Author

Topic: [ANN] Ethereum: Welcome to the Beginning - page 906. (Read 2006108 times)

legendary
Activity: 2758
Merit: 1075
After much thought and analysis of this situation,

I have chosen to back any decision the Ethereum team decides to take, be it a hard fork, soft fork or anything else.

I think many ETH holders that have followed the journey here for past 6months can all agree on one thing...WE HAVE FAITH IN OUR DEV TEAM.

So go on guys do what you need to... Smiley

Fresh fiat and BTC is on the way to support OUR project  Smiley
legendary
Activity: 1666
Merit: 1020
expect(brain).toHaveBeenUsed()
Hello.!!! Good news for Lisk. !!! At the end of next week will have a value 0.00080-0.00090 . Trust me...!!!!!! Confirmed by the
safely source. !!! Growth starts on Sunday evening . Lisk , Lisk , Lisk Shocked Wink Wink ... !!!!

Translation:
I am in fear, that lsk will drop even more. Please make the price grow a little, that I can get rid of my investment with less losses.

Advice from me:
Hold! It will grow really... but not so fast... you have to sit it out...
legendary
Activity: 1330
Merit: 1000
It has had over 96k btc volume over the last 24 hours on poloniex.Liquidity certainly never was a problem with ETH for margin traders.Guessing which way to go with their orders is their only issue.
sr. member
Activity: 658
Merit: 250
Hello.!!! Good news for Lisk. !!! At the end of next week will have a value 0.00080-0.00090 . Trust me...!!!!!! Confirmed by the
safely source. !!! Growth starts on Sunday evening . Lisk , Lisk , Lisk Shocked Wink Wink ... !!!!
legendary
Activity: 2758
Merit: 1075
VB on the phone ...
 
         
      lols
legendary
Activity: 1694
Merit: 1002
Go Big or Go Home.....
As usual the dbags are gloating over the drop . Such good examples of humanity aren't they?  Roll Eyes

On another note, I hope they find the dbag that orchestrated this and torture him. There is so much money lost due to the drop in ETH that I'm sure we can get a few MIL together to put out a hit on this guy. Cheesy Cheesy
legendary
Activity: 2758
Merit: 1075
https://blog.ethcore.io/our-dao-response-2/

What can be done?

Ideally, the DAO developers will find a way to extract the stolen funds without any protocol alterations (aka "hard fork"). However, such a plan, if feasible, will take time to design, test and deploy. If not feasible, an alternative approach will have to be found, quite possibly a minor hard-fork of the core protocol. Either way we have to limit the damage being done - the fastest, most effective way of doing this is through a temporary soft-fork.

A soft-fork is a minor, temporary alteration to the protocol all remnants of which can eventually be removed from the protocol with no recourse for syncing the blocks that were introduced during the period that it was in effect. Basically, it requires only the acquiescence of implementors and miners and need have no long-term repercussions, neither in terms of the code-bases nor in terms of the protocol spec.

Parity already has such a soft-fork waiting which would lock the stolen funds, preventing them from being removed, exchanged or sold.

If Christoph et al can find a way of remedying the situation through their own "attack" (DAO wars), then all is well, but what about if that is impossible or impractical? Since the DAO has no internal governance mechanism to reverse the alterations that have already happened, any kind of intervention to recover the stolen funds would take the form of a hard-fork: an alteration of the core Ethereum protocol.
Hard-fork?

A hard-fork could facilitate the return of all of the funds, dispersing them proportionately to the DAO tokens held. A remedial hard-fork could take many a form. Here's one such form: we would name a block (#1,818,181, perhaps) which would have an additional state transition, over and above transaction processing and minor reward. This state transition would have two parts:

    To return any funds illicitly transferred away from the DAO through this attack. After a soft fork halts all transactions to DAO-like contracts, a list of such attacker-DAOs can be compiled and the hard fork would simply delete those accounts, transferring their balances back to the original DAO's account.
    To alter the code of the broken DAO contract to something that purely allowed an equitable withdraw for the (non-attacking) DAO holders. I have already authored such a contract.

We could rely on miners to help out DAO holders by switching to implementations, like Parity, which include this "vigilante" fork combination. However, to help DAO holders show appreciation to the miners for helping them, I developed a DAO Rescue Bounty contract so that such interested parties can further incentivise miners to do their part in remedying the situation.

People who care could offer up their own ether as reward to miners who switch their implementations to support the hard-fork. This contract would pay out this reward to any miner on an exponentially-reducing schedule following a successful hard fork.

If this contract were adopted, Parity (and perhaps Geth?) would be altered to automatically claim the bounty on behalf of the miner - mining may become extremely profitable for a period of time immediately following the hard-fork point. The miner who mines the hard-fork would collect some proportion of the total bounty; the miner who mines the block following would get some the same proportion of the remaining bounty &c.

If the hard-fork were not to happen, no miner would get anything and the deposited funds would be refundable to the parties who put them in.

The code is available for review. Fortunately, unlike the DAO, it's very, very simple.
full member
Activity: 616
Merit: 103
what a day...not saw this much crypto action for yrs,lol

AFAIK , the funds are held in a child dao and cannot be spent for 27days and a fork is being proposed from the Slockit team.

Id like to say well done to everyone working together to help resolve this DAO issue.

ETH will get stronger because of this.

Ill be back soon with more info ,  Smiley


From a traders pov, I learnt how solid ETH is, we stayed above $1bill and now back to $1.2bill
Hold ETH or buy
Rememeber the hacker has NO ETH and worst case scenario hacker does get the ETH after 27days, i believe the market will absorb any dumps and recover very quickly.






o totaly agree with you
hold or if pos. buy
think of ether a year ago
what was it ? 25 cents ?
and now look ahead


Thats the same retarded argument you find on every falling coin. What was the price 2 months ago? 2 weeks ago? 1 year ago? only 25 cents! and look at it now! lol cut the crap off.

Eth is a big mess right now.

Yeah, man it's bagholder-central here now and will turn in to butthurt-city but people never listen. Greed makes you poor.
hero member
Activity: 574
Merit: 500
what a day...not saw this much crypto action for yrs,lol

AFAIK , the funds are held in a child dao and cannot be spent for 27days and a fork is being proposed from the Slockit team.

Id like to say well done to everyone working together to help resolve this DAO issue.

ETH will get stronger because of this.

Ill be back soon with more info ,  Smiley


From a traders pov, I learnt how solid ETH is, we stayed above $1bill and now back to $1.2bill
Hold ETH or buy
Rememeber the hacker has NO ETH and worst case scenario hacker does get the ETH after 27days, i believe the market will absorb any dumps and recover very quickly.






o totaly agree with you
hold or if pos. buy
think of ether a year ago
what was it ? 25 cents ?
and now look ahead


Thats the same retarded argument you find on every falling coin. What was the price 2 months ago? 2 weeks ago? 1 year ago? only 25 cents! and look at it now! lol cut the crap off.

Eth is a big mess right now.
full member
Activity: 616
Merit: 103
Give us a bounce, pumpers! We want a bounce!


Waaay too easy money on these shorts.  Kiss
legendary
Activity: 1078
Merit: 1000
what a day...not saw this much crypto action for yrs,lol

AFAIK , the funds are held in a child dao and cannot be spent for 27days and a fork is being proposed from the Slockit team.

Id like to say well done to everyone working together to help resolve this DAO issue.

ETH will get stronger because of this.

Ill be back soon with more info ,  Smiley


From a traders pov, I learnt how solid ETH is, we stayed above $1bill and now back to $1.2bill
Hold ETH or buy
Rememeber the hacker has NO ETH and worst case scenario hacker does get the ETH after 27days, i believe the market will absorb any dumps and recover very quickly.






o totaly agree with you
hold or if pos. buy
think of ether a year ago
what was it ? 25 cents ?
and now look ahead
full member
Activity: 126
Merit: 100
can you deposit eth or dao on the exchanges ?!
sr. member
Activity: 356
Merit: 250
DAO HACKER UPLOADED DAO HACK TO HIS YOUTUBE ACCOUNT: https://youtu.be/u1Ds9CeG-VY

Nice video!  Smiley

This was a live stream from Ethereum Headquarters during the Hack.

https://www.youtube.com/watch?v=u8qgehH3kEQ
legendary
Activity: 2758
Merit: 1075
what a day...not saw this much crypto action for yrs,lol

AFAIK , the funds are held in a child dao and cannot be spent for 27days and a fork is being proposed from the Slockit team.

Id like to say well done to everyone working together to help resolve this DAO issue.

ETH will get stronger because of this.

Ill be back soon with more info ,  Smiley


From a traders pov, I learnt how solid ETH is, we stayed above $1bill and now back to $1.2bill
Hold ETH or buy
Rememeber the hacker has NO ETH and worst case scenario hacker does get the ETH after 27days, i believe the market will absorb any dumps and recover very quickly.




legendary
Activity: 1666
Merit: 1020
expect(brain).toHaveBeenUsed()
I suggest to offer the hacker the opportunity to return 90% of the stolen eth in order to NOT hard fork. Hard forking would hurt ETH a lot so we should try to avoid it. Every dao owner can live with a small loss and learns his lesson and the hacker is still rich, so he could accept...

If we manage that fast, there even doesn't have to be a softfork...
full member
Activity: 616
Merit: 103
Hey pumpers! Give more buysupport! This spread is horrible!
full member
Activity: 616
Merit: 103
ETH, so lulz

legendary
Activity: 1078
Merit: 1000
so what's happened now exactly, etheruem or the dao was hacked?, because i dumped already i was fearing to lose all my funds
I think it was not hacking but a splitting DAO vote or something. Its not a big deal I guess. Of course DAO the biggest holders of ETH, gave this crash like selling and it may continue for a while, in worst case scenario it would be around 20%. But I don't think this to happen. All I'm saying is a temporary crash creates once in a life time opportunity to go long on ETH i guess. The problem is we don't know where will be the bottom. This is why it is so important to go with options as a protective measures. Whatever you go long ETH, simply buy enough puts to cover your losses if any crash occur again. This is what the all hedge funds are doing this over and over again to make stable profits!

i dont think it will go back to 25 cents
btw a very interesting move
we learn on the way to the future of money currencies assets or i say cryptos
and i dont think such a crash will happen in the future if the dao has such a case again
its all so new and every one is just a bit fast to panik
with time we wont react to such news with selling
hero member
Activity: 854
Merit: 1000
DAO HACKER UPLOADED DAO HACK TO HIS YOUTUBE ACCOUNT: https://youtu.be/u1Ds9CeG-VY

Nice video!  Smiley
legendary
Activity: 1708
Merit: 1049
I'm reading about a fork here: https://www.reddit.com/r/ethereum/comments/4oithy/a_too_big_to_fail_political_hard_fork_is_very/

...my question is: If there is a fork to reverse what happened, then why should anyone buy ETH right now and say "cheap coins" - if these newly bought ETH will disappear in a rollback? What am I missing?

edit: In other words, shouldn't the ideal strategy be "dump everything now for BTC, get the BTC out, and then get the ETH too after the rollback"?

After reading for a while I think I figured out the missing link. Supposedly the reversal will only be about 1 transaction (?).

Correct me if I'm wrong though.
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