Topic: [ANN][slock.it][Company] IoT meets blockchain - A TheDAO proposal - page 5. (Read 66202 times)

Trump Coin Dev Here (and investor of both) ETH/DAO:

I just want to say that whilst my project is minuscule compared to ETH/DAO in terms of value I would be absolutely mortified if something like this happened to
my project. I would be so ashamed I would absolutely be refunding people somehow. The bottom line is those devs become instant millionaires and they couldn't give a damn
about the investors when they have the money. Are we supposed believe they are sitting behind their computers working on their projects  Of course they
are not. They are partying, living the life, laughing and joking at how easy it was.

Ill give you an example of the amatuerness of some of these people. My co partner in the Trump project spotted a serious flaw in Lisks code. Max was informed and
they changed it. (And BTW max doesn't know shit...) That flaw if not discovered would have been a disaster. The greedy Fk never even gave my partner some lisk for
bringing it to his attention. This speaks volumes of their characters (greed). Oh, and the reason the chain went down when they released was because they used the
cheapest servers on the market. $15 per month, no DDOS, no protection. Yet his bank account had millions and they wouldn't pay for quality servers.......
Don't believe the fancy website complete with photos of their pals as if they are all working on their projects. All of it is BS.

Don't be a drama queen. Every new technologie needs to learn by early mistakes and experiences. New dev tools for code analyzation and coding support will be developed, documentation will be extended, knowledge shared etc.
There were heavy NASDAQ crashed due to software misbehavior. Did this cause windows, linux or c++ to fail? No, it didn't.

You also can't blame the slock.it team for things nobody else has seen as well. The error was very subtile and educates the whole dev community at whole.

The big dao revolution is canceled for now. But it will happen, it just got postponed

If you can't trust a small smart contract in Ethereum, then you are talking about no Ethereum. Is that something to "LOL" at? Is that your level or understanding or the simplicity you see in this? Black or White? Good or Evil? We are dealing with a tech that is brand knew. And though I am primarily a Bitcoin supporter, I support this whole space. So I don't want to make this A vs. B.

I think the whole smart contract thing is extremely dangerous but also promising. So, to answer your questions:
- I would trust a simpler contract wth a smaller amount at stake. I would only be willing to risk as much as is comfortable. And at this point, with open code review and extreme amounts of testing.
- I do trust the devs behind the DAO, for the most part anyway. I hope nothing malicious was done here.
- I would not trust a kid writing code (usually) but the problem there is, how would we know?

Welcome to crypto and expect more growing pains.

This is dead shit please kill it.  This is same prob always with crypto where I know it's "experiment" but please, scammers/hackers are ALWAYS THERE trying their ways to fuck everyone for btc.  THEY don't care.  YOU SHOULD.  Thus don't waste your btc's into such shady UNPROVEN projects that are incomplete.  This is why at least I feel safer with a coin and dev like WBB and a few others ONLY!!!

Judging from charts this time nobody bothers -hot pancakes lol

Really? You will trust a lock that was hacked already basically? You will trust the devs behind the DAO? Lol...it's incredible. And that's what happens with Ethereum, they have most of the ETH team as curators and most of them I'm sure looked at the DAO code and found nothing wrong. ETH proved to be a joke, their platform might be secure but it allows for bad code to be written so smart contracts are useless.

Will you trust the next DAO or dApp that ask for your money? Written by some kid in java that have a massive backdoor? Etheroll crowdfund met the same fate and Marker DAO had a similar bug...

Another attack ??

https://m.reddit.com/r/ethere...8/dao_is_under_attack_again/

I really feel it is time for the devs to make a decision and post a roadmap.

Many investors in DAO and i really hope that one way or another this project can be saved.

Bad terminology on my part, I just meant they could raise the money in a slock.it fundraiser contract.
As I said, I don't see them having a problem getting the financing though.

Why does it have to be a DAO anyway? Why can't they just create their own token and use it for fundraising?

Slock.it is a great idea. I don't see them having a big problem getting the financing. Perhaps a separate (And much much smaller DAO) can be done just for that reason.

So where does Slock.it go from here? I thought it had promise, but I would think the entire community should have lost faith in the team around it.

This is quite serious and sets precedent, amongst many other things.
Yeah, there is some trolling, but considering the seriousness of things, there seems to be little in the middle.

There are extreme opinions in both directions. Those holding lots of ETH seem to think this is not a big deal (but the price says otherwise. Down about 40% since "hack".)

On the other hand, we have people saying this is the end of Ethereum. That can't be the case, but it certainly opened up a big can of worms.
Ethereum is more than a money (wasn't made to be one but it can be used as such, just like BTC), so the simple argument of fungibility is just a part of the argument.
We are talking about changing the results of mistakes made in code (i.e. smart contracts) by either doing a hard fork (very doubtful) or some soft fix (looking likely).

They will sort this out.
Stop the end of days trolling..

People who had funds in DAO deserve what they got. They had plenty of chances to exit, but they did not take them because of greed. And what returns did they expect from a $150 mil balloon anyway?

I believe they could have kept draining the DAO but, according to the hacker, they stopped as Vitalik was talking about a hard fork.

interesting LTBTC video podcast talking about it from last night
https://www.youtube.com/watch?v=Swdb-Z_4JmI

Are there any uptodate informations, is the dao still draining or it's finished with drainage.

But this is not really true. The Ethereum team are still talking about what to do: softfork, hardfork, etc.
Maybe the DAO will be over but what is to be done regarding the Ethereum in a child DAO is still up in the air.

 tough day for the DAO bagholders ...

TheDAO, TheFork, TheFallout :


https://www.youtube.com/watch?v=Swdb-Z_4JmI