[ANN] Ethereum: Welcome to the Beginning - page 902.

lambofan

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Quote from: hamzatu on June 18, 2016, 12:47:26 PM

Did anyone else notice that this exploit was predicted ten days ago? Why wasn't something done then?

http://www.coindesk.com/dao-can-keep-becoming-next-mt-gox/

Yeah, Who would have thought that could happen.

wallflies

full member

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Quote

What the ‘Fork’ Really Means

https://blog.slock.it/what-the-fork-really-means-6fe573ac31dd#.3ra8uw1r7

Gyrsur

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Bitcoin Legal Tender Countries: 2 of 206

Quote from: M28MmickT on June 18, 2016, 01:02:42 PM

Quote from: lordoliver on June 18, 2016, 12:54:19 PM

Quote from: M28MmickT on June 18, 2016, 12:37:16 PM

Quote from: lordoliver on June 18, 2016, 12:01:58 PM

Quote from: M28MmickT on June 18, 2016, 11:25:33 AM

Let's make this clear, to the hacker:

Being decentralized means being in the power of people, not a directive board or in the code, you just stole 3.6 million ether but for nothing because you will not be able to withdraw you dumb, you can't take any legal action because people (51%) did not authorized your theft, and you said you will sue? LOL yes, sue us all 10k investors, you are speaking only fantasies. Cheesy

Then to slock it and ethereum team:

Ethereum should make a hard fork and return all ether to DAO holders, that was just a buggy code giving away money to a robber without a reason, the people behind this DAO (investors) never authorized that DAO split, otherwise I would think of an INSIDE job and I would call you all scammers, slock.it and Ethereum, and with more reason now that slock it is closing, if you don't make the roll back this will look like an scam by you.

you are the dumb. The attacker won already. because he has a 3k put on ethereum. And if we hard fork, ethers price will never recover...
I can just repeat myself. offer him the option to give 90% back.

What means your "3k put on ethereum" ?? you are more dumb than the attacker, those bugs should affect the price for sure as any other bug on technologies but thats all, your "eth price will never recover" is only your proofless especulation opinion, as any other on the speculation topic.

People don't make deals with thieves, he will get 0 ether.

90% back?, if someone gets into your hause and takes your 5 childs, you will say "hey just return me 4 of them"?? , you are very idiot.

Put means, that he actually gains, if ether drops.
It was not a bug of ethereum. The action of the attacker was not against the ethereum law. The DAO had the bad code. If we change ether because of this, the developers/miners are setting an authority, which it is not supposed to have. DAO was the decentralized authority code, but it was written wrong.
And with the child... What a comparison. We are talking about money here. Not life. So would you give your child for half a million ether?
This is negotiating. Every stakeholder will be fine with a 10% loss. I am... at the moment we lost already more than 50% of ALL funds by price decrease anyway, so what do you want... this is more than the attacker even took...

The atacker is clearly not doing it only for the money, he wants to kill DAO (which succeded) and hurt Ethereum, if he receives the funds stolen he will not return anything, I only stated than negotiating with thieves is wrong in crypto, putside life and any other environment just like the governments do, this is what can really kill ethereum if they start making deals with a supposed hacker putting us down to a cryptsy scammy exchange level.

Ethereum will never be same like before this incident either way. if they decide to HF or block the "attacker" address it's not decentralized anymore.

M28MmickT

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Activity: 433

Merit: 250

BTG CEO

Quote from: lordoliver on June 18, 2016, 12:54:19 PM

Quote from: M28MmickT on June 18, 2016, 12:37:16 PM

Quote from: lordoliver on June 18, 2016, 12:01:58 PM

Quote from: M28MmickT on June 18, 2016, 11:25:33 AM

Let's make this clear, to the hacker:

Being decentralized means being in the power of people, not a directive board or in the code, you just stole 3.6 million ether but for nothing because you will not be able to withdraw you dumb, you can't take any legal action because people (51%) did not authorized your theft, and you said you will sue? LOL yes, sue us all 10k investors, you are speaking only fantasies. Cheesy

Then to slock it and ethereum team:

Ethereum should make a hard fork and return all ether to DAO holders, that was just a buggy code giving away money to a robber without a reason, the people behind this DAO (investors) never authorized that DAO split, otherwise I would think of an INSIDE job and I would call you all scammers, slock.it and Ethereum, and with more reason now that slock it is closing, if you don't make the roll back this will look like an scam by you.

you are the dumb. The attacker won already. because he has a 3k put on ethereum. And if we hard fork, ethers price will never recover...
I can just repeat myself. offer him the option to give 90% back.

What means your "3k put on ethereum" ?? you are more dumb than the attacker, those bugs should affect the price for sure as any other bug on technologies but thats all, your "eth price will never recover" is only your proofless especulation opinion, as any other on the speculation topic.

People don't make deals with thieves, he will get 0 ether.

90% back?, if someone gets into your hause and takes your 5 childs, you will say "hey just return me 4 of them"?? , you are very idiot.

Put means, that he actually gains, if ether drops.
It was not a bug of ethereum. The action of the attacker was not against the ethereum law. The DAO had the bad code. If we change ether because of this, the developers/miners are setting an authority, which it is not supposed to have. DAO was the decentralized authority code, but it was written wrong.
And with the child... What a comparison. We are talking about money here. Not life. So would you give your child for half a million ether?
This is negotiating. Every stakeholder will be fine with a 10% loss. I am... at the moment we lost already more than 50% of ALL funds by price decrease anyway, so what do you want... this is more than the attacker even took...

The atacker is clearly not doing it only for the money, he wants to kill DAO (which succeded) and hurt Ethereum, if he receives the funds stolen he will not return anything, I only stated than negotiating with thieves is wrong in crypto, outside life and any other environment just like the governments do (the few correct things governments do), this is what can really kill ethereum if they start making deals with a supposed hacker putting us down to a cryptsy scammy exchange level.

lordoliver

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Activity: 1666

Merit: 1020

expect(brain).toHaveBeenUsed()

Quote from: M28MmickT on June 18, 2016, 12:37:16 PM

Quote from: lordoliver on June 18, 2016, 12:01:58 PM

Quote from: M28MmickT on June 18, 2016, 11:25:33 AM

Let's make this clear, to the hacker:

Being decentralized means being in the power of people, not a directive board or in the code, you just stole 3.6 million ether but for nothing because you will not be able to withdraw you dumb, you can't take any legal action because people (51%) did not authorized your theft, and you said you will sue? LOL yes, sue us all 10k investors, you are speaking only fantasies. Cheesy

Then to slock it and ethereum team:

Ethereum should make a hard fork and return all ether to DAO holders, that was just a buggy code giving away money to a robber without a reason, the people behind this DAO (investors) never authorized that DAO split, otherwise I would think of an INSIDE job and I would call you all scammers, slock.it and Ethereum, and with more reason now that slock it is closing, if you don't make the roll back this will look like an scam by you.

you are the dumb. The attacker won already. because he has a 3k put on ethereum. And if we hard fork, ethers price will never recover...
I can just repeat myself. offer him the option to give 90% back.

What means your "3k put on ethereum" ?? you are more dumb than the attacker, those bugs should affect the price for sure as any other bug on technologies but thats all, your "eth price will never recover" is only your proofless especulation opinion, as any other on the speculation topic.

People don't make deals with thieves, he will get 0 ether.

90% back?, if someone gets into your hause and takes your 5 childs, you will say "hey just return me 4 of them"?? , you are very idiot.

Put means, that he actually gains, if ether drops.
It was not a bug of ethereum. The action of the attacker was not against the ethereum law. The DAO had the bad code. If we change ether because of this, the developers/miners are setting an authority, which it is not supposed to have. DAO was the decentralized authority code, but it was written wrong.
And with the child... What a comparison. We are talking about money here. Not life. So would you give your child for half a million ether?
This is negotiating. Every stakeholder will be fine with a 10% loss. I am... at the moment we lost already more than 50% of ALL funds by price decrease anyway, so what do you want... this is more than the attacker even took...

M28MmickT

sr. member

Activity: 433

Merit: 250

BTG CEO

Quote from: hamzatu on June 18, 2016, 12:47:26 PM

Did anyone else notice that this exploit was predicted ten days ago. Why wasn't something done then.

http://www.coindesk.com/dao-can-keep-becoming-next-mt-gox/

That is and for other reasons why I stated if there isn't a full Ether re-fund to investors via the fork, Devs will automatically appear as the thieves.

hamzatu

member

Activity: 70

Merit: 10

Did anyone else notice that this exploit was predicted ten days ago? Why wasn't something done then?

http://www.coindesk.com/dao-can-keep-becoming-next-mt-gox/

M28MmickT

sr. member

Activity: 433

Merit: 250

BTG CEO

Quote from: lordoliver on June 18, 2016, 12:01:58 PM

Quote from: M28MmickT on June 18, 2016, 11:25:33 AM

Let's make this clear, to the hacker:

Being decentralized means being in the power of people, not a directive board or in the code, you just stole 3.6 million ether but for nothing because you will not be able to withdraw you dumb, you can't take any legal action because people (51%) did not authorized your theft, and you said you will sue? LOL yes, sue us all 10k investors, you are speaking only fantasies. Cheesy

Then to slock it and ethereum team:

Ethereum should make a hard fork and return all ether to DAO holders, that was just a buggy code giving away money to a robber without a reason, the people behind this DAO (investors) never authorized that DAO split, otherwise I would think of an INSIDE job and I would call you all scammers, slock.it and Ethereum, and with more reason now that slock it is closing, if you don't make the roll back this will look like an scam by you.

you are the dumb. The attacker won already. because he has a 3k put on ethereum. And if we hard fork, ethers price will never recover...
I can just repeat myself. offer him the option to give 90% back.

What means your "3k put on ethereum" ?? you are more dumb than the attacker, those bugs should affect the price for sure as any other bug on technologies but thats all, your "eth price will never recover" is only your proofless especulation opinion, as any other on the speculation topic.

People don't make deals with thieves, he will get 0 ether.

90% back?, if someone gets into your hause and takes your 5 childs, you will say "hey just return me 4 of them"?? , you are very idiot.

shojayxt

legendary

Activity: 896

Merit: 1001

Quote from: Its About Sharing on June 18, 2016, 11:06:26 AM

I can see that fungibility is a very important aspect of both a money and a decentralized programmable platform.

I think Ethereum would be better off to just let the thief make off with the coin. Try somehow to allow for tracking so they can bust him.
But a rollback or software fix is the end but Vitalik has already made that statement.
Ouch.

I'm curious as to what laws were actually broken that this individual could be prosecuted for and if there were any laws that were broken what entity would have jurisdiction for prosecution.

Regardless, this is certainly the biggest mess to befall cryptocurrency since Mt Gox. The amount of value that has evaporated is staggering.

digi123

full member

Activity: 236

Merit: 100

Quote from: M28MmickT on June 18, 2016, 11:25:33 AM

Let's make this clear, to the hacker:

Being decentralized means being in the power of people, not a directive board or in the code, you just stole 3.6 million ether but for nothing because you will not be able to withdraw you dumb, you can't take any legal action because people (51%) did not authorized your theft, and you said you will sue? LOL yes, sue us all 10k investors, you are speaking only fantasies. Cheesy

Then to slock it and ethereum team:

Ethereum should make a hard fork and return all ether to DAO holders, that was just a buggy code giving away money to a robber without a reason, the people behind this DAO (investors) never authorized that DAO split, otherwise I would think of an INSIDE job and I would call you all scammers, slock.it and Ethereum, and with more reason now that slock it is closing, if you don't make the roll back this will look like an scam by you.

Agree.
Letting anyone get away with this would be madness and the most detrimental outcome.

xxxgoodgirls

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Activity: 1092

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Is the hardfork going to happen for sure?

itismoney4me

member

Activity: 103

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Quote from: Its About Sharing on June 18, 2016, 11:06:26 AM

I can see that fungibility is a very important aspect of both a money and a decentralized programmable platform.

I think Ethereum would be better off to just let the thief make off with the coin. Try somehow to allow for tracking so they can bust him.
But a rollback or software fix is the end but Vitalik has already made that statement.
Ouch.

Agreed it hurts but it's true Undecided

lordoliver

legendary

Activity: 1666

Merit: 1020

expect(brain).toHaveBeenUsed()

Quote from: M28MmickT on June 18, 2016, 11:25:33 AM

Let's make this clear, to the hacker:

Being decentralized means being in the power of people, not a directive board or in the code, you just stole 3.6 million ether but for nothing because you will not be able to withdraw you dumb, you can't take any legal action because people (51%) did not authorized your theft, and you said you will sue? LOL yes, sue us all 10k investors, you are speaking only fantasies. Cheesy

Then to slock it and ethereum team:

Ethereum should make a hard fork and return all ether to DAO holders, that was just a buggy code giving away money to a robber without a reason, the people behind this DAO (investors) never authorized that DAO split, otherwise I would think of an INSIDE job and I would call you all scammers, slock.it and Ethereum, and with more reason now that slock it is closing, if you don't make the roll back this will look like an scam by you.

you are the dumb. The attacker won already. because he has a 3k put on ethereum. And if we hard fork, ethers price will never recover...
I can just repeat myself. offer him the option to give 90% back.

M28MmickT

sr. member

Activity: 433

Merit: 250

BTG CEO

Let's make this clear, to the hacker:

Being decentralized means being in the power of people, not a directive board or in the code, you just stole 3.6 million ether but for nothing because you will not be able to withdraw you dumb, you can't take any legal action because people (51%) did not authorized your theft, and you said you will sue? LOL yes, sue us all 10k investors, you are speaking only fantasies. Cheesy

Then to slock it and ethereum team:

Ethereum should make a hard fork and return all ether to DAO holders, that was just a buggy code giving away money to a robber without a reason, the people behind this DAO (investors) never authorized that DAO split, otherwise I would think of an INSIDE job and I would call you all scammers, slock.it and Ethereum, and with more reason now that slock it is closing, if you don't make the roll back this will look like an scam by you.

Its About Sharing

legendary

Activity: 1442

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Antifragile

I can see that fungibility is a very important aspect of both a money and a decentralized programmable platform.

I think Ethereum would be better off to just let the thief make off with the coin. Try somehow to allow for tracking so they can bust him.
But a rollback or software fix is the end but Vitalik has already made that statement.
Ouch.

MangoRush

newbie

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Ethereum is toast now. Its basic foundation is shaken. Sell now and get out.

vectisitch

legendary

Activity: 1927

Merit: 1004

all trading should be stopped at this point until a solution is implemented. people are losing too much money because of a criminal. panick selling has dropped the guts out of this already. once the hacker starts dumping our investment will be worth shit. stop the trading for now. this will stop the dumping and also stop the thief from dumping until he's found and suitably delt with

DMDCreeper

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Activity: 416

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Under no circumstances does it make sense to allow the hacker to keep the money he stole. A legitimate enterprise would go after the money and the thief. Investors would like to know that every time a thief robs this bank, the bank is going to protect the investors. Allowing a thief to keep his bounty encourages new thieves and gives the impression investors have no protection.

As an ex-banker I can promise you that if a hacker breaks into a banking system and wires money out of the bank to himself through another bank, the bank that was robbed will make every attempt to recall the money that was stolen. The central banks and other banks will cooperate to make sure the money is returned. That instills confidence in the banking system. If the only way to fix this and get the money back is a hard fork then the hard fork is the answer along with fixing the vulnerability that allowed the money to be stolen in the first place. I am not a voting member but I have an investment in ETH and I do not want to see the value of my investment destroyed because a hacker who stole ETH dumps them on the market with little concern for the market price.

AlgoSwan

sr. member

Activity: 308

Merit: 250

ancap

Quote from: Acidx on June 18, 2016, 10:22:05 AM

I wrote my thoughts on the matter in the ethereum subreddit: https://www.reddit.com/r/ethereum/comments/4ooubv/do_we_need_rconspiracy_s_help_here/?ref=share&ref_source=link

Crowd mentality changes slowly, and price patterns recur, albeit with variations. Emotional swings provide trading opportunities, while efficient markets chop up and down, offering no edge to traders, only piling up their costs. Technical analysis tools will work for you only if you have the discipline to wait for patterns to emerge. Professionals trade only when markets offer them special advantages.

Waiting ETH/USD 8.00 for a long entry

revelacaogr

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2009 Alea iacta est

Quote from: Acidx on June 18, 2016, 10:22:05 AM

I wrote my thoughts on the matter in the ethereum subreddit: https://www.reddit.com/r/ethereum/comments/4ooubv/do_we_need_rconspiracy_s_help_here/?ref=share&ref_source=link

i liked......

and what about this report?
someone knew it beforhand?
http://forklog.net/the-dao-will-give-birth-to-the-companies-that-otherwise-wouldnt-have-existed-interview-with-founder-of-slock-it/

The project, initiated by Slock.it, a startup producing smart locks, has got more than 12 million Ethers, which is worth of almost $165 million.
Thus, The DAO has made the most successful campaign in the history of crowdfunding, leaving behind other famous blockchain projects, such as Ethereum (which actually underlies The DAO) and decentralized kickstarter Waves.
However, over the course of the crowdsale’s final days, one of the Curators, Vlad Zamfir, being also one of the Ethereum developers, along with Cornell professor Emin Gün Sirer and Smartwallet founder Dino Mark released a report reviewing possible attacks on The DAO. This launched discussions within the community, and eventually resulted in a call for temporary moratorium on the DAO proposals.

report :http://hackingdistributed.com/2016/05/27/dao-call-for-moratorium/

Topic: [ANN] Ethereum: Welcome to the Beginning - page 902. (Read 2006108 times)