Topic: ETH hardfork incoming. - page 10. (Read 19067 times)

I agree with you. We need more decentralised decision making. And the new programs have to be checked properly.

I support a hard fork, but I no longer support ethereum. Their dream and vision was nice but their implementations are flawed for so many reasons. I viewed them as a respectable team, but they don't know what they're doing, they're still learning and trying to figure this out. Even the former CEO of Ethereum said Vitalik had made a 'rookie' mistake, both by backing and hyping this project and then his own reactions to the event. He's new at this. Truth is not all founders are meant to be CEO and being able to write code and create a language doesn't mean you're able to create something good. They'll learn from this, and maybe they'll build better or fall apart. I'm sure there are enough people in the ethereum community who have enough trust and faith in Ethereum for it to slowly be earned back. Whether they build better or not, I don't know. I already have a problem with having to purchase an altcoin in order to send/transact with another altcoin so Ethereum in practice is just a nuisance to me. Plus now every other app including the digixdao is citing possible vulnerabilities as a result of Ethereum's issues. Definitely doesn't look good right now to say, "Built with Ethereum". We'll see when Serenity is released if that changes as they gain more experience.

I bet when a chain has 60% of the mining power, all the miners will mine that chain. Most miners are for the money.

I do not think so. The old Ethreum chain could have very  low hash rate and it is vulnable to be 51% attacked.

But is the hacker from Swizerland as well? How about the DAO owner who have their coins stolen by the hackers?

This is 100% accurate

eth is out the window already with the SF:


So the SF already was an illegal confiscation of funds under swiss law while the hacker just executed a contract they offered. So basically Vitalik and his friends are the thiefs, not the one executing their code.

this is very special occasion. That shows the support of the community to alleviate the loss caused by a big theft.

Please reread the question.

If they fork nobody will trust Ethereum ever again.  Curious to see how they'll resolve the hack.

If there is profit to be made, why not mine the Ethererm? But if the Ethereum is dead, nobody will mine it.

That's a bit cryptic. I think that's a 'no' for you?

Most miners will continue to mine if there is no other profitable coin to mine. Most miners invest to make profit.

After the hard fork, will anyone continue to mine the old ETH chain for ideological reasons?

It is well documented how one can do a coinvote and there are already services that do this.
In bitcoin land we consider economic full nodes to ultimately be in control and not miners. Miners can be discarded if they betray the users quite quickly.

 It will be interesting to see what direction the Ethereum community decides but they are headed in a very dangerous direction.

He said "A Bailout Needs a Coin Vote". How do we do coin vote? I thought the miners determines the fork.

https://petertodd.org/2016/ethereum-dao-bailout-vote

That could be right. But there still about 25% of the miners do not want to get back the funds from the thief.