DAO/ Ethereum hacked - bitcoin price? - page 2.

CoinCidental

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Si vis pacem, para bellum

Quote from: Vaccinus on June 17, 2016, 05:06:51 AM

etheruem is a scam i was always thinking about it as a scam, from the moment vitalik dumped his 1M worth in ethereum, i would not invest a penny in that thing, the fact that it is worth 1B is ridiculous, that money ~~should~~ will soon be in bitcoin

FFTY

btcxyzzz

legendary

Activity: 888

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Monero - secure, private and untraceable currency.

Quote from: OmegaStarScream on June 17, 2016, 04:06:42 AM

As you can see , those three coins who came from nowhere and bypassed all other altcoins are going down. They are simply a pure manipulation ..and here is how they went down in the last 24 hours :

Diagnosis: Litecoin bagholder.

Foxpup

legendary

Activity: 4536

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Vile Vixen and Miss Bitcointalk 2021-2023

Quote from: glerant on June 17, 2016, 05:59:45 AM

Why do all the OP starting new threads on the DAO exploit mention Ethereum? - there are no exploits or attacks ongoing with Etherium.

Because there are rumours that it will be "fixed" by rolling back Ethereum's blockchain, which would be Very Bad.

clickerz

hero member

Activity: 1414

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Backed.Finance

'This ETh - Dao news is big today even on exchange trollbox. What really happened? Hope they will fully recover after this "attack"? While bitcoin is fast rising, here we are monitoring this coins. Hope will not result into too much loses.

glerant

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Quote from: gravitate on June 17, 2016, 04:00:24 AM

So the DAO is getting drained as we speak. 150 million investment into crypto gone just like that.

So how will this effect the bitcoin price?

Why do all the OP starting new threads on the DAO exploit mention Ethereum? - there are no exploits or attacks ongoing with Etherium.

Foxpup

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Vile Vixen and Miss Bitcointalk 2021-2023

Quote from: Lauda on June 17, 2016, 05:37:17 AM

In the mean-time Vitalik has tried to get all trading to stop. This is not what is supposed to happen in a decentralized system, nobody should have that much authority.

It's only until he rolls back the chain, then it'll be us bitcoin holders' turn to start panicking. Undecided

RawDog

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Quote from: Lauda on June 17, 2016, 05:49:30 AM

Quote from: mayax on June 17, 2016, 05:46:45 AM

if you have money in a shit "decentralized system", would you prefer to lose all your funds or accepting that someone can stop the tradings and returning your funds back ?

Subjective bias is invalid in this argument. In other words, ETH is not decentralized. The hacker is the lesser evil here.

Bitcoin is also not decentralized. G.Maxwell and Blockstream own it by way of consent from some skinny feeble Chinese miners who amassed way too much power in one place. Bitcoin is even more fucked that ETH. At least ETH has a cooperating team building great shit. Bitcoin has awesome in-fighting and zero progress over about two years.

Lauda

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Activity: 2674

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Terminated.

Quote from: mayax on June 17, 2016, 05:46:45 AM

if you have money in a shit "decentralized system", would you prefer to lose all your funds or accepting that someone can stop the tradings and returning your funds back ?

Subjective bias is invalid in this argument. In other words, ETH is not decentralized. The hacker is the lesser evil here.

mayax

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Activity: 1470

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Quote from: Lauda on June 17, 2016, 05:37:17 AM

In the mean-time Vitalik has tried to get all trading to stop. This is not what is supposed to happen in a decentralized system, nobody should have that much authority.

if you have money in a shit "decentralized system", would you prefer to lose all your funds or accepting that someone can stop the tradings and returning your funds back ?

Lauda

legendary

Activity: 2674

Merit: 2965

Terminated.

In the mean-time Vitalik has tried to get all trading to stop. This is not what is supposed to happen in a decentralized system, nobody should have that much authority.

Its About Sharing

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Antifragile

Quote from: gravitate on June 17, 2016, 05:25:39 AM

Good time to buy lisk lol

True, but it got knocked down more than Ethereum! Now recovered more.
If it had happened with LISK, I think they could have tried to just kill the sidechain.

Found this "but so far it seams that hackers ETH are locked in that child DAO contract and can't just be sent anywhere else and dumped"
So, looks like the Hacker just created a scare.

gravitate

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Good time to buy lisk lol

RawDog

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Quote from: OmegaStarScream on June 17, 2016, 05:16:16 AM

I'm the only one who thinks this is pure manipulation ? how can you guys tell that this is not another "we got hacked" scenario ?

Because the entire Ethereum team is shitting bricks trying to stop it. It is not a scam. It is a major hack attack. First of many to come.

BitTyro

sr. member

Activity: 280

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Quote from: pedrog on June 17, 2016, 05:12:17 AM

WOW, this is huge!

Why is this affecting all other markets and not only Ether/Ethereum markets?

That was what I'm thinking too. Even lisk was down 14% at some point.

Many uninformed holders are having a panick attacked hence they dump all their altcoins? Almost all coins in Poloniex are in blood bath.

OmegaStarScream

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I'm the only one who thinks this is pure manipulation ? how can you guys tell that this is not another "we got hacked" scenario ?

pedrog

legendary

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WOW, this is huge!

Why is this affecting all other markets and not only Ether/Ethereum markets?

partysaurus

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Activity: 574

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Quote from: Vaccinus on June 17, 2016, 05:06:51 AM

etheruem is a scam i was always thinking about it as a scam, from the moment vitalik dumped his 1M worth in ethereum, i would not invest a penny in that thing, the fact that it is worth 1B is ridiculous, that money should be in bitcoin

could not agree more. vitalik dumping 1m was the thing that got me to go the other way.

Vaccinus

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Activity: 406

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etheruem is a scam i was always thinking about it as a scam, from the moment vitalik dumped his 1M worth in ethereum, i would not invest a penny in that thing, the fact that it is worth 1B is ridiculous, that money should be in bitcoin

BitMaxz

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Playbet.io - Crypto Casino and Sportsbook

I think this is just the effect of bitcoin its in demand in other exchange site or almost all exchange site i think its in demand and more investors are now converting in bitcoin because they believe that bitcoin price will increase more.. thats why ethereum and DAO are decreasing..

Wendigo

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Wait so if I understand correctly DAO is an organization that has $150m at its disposal to invest in Ethereum-based projects and some hacker managed to drain $50m out of the organization's wallets? Is there a vulnerability in the Ethereum network or something went wrong with the DAO's security maintenance? I have been out of the Ethereum loop for a while and now I am reading that the DAO operators are helpless at figuring out the hack this is hilarious. Here is the address with the hacked ETH: http://etherscan.io/address/0x304a554a310c7e546dfe434669c62820b7d83490

Topic: DAO/ Ethereum hacked - bitcoin price? - page 2. (Read 3501 times)