Topic: ETH = Game Over - page 24. (Read 40482 times)

I agree with you. But in this democratic world, no vote, no power. We should persuade all the miners to vote.

Please don't tell me that it only needed 20% of pro-fork votes to force 100% the miners in that pool to follow their will?

Everyone who doesn't vote should of course count as a no vote. But instead they just don't care about what they want, but they still use the hashrate of the non voters to enforce the fork? Thats not fair and it is not democratic!

The same game with ethermine.org...

According to the http://ethpool.org/stats/votes, 25% of the miners voted. 80% of them support the soft fork.

Any idea about what percentage of miners actually voted?

About 80% of the miners who voted support the soft fork. Is there any progress about implementing the fork?

I do not think the miners will be sued. It is action of getting money back from thieves. They will be praised.

Will the miners all over the world be sued? Could be be sued by the attacker or the Ethereum holder, or DAO holder?

Legalities? Under what country will they be brought???

The price will slowly dwindle down and so will the volume. Anyone stuffing money in ETH at this point is either delusional, in denial, or were conned into believing it would someday rise again. The legalities haven't even set in yet. Wait until class action lawsuits enter the picture and a federal or state investigation begins.

ETH trash is made for fast profit only, there are some whales in, and the whales wants the price pumping and dumping to make tons of money like they are doing since this trashcoin born

ETH hacked, DAO hacked? serious? accident or purposely to make the prices go down? whales buy cheap and then pump the prices again.......

ETH was "allegedly" hacked

100% "purpose"

Sorry for the bad english and stay alway this pyramid pump and dump scam trash coin.

DAO has been hacked/exploited, and Ethereum is rapidly losing trust in their developers, as they want to introduce an ETH hardfork to reverse the hack. What a wonderful decentralized currency where a few people decide what happens and the entire network is subjugated to the decisions of a few. Not to mention Ethereum already has big blockchain, soon ethereum will turn into a centralized bank , if it doesnt die before that.

Here are a few important things:

1) 20 second block timer with maximum blocksize = 89 Kb, that means that the blockchain will grow in the future 375 Mb /day.

The ETH blockchain in 2 years will be bigger by 264 Gb +-

The ETH nodes will start dissapearing pretty quickly with that size, because the reindexing and all other operations you need to perform when you download and update a node, will take far too long for anyone to bother.

Soon only a few datacenters will be able to operate ETH.

2) The development is wreckless, they spend more time on going to PR events than to actually engineer the code well, first wallet softwares were buggy as hell, took years to sync, which is fair because bitcoin was buggy also at first. However instead of promoting a buggy as hell client, they should have focused on development first and then marketing.

3) Ethereum is too complex, and the more complex something is, the more attack surfaces it has. An ideal cryptocurrency has to be simple and secure. And ETH has many more 0 day bugs that we dont know of yet, so this wont be the last hack. It came out far too fast because of PR pressure. The devs should have stayed 1 more year reviewing and researching the code and make the coin secure in that time, before pushing it out to the public.

4) It's already centralized as hell, the devs can just reverse transactions like this. Sure reversing a hack is obviously good right ?, but the road to Hell is also paved with good intentions. Abusing power comes in small increments. First they only reverse hacks, and then later you find out that everyone will become censored.

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There are 3 options for ETH and in the next 27 days the devs and the ETH community will have to decide on one of them, and in my opinion the results will be the following:

1)  They decide to not hardfork in which case the thief gets away with the loot but atleast the integrity of ETH is preserved. The result will probably be a massive selloff of ETH and loss of future confidence in the ETH devs as they failed to provide secure code, it will seriously impact the future growth of ETH which they may or may not recover from.

2) They decide to hardfork, in which case all confidence will be lost in ETH, and it will probably deal a fatal blow to this currency's future, and it will shows as an example how a decentralized currency may not be so decentralized, and a warning to all future altcoin devs to change their attitude. It will impact BTC as well, and many media shills will try to put dirt on BTC's reputation as well.

3) They wait the full 27 days and in the last minute they decide 1) or 2). In this case, the panic and uncertainty will just magnify the negative effects caused by their decision, and whichever they decide upon, the effects will just be much worse.


So by logic they should decide 1) and announce it fast, since the longer they wait the more uncertainty they cause by the inaction.

That's just my honest opinion.

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I really think people should just switch over to NXT, because it's far more decentralized and it has better developers. When last time a hack happened in NXT, the developers didnt reversed the transaction. Because in the NXT community the decentralization, transparency and fungibility is the number one priority, that supercedes everything else. The police can catch the hacker with any other method and recover the funds, but the decentralization is sacred.

Ethereum will be fine... and will surpass Bitcoin market cap within 12 months.

Mt.DAO has given Ethereum Devs priceless insight into the shortcomings of Solidity and contract code pitfalls...
So by the time big pipeline apps like Augur, etc start rolling out in months they will be bulletproof.

Ethereum is miles ahead of the curve in this space...
The people that are shitting their pants are the Devs that bolted "smart contract" tits on their shit coins.

Mt.DAO has given Ethereum Devs priceless insight into the shortcomings

So by the time big pipeline apps like Augur, etc start rolling out in months they will be bulletproof.

In the attacker's original interview, he stated he stopped draining the DAO at 30% drained, as an olive branch of sorts. But this depends of course of you not stealing his rightfully gained tokens with your attempted insecure 51% attack hard fork.

Since you've all voted to steal his tokens, he is forced to drain the rest of your tokens and redistribute them to a new set of miners who will replace your existing miners.

You guys passed up the best chance you had to not lose it all.

I hardly think that ETH game is over may be the blockchain has given us another chance to reinvest in ETH.
MAY BE..MY 2 CENTS.