Topic: [ANN][LSK] Lisk | Blockchain Application Platform for JavaScript Developers - page 933. (Read 3074324 times)

Not directly related to Lisk but a very(!) interesting article about the DAO-hack and Ethereum in general (also listing some weaknesses of ETH):

Thoughts on The DAO Hack

(...)

Is Ethereum/Solidity Suitable for Secure Smart Contracts?
It's clear that writing a robust, secure smart contract requires extreme amounts of diligence. It's more similar to writing code for a nuclear power reactor, than to writing loose web code.

Yet the current Solidity language and underlying EVM seems designed more for the latter. Some misfeatures are:

A good language for writing state machines would ensure that there are no states from which it is impossible to recover.
A good language for writing state machines would make it painfully clear when state transitions can and cannot happen.
A good language for maintaining state machines would provide features for upgrading the security of a live contract.
A good language for writing secure code would make it clear that there are no implicit actions, that code executes plainly, as read.
The current language does not fulfill any of these commandments, and in fact, the last one, involving implicit recursive calls, is what did The Dao in.

The SlockIt team even had the designer and implementor of Solidity perform a review of their code. If he cannot get something like The DAO to be secure, no one can.

A re-think seems called for.

(...)

http://hackingdistributed.com/2016/06/17/thoughts-on-the-dao-hack/





Edit: Another major issue is this:


(...)

The only reason the proposal exists at all is because the Ethereum developers have personally invested in the DAO, multiple posters have argued.

The conflict threatens to bring down the credibility of the entire currency. Not only was it possible to hack the system and move millions of dollars worth out of one of the currency's main backers – raising questions of its technical competence – but the developers have proposed intervening potentially for their own financial gain in the inner workings of the entire system – raising political questions over how it is run.

http://m.theregister.co.uk/2016/06/17/digital_currency_ethereum/

http://www.hotnewhiphop.com/usher-no-limit-feat-young-thug-new-song.1970129.html

What's all the hubbub about?

Great things coming for this coin. Bring on the FUD.

I don't CARE...!!!!!

Translation= my short is getting rekt please let me shove my BS down your throat while I fuck ur bank account at the same time

HARD dump from the bag holder.
First : Because BTC price rise
Second : Because ETH dev need more money to travelling in QUBEC then gone   

Is the DAO and Ethereums failure going to help LISK grow in popularity?

Eth's dev did dump 25% of his holdings, this smells of artificial price stability.

Think about it.

BTC is still king and will be for a long time, LISK will come up during the year.

Go Lisk! Got back in recently  

I think this is why banks and other financial institutions would use Ethereum for the most part. LISK will be consumer use.

So if the problem  it occurs again think on a hard fork,  is the only alternative?

Very odd..someone maybe trying to keep the price down and had shorts open?

Not sure. LISK is seeming hotter than ever right now...

 

I have no idea, as You see in my avatar "newbie", maybe can anybody answer this question,
Thanks

Also noted
You have to wonder what this hold for lisk

wonder why?

The lisk site right now is under ddos attack

Lol looking forward to this.

Has the first day bounty distribution started?