the situation we find ourselves in.
There is a debate going on and it is an important one.
Unlike other posts you will read today this post is not to argue the case for one side or another but rather to re-assure everyone involved that this will be resolved and that the process for resolving this is happening right now. Here I will talk about how the Ethereum developers will build the tools for the community to resolve a situation like this - and how this process should unfold.
Let us distill the issues at hand:
There are a large number of Ethereum users who would like to change the social consensus that currently exists on the state of the Ethereum blockchain.
In particular they wish to ‘transfer’ Ether from one location into the hands of another group of individuals.
It is mooted that the only way to achieve this outcome effectively is for a new version of the client software to be built and adopted by users of the network.
Note that I am only concerned here with these three very generic sounding items; this is not about the arguments for and against - only the way it has played out so far and the way we see it continue to play out over the coming weeks.
What has happened so far:
Signalling a problem: On Friday morning it was discovered that someone had found an exploit in theDAO’s code which allowed them to drain Ether that did not belong to them. The immediate response was visceral - Ether and DAO Tokens dropped in value dramatically and social media was inundated with anxious requests for news on what was going on. Users started spamming the network with transactions to stop the attacker from drawing any more Ether out. Exchanges and other endpoints requested advice on how they should proceed. This was the first signal that a normally immutable change had been made to the blockchain which was considered undesirable/unacceptable to a (potential) majority of the people who use the network.
Response: The core developers who maintain the clients used on the public chain looked at the code that was being exploited and determined quite quickly that the attacker would not be able to seize full control of the ether for another 27 days. This meant that there was sufficient time to properly analyse the problem and see how it could be addressed. In order to buy further time to examine the issue a modification of the Parity and Geth clients was quickly coded up. This soft fork would stop Ether from leaving the attacking DAO indefinitely if the change is adopted by sufficient number of miners. This is a decision made by the network (not the developers).
Discussion begins: It becomes clear that there are options to change the state of consensus in the manner that a large faction might feel would be desirable. Positions were put forward and arguments made. Pro or anti-groups debated the merits and pitfalls. A soft fork proposal and implementation were created and debated for both Parity and Geth. A ‘Hard Fork’ proposal is made, then discussed and debated. (A group of “vigilante” DAO curators, unilaterally, launched a white hat attack, apparently in an attempt to secure the remaining funds and cripple the attacker DAO.)
What will happen next:
The first decision: With clients incorporating the soft fork amendments having been made available, the miners are in a position to make a decision on whether or not to adopt this fork. Their economic incentive is to act in the interests of the community in order to maintain the value of their mining rewards, and to herd with the largest group of miners since they are only incentivised to mine on the longest chain. It is possible that if insufficient miners choose to implement the soft fork, the stolen Ether will not be frozen. In this case the Ether will go to the attacker 27 days after his attack.
Debate continues: The parties involved will make their arguments to one another during this period. The parties and their incentives are diverse - a miner might have completely different view of the situation to, say, an exchange owner; likewise a ‘holder’ will see things very differently from, say, a dapp developer. Those who are not members of the Ethereum or DAO community per se, but perhaps fans of other crypto projects introduce additional entropy. Individuals will make decisions on what they will want to see happen.
Second signal: This debate will give the developers a clear idea of where the boundaries of the issues lie and what options users of the network would like to have available to them. Once they know the options that need to be available, they will code up a modification of Parity and Geth to give those options to users. This will likely necessitate a ‘deadline’ for the network for either changing the blockchain state or keeping it as it is. Forking or not forking.
Countdown: All types of users will be faced with a choice - no one group of users can dictate to another that the alteration should happen or not. Miners, users, exchanges and developers can ‘vote with their feet’ if necessary. A hard fork’s success is measured in the level of acceptance it garners with users.
Resolution: Exchanges, Miners and Users all pick their choice of software. A majority is formed on one side of the hard fork or the other. Users who stay on the minority version of Parity or Geth will find themselves out of consensus with the majority.
Social consensus is reached: At this point either the fork will have gone ahead or not and the network will be on one state or the other - dependent on the decisions made by the users. The network continues.
It is important to note that throughout this process the developers are not expected to remain agnostic or indifferent. They are important players in the ecosystem and will likely voice their opinions on how best to evolve the network. However, assuming they wish to protect their own existence and relevance, they will inevitably provide support to as much of the userbase as possible, even those who do not share their opinion. They will create clients that are capable of switching to a new fork if the users desire it - pretty much the greatest contribution to the common good they can make.
You can expect them to be vocal in their recommendations and professional in the work they do for you, as a member of the Ethereum community. And once this decision is made, to continue to build the best technology for you to use - regardless of the outcome.
This will be up to you and we are listening.
How we find common ground and settle our differences.
22 June 2016
To look at Ethereum social media today you might think that we had somehow been invaded by some obscure political subreddit. Words like ‘principles’, ‘ideologies’, and ‘zealotry’ are being thrown around. It has been somewhat different from the collegial atmosphere that we have enjoyed in the past six months; but it is an inevitable result of the situation we find ourselves in.
There is a debate going on and it is an important one.
Unlike other posts you will read today this post is not to argue the case for one side or another but rather to re-assure everyone involved that this will be resolved and that the process for resolving this is happening right now. Here I will talk about how the Ethereum developers will build the tools for the community to resolve a situation like this - and how this process should unfold.
Let us distill the issues at hand:
There are a large number of Ethereum users who would like to change the social consensus that currently exists on the state of the Ethereum blockchain.
In particular they wish to ‘transfer’ Ether from one location into the hands of another group of individuals.
It is mooted that the only way to achieve this outcome effectively is for a new version of the client software to be built and adopted by users of the network.
Note that I am only concerned here with these three very generic sounding items; this is not about the arguments for and against - only the way it has played out so far and the way we see it continue to play out over the coming weeks.
What has happened so far:
Signalling a problem: On Friday morning it was discovered that someone had found an exploit in theDAO’s code which allowed them to drain Ether that did not belong to them. The immediate response was visceral - Ether and DAO Tokens dropped in value dramatically and social media was inundated with anxious requests for news on what was going on. Users started spamming the network with transactions to stop the attacker from drawing any more Ether out. Exchanges and other endpoints requested advice on how they should proceed. This was the first signal that a normally immutable change had been made to the blockchain which was considered undesirable/unacceptable to a (potential) majority of the people who use the network.
Response: The core developers who maintain the clients used on the public chain looked at the code that was being exploited and determined quite quickly that the attacker would not be able to seize full control of the ether for another 27 days. This meant that there was sufficient time to properly analyse the problem and see how it could be addressed. In order to buy further time to examine the issue a modification of the Parity and Geth clients was quickly coded up. This soft fork would stop Ether from leaving the attacking DAO indefinitely if the change is adopted by sufficient number of miners. This is a decision made by the network (not the developers).
Discussion begins: It becomes clear that there are options to change the state of consensus in the manner that a large faction might feel would be desirable. Positions were put forward and arguments made. Pro or anti-groups debated the merits and pitfalls. A soft fork proposal and implementation were created and debated for both Parity and Geth. A ‘Hard Fork’ proposal is made, then discussed and debated. (A group of “vigilante” DAO curators, unilaterally, launched a white hat attack, apparently in an attempt to secure the remaining funds and cripple the attacker DAO.)
What will happen next:
The first decision: With clients incorporating the soft fork amendments having been made available, the miners are in a position to make a decision on whether or not to adopt this fork. Their economic incentive is to act in the interests of the community in order to maintain the value of their mining rewards, and to herd with the largest group of miners since they are only incentivised to mine on the longest chain. It is possible that if insufficient miners choose to implement the soft fork, the stolen Ether will not be frozen. In this case the Ether will go to the attacker 27 days after his attack.
Debate continues: The parties involved will make their arguments to one another during this period. The parties and their incentives are diverse - a miner might have completely different view of the situation to, say, an exchange owner; likewise a ‘holder’ will see things very differently from, say, a dapp developer. Those who are not members of the Ethereum or DAO community per se, but perhaps fans of other crypto projects introduce additional entropy. Individuals will make decisions on what they will want to see happen.
Second signal: This debate will give the developers a clear idea of where the boundaries of the issues lie and what options users of the network would like to have available to them. Once they know the options that need to be available, they will code up a modification of Parity and Geth to give those options to users. This will likely necessitate a ‘deadline’ for the network for either changing the blockchain state or keeping it as it is. Forking or not forking.
Countdown: All types of users will be faced with a choice - no one group of users can dictate to another that the alteration should happen or not. Miners, users, exchanges and developers can ‘vote with their feet’ if necessary. A hard fork’s success is measured in the level of acceptance it garners with users.
Resolution: Exchanges, Miners and Users all pick their choice of software. A majority is formed on one side of the hard fork or the other. Users who stay on the minority version of Parity or Geth will find themselves out of consensus with the majority.
Social consensus is reached: At this point either the fork will have gone ahead or not and the network will be on one state or the other - dependent on the decisions made by the users. The network continues.
It is important to note that throughout this process the developers are not expected to remain agnostic or indifferent. They are important players in the ecosystem and will likely voice their opinions on how best to evolve the network. However, assuming they wish to protect their own existence and relevance, they will inevitably provide support to as much of the userbase as possible, even those who do not share their opinion. They will create clients that are capable of switching to a new fork if the users desire it - pretty much the greatest contribution to the common good they can make.
You can expect them to be vocal in their recommendations and professional in the work they do for you, as a member of the Ethereum community. And once this decision is made, to continue to build the best technology for you to use - regardless of the outcome.
This will be up to you and we are listening.
Nice price recover
Yes, but why? To me this seems a whale manipulation to sell the rest of the coins before the big crash. Dao hack and Eth chain insecure, this should be dead.
Nice price recover
plz i need buy ETH insurence
good news for Ethere and DAO today , the DAO received another attack , but this time from a curator lead white hat hackers , this attack was like a secret to avoid alerting the hackers who hold the stolen Ether , the white hat hackers posted this message :
I repeat. There was an attack on the DAO so we launched our white hat counter attack. More updates will follow
and that caused the price recovering today , especially the DAO , it has risen today about 50% , and Ether now 15$ .
https://www.reddit.com/r/ethereum/comments/4p7mhc/update_on_the_white_hat_attack/ I repeat. There was an attack on the DAO so we launched our white hat counter attack. More updates will follow
and that caused the price recovering today , especially the DAO , it has risen today about 50% , and Ether now 15$ .
That is good news. Does it mean there is no need for the hard fork? Has the hacker's funds also been stolen?
The situation is changing fast. It is very confusing. That is maybe why the Ethereum price is so volatile now.
good news for Ethere and DAO today , the DAO received another attack , but this time from a curator lead white hat hackers , this attack was like a secret to avoid alerting the hackers who hold the stolen Ether , the white hat hackers posted this message :
I repeat. There was an attack on the DAO so we launched our white hat counter attack. More updates will follow
and that caused the price recovering today , especially the DAO , it has risen today about 50% , and Ether now 15$ .
https://www.reddit.com/r/ethereum/comments/4p7mhc/update_on_the_white_hat_attack/ I repeat. There was an attack on the DAO so we launched our white hat counter attack. More updates will follow
and that caused the price recovering today , especially the DAO , it has risen today about 50% , and Ether now 15$ .
That is good news. Does it mean there is no need for the hard fork? Has the hacker's funds also been stolen?
You may be aware that I am in the process of writing many "History of the First Year" books based on individual cryptocurrencies. At the moment, I am close to publishing the 6th book in the series titled "Digitalcoin - History of the First Year" (~21st June 2016). Please look at my author page on Amazon to see the books currently available (including Dogecoin):
Amazon (UK): http://www.amazon.co.uk/Mr-Chris-P.-Thompson/e/B00S5L3PVM/ref=ntt_dp_epwbk_0
Amazon (US): http://www.amazon.com/Mr-Chris-P.-Thompson/e/B00S5L3PVM/ref=ntt_dp_epwbk_0
A decision was made earlier this year to research the historical content for a book about Ethereum. In addition to initial research, a preliminary cover has been professionally designed:
Please respond to this message or private message me if you are interested.
Christopher P. Thompson
If you would like to help towards this project, please donate:
ETH: 0x9986a15a8f1eaee68edbdd4a1e12a4afb1df16f6
BTC: 1CRLy4xUZbh9rj2GPANiNNBZGZKRKLYYwJ
Amazon (UK): http://www.amazon.co.uk/Mr-Chris-P.-Thompson/e/B00S5L3PVM/ref=ntt_dp_epwbk_0
Amazon (US): http://www.amazon.com/Mr-Chris-P.-Thompson/e/B00S5L3PVM/ref=ntt_dp_epwbk_0
A decision was made earlier this year to research the historical content for a book about Ethereum. In addition to initial research, a preliminary cover has been professionally designed:
Please respond to this message or private message me if you are interested.
Christopher P. Thompson
If you would like to help towards this project, please donate:
ETH: 0x9986a15a8f1eaee68edbdd4a1e12a4afb1df16f6
BTC: 1CRLy4xUZbh9rj2GPANiNNBZGZKRKLYYwJ
yeh we need you don't we? ^^^^^^^^^ not!!!!!!
What a bloody joke this coin and DAO has become. Nothing but overpriced/overhype whale manipulation shit.
Enjoyed some nice BTC$ yes but not worth the constant hacks/bullshit/fud and fake fud prices. Good for riding waves but soon many will lose!
Get out while you still can before dao and eth whales drop everything, watch. It's so stupid how ppl can still "invest" in such coins that are proven failure!!
Enjoyed some nice BTC$ yes but not worth the constant hacks/bullshit/fud and fake fud prices. Good for riding waves but soon many will lose!
Get out while you still can before dao and eth whales drop everything, watch. It's so stupid how ppl can still "invest" in such coins that are proven failure!!
yes, all good, but now the white hat was attacked xD
This shit will never end until they hard fork it!FORK IT! FORK IT!
Yes. Hard fork it!
No, no hard fork. DAO should not be rescued because of crappy code.
Dao has huge impact on eth price, so hard fork will only make eth more stable.And you have to know that the Dao is also Vitaliks project...
They can make a movie out of all thats happening - Ethereum the movie!
Scary movie!!
yes, all good, but now the white hat was attacked xD
This shit will never end until they hard fork it!FORK IT! FORK IT!
Yes. Hard fork it!
No, no hard fork. DAO should not be rescued because of crappy code.
They can make a movie out of all thats happening - Ethereum the movie!
yes, all good, but now the white hat was attacked xD
This shit will never end until they hard fork it!FORK IT! FORK IT!
Yes. Hard fork it!
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