Pages:
Author

Topic: ETH hardfork incoming. - page 13. (Read 19065 times)

hero member
Activity: 728
Merit: 500
June 20, 2016, 07:58:16 AM
#92
"We come to you with great pleasure to now offer 2000% or 20x return contracts."

I admit my math skills are old and rusty (similar to my physique); but, none of the price break downs seem to give the type of returns initially offered.
legendary
Activity: 994
Merit: 1035
June 20, 2016, 07:50:20 AM
#91
It is getting worse. The DAOAttaker is playing with all the ethereum devs and staying one step ahead.

http://pastebin.com/9MRVDC9h

Quote
-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA256
 
Ladies and gentleman;
 
We come to you with great pleasure to now offer 2000% or 20x return contracts. You have to notify us before hand of the amount of tokens you wish to be multiplied and we will send you back a customized bytecode with a SIMPLE guide on how to successfully execute the contract and get your 2000% return from the DAO.
 
We accept payment in bitcoins or DAO tokens or ether;
 
Price Breakdown:
1) DAO token balance to multiply = 1,000 or less = 1BTC or 5,000 DAO or 50ETH
Potential Gain for Buyer - 200ETH
 
2) DAO token balance to multiply = 5,000 or less = 4BTC or 20k DAO, or 200 ETH
Potential Gain - 1000ETH
 
3) DAO token balance to multiply = 10,000 or less = 6BTC or 30k DAO, or  300ETH
Potential Gain for Buyer - 2000ETH
 
4) Anything above 10,000 will be considered by our team, and likely contain a decent premium or we may just likely reject it outright, this is aimed moreso at spreading the wealth to the smaller users, although it allows whales to do it as well, but in smaller increments.
 
**Send us an e-mail if you wish to complete this transaction; [email protected]**
 
**SERIOUS OFFER:
 
TL;DR
 
WE ARE SELLING CUSTOMIZED RECURSIVE CALL CONTRACTS OF THE DAO THAT WILL ALLOW YOU TO MULTIPLY YOUR FUNDS BY 20X.
 
DISCLOSURE: WE HAVE HUNDREDS OF OUR OWN CONTRACTS DEPLOYED WAITING TO COMPLETE A FULL HEIST OF THE DAO, WE NEED OTHER USERS TO PARTICIPATE SO IT WILL BE IMPOSSIBLE FOR THE HARD FORK TO REDISTRIBUTE FUNDS BACK
**
-----BEGIN PGP SIGNATURE-----
Version: GnuPG v2
 
iQEcBAEBCAAGBQJXZyLlAAoJEOr7aOGjIMncDsMH/ArUnU6GcAsVLkGBAduE08G+
AcKci986ehyzmC4XOPbhxtE2axxcOOQPjgeLgz6kfEHL1fiwfC5vQJZu3NQw2v/m
QZpd57KKAxZ245oz4pzJdkhM+3rqnG+JV9zow0vzp8vGGLOCpPLPL09JdsFWeL/H
qODyvPgj3TiKVpDZ9JhygrIBpOZbn3xi9j1yqEv/GDrB9wpDglz/L8egDOoQjLXB
zFabHIaha/4POEz6EdUGjeU3cA3eJpUYkU51mIRBkLDtwWo0JPxfdcsL4zELC6Ix
w4Bo3SjMJSqBDMZjC2HxXRm2VyC/iIfC4gSvmhDPq8sHm/Z8uQOt0sC01QMUXO4=
=vFi+

    -----END PGP SIGNATURE-----
hero member
Activity: 728
Merit: 500
June 20, 2016, 06:54:15 AM
#90
Article here where Vitalik Buterin acknowledges some of the ETH stolen on various other smart contracts. Apparently the problems that showed up in the DAO are wide spread.

https://blog.ethereum.org/2016/06/19/thinking-smart-contract-security/

sr. member
Activity: 357
Merit: 250
June 20, 2016, 06:48:04 AM
#89
So the miners having 51% mining power can decide the fork or any code any way. There is no moral hazard. There is no argument at all. You just need to convince the majority of the miners.

Somebody here actually understands PoW = miners are a "decentralized authority".

Ethereum miners have started voting in some pools on the "soft fork"...
The "soft fork" simply freezes all ETH transfers from the DAO contract (rendering the current "attacks" unprofitable)...
And there are roughly another 25 days left for miners to simply set a flag that locks up the DAO.

Ethpool is voting 99.4% in favor of a "soft fork" here:

http://ethpool.org/stats/votes

Looking at these numbers...
It's very likely miners will subsequently vote in a "hard fork" that will destroy the DAO... and return all ETH to investors.

Ethereum will not suffer from the same paralysis Bitcoin did post-Gox... and still does.

All the FUD you hear about "crypto purity" is from Bitcoin Maximalist Trolls...
Miners acting as a "decentralized authority" on ANY issue is at the heart of PoW.

Did they really act without political control driving their choice?


Everybody has an agenda here. Otherwise why do you post here? Just to save the Ethereum community from being destroyed?
sr. member
Activity: 336
Merit: 265
June 19, 2016, 01:36:29 PM
#88
So the miners having 51% mining power can decide the fork or any code any way. There is no moral hazard. There is no argument at all. You just need to convince the majority of the miners.

Somebody here actually understands PoW = miners are a "decentralized authority".

Ethereum miners have started voting in some pools on the "soft fork"...
The "soft fork" simply freezes all ETH transfers from the DAO contract (rendering the current "attacks" unprofitable)...
And there are roughly another 25 days left for miners to simply set a flag that locks up the DAO.

Ethpool is voting 99.4% in favor of a "soft fork" here:

http://ethpool.org/stats/votes

Looking at these numbers...
It's very likely miners will subsequently vote in a "hard fork" that will destroy the DAO... and return all ETH to investors.

Ethereum will not suffer from the same paralysis Bitcoin did post-Gox... and still does.

All the FUD you hear about "crypto purity" is from Bitcoin Maximalist Trolls...
Miners acting as a "decentralized authority" on ANY issue is at the heart of PoW.

Did they really act without political control driving their choice?

Vitalik et al are playing with fire as I pondered upthread:

https://www.youtube.com/watch?v=RHcLKrkwPLQ#t=3864

Especially listen at 1:06:15! And listen at 1:11:15 where the attorney says Vitalik (et al) is creating dangerous legal liability for himself (themselves) by being the judge!

The likely party to be sued are those who can be identified and have a pot of money.

Vitalik just propose a change to the Etheruem protocol. It is the miners who will be responsible for the restoring the money from the theft.

The court may not agree that Vitalik has no political power. Considering how much all the mETH supporters prays at his feet, I'd say it is likely the court will find that Vitalik and his accomplices are significantly in control of the enterprise. But that is just my opinion as an observer. What do others think?

And remember that the attorney pointed out that each of the 1000s of plaintiffs can sue in any one of the 1000s of jurisdictions. Someone can find a favorable judge some where!!!

This is what I specifically warned about over the past months. I can even quote where I said that jurisdiction shopping would be a PITA because one would have to defend themselves against an unbounded number of threats.

As the attorney Pamela points out, this issue could have been significantly mitigated if their attorneys had advised them to add an arbitration clause to the TOS and also had more sobering disclosures on their TOS so that plaintiffs couldn't just choose willynilly to make any sort of claim of injury in any jurisdiction.

Who set up the legal structure for Ethereum et al?  They apparently suck!

What are you doing to crypto-currency? Who will support Ethereum as it becomes the 666 coin? The attorney explains that they open the ecosystem to subpoena power by doing this. And you support the moral hazard of rewarding n00bs for not doing due diligence instead of letting them suffer a 30% haircut.

Effectively MIT's 666 ChainAnchor proposal which can be used for enforcing KYC, is a blacklist coming to crypto-currency thanks to Ethereum and The DAO:

https://www.youtube.com/watch?v=RHcLKrkwPLQ#t=2627  <--- a real attorney's explanation

Thanks Vitalik for enslaving us!

AnonyMint predicted this in 2013, Bitcoin : The Digital Kill Switch.
legendary
Activity: 994
Merit: 1035
full member
Activity: 193
Merit: 100
June 19, 2016, 07:43:32 AM
#86
Where is Vitalik now and what is his latest decision? As he's the one and only decision-maker you all have to listen to him.
Don't trust anyone but especially never trust Russians.

The miners are the decision makers. So for the DAO holders if they want to get their money back, they should become miners as well.
hero member
Activity: 749
Merit: 507
June 19, 2016, 07:14:37 AM
#85
Where is Vitalik now and what is his latest decision? As he's the one and only decision-maker you all have to listen to him.
Don't trust anyone but especially never trust Russians.
legendary
Activity: 2128
Merit: 1119
June 18, 2016, 07:48:03 PM
#84
I propose that Ethereum be renamed DoOverCoin.

Ever sent coins to the wrong address?

Ever lost your private key?

Every sent code to insecure smart contracts?

No problem! DoOverCoin has your back!




Why not VBCoin? He has absolute control over it even on the exchanges.
legendary
Activity: 2968
Merit: 1198
June 18, 2016, 07:05:27 PM
#83
I propose that Ethereum be renamed DoOverCoin.

Ever sent coins to the wrong address?

Ever lost your private key?

Every sent coins to insecure smart contracts?

No problem! DoOverCoin has your back!


legendary
Activity: 2128
Merit: 1119
June 18, 2016, 06:46:39 PM
#82
We were about to run our project on Ethereum.

After hard fork I'm not sure it is a good idea.

I don't understand how can anyone use blockchain which could be hardforked by creator's decision. Sad

Vitalik does not decide, the Ethereum community decides if they want to hard fork or not. The miners decide.

Yeah, right. VB was able to stop ETH deposits and withdraws at the exchanges with a conversation. The soft fork is opt-out, not opt-in aka default for the update. VB and his buddies lost coins so they will push everyone to "fix it". ETH is probably the most controlled coin out there. What good are ETH contracts if they can be reversed?
full member
Activity: 146
Merit: 100
June 18, 2016, 06:42:29 PM
#81
Its going to be a bit late to do  a hardfork once that eth gets dumped.  Im noticing some people are still buying atm.  I guess they never got the news yet.

The fork is for the eth in question is don't think it has anything to do with buying now
legendary
Activity: 1267
Merit: 1000
June 18, 2016, 03:52:34 PM
#80
A little incentive to "help the miners decide":

Quote
(3) the point of this pastebin is open dialog; soon we will have a smart contract to reward miners who oppose the soft fork and mines the transaction. 1 million ether + 100 btc will be shared with miners.

https://www.cryptocoinsnews.com/exclusive-full-interview-transcript-alleged-dao-attacker/
sr. member
Activity: 357
Merit: 250
June 18, 2016, 03:13:46 PM
#79
We were about to run our project on Ethereum.

After hard fork I'm not sure it is a good idea.

I don't understand how can anyone use blockchain which could be hardforked by creator's decision. Sad

Vitalik does not decide, the Ethereum community decides if they want to hard fork or not. The miners decide.
full member
Activity: 182
Merit: 100
June 18, 2016, 02:53:45 PM
#78
eth concept is broken. The devs have no idea what they are doing. It's a shitcoin and always was.
There is no way of fixing it. They need to start from scratch. They will soon admit this too.
legendary
Activity: 994
Merit: 1035
June 18, 2016, 02:36:00 PM
#77
If you already have the Ethereum, you can buy the DAO at 50% discount and make 100% profit when converting back.

You are gambling on what those ratios will be like in 27 days , and you are assuming that the price of ETH won't slide as it gets dumped for fiat/btc and that there won't be direct trades created that place others ETH ahead of your in the queue.

Honestly i dont see ETH staying very low, theres nothing wrong with it really.. this whole thing will blow over and once BTC stabilizes for a little while ETH will start rising again..

Eth contracts are riddled with Security holes and attack vectors as well. Aren't you aware?

http://hackingdistributed.com/2016/06/16/scanning-live-ethereum-contracts-for-bugs/

Turing complete and recursion allow for a tremendous amount of exploits and attack vectors. This is just getting started. What you call Ethereum's principle feature is also its greatest weakness.
full member
Activity: 153
Merit: 100
June 18, 2016, 02:27:55 PM
#76
If you already have the Ethereum, you can buy the DAO at 50% discount and make 100% profit when converting back.

You are gambling on what those ratios will be like in 27 days , and you are assuming that the price of ETH won't slide as it gets dumped for fiat/btc and that there won't be direct trades created that place others ETH ahead of your in the queue.

Honestly i dont see ETH staying very low, theres nothing wrong with it really.. this whole thing will blow over and once BTC stabilizes for a little while ETH will start rising again..
legendary
Activity: 994
Merit: 1035
June 18, 2016, 01:28:57 PM
#75
If you already have the Ethereum, you can buy the DAO at 50% discount and make 100% profit when converting back.

You are gambling on what those ratios will be like in 27 days , and you are assuming that the price of ETH won't slide as it gets dumped for fiat/btc and that there won't be direct trades created that place others ETH ahead of your in the queue.
hero member
Activity: 1638
Merit: 576
Leading Crypto Sports Betting & Casino Platform
June 18, 2016, 01:22:55 PM
#74
Hold on, if we hardfork and you can redeem DAO tokens for ETH at 100:1 again, wouldnt be a good idea to buy a bunch of DAO right now when the price is VERY low and redeem it for ETH afterwards for crazy profits?

Nope there was no proof or burn here , as those tokens are holding back ETH from hitting up the market. Once those ETH are release a certain amount of Eth users will sell out to btc or fiat out of fear of further capitulation and uncertainty. Price is likely to continue Dropping. whether you should short or not is another matter.

If you already have the Ethereum, you can buy the DAO at 50% discount and make 100% profit when converting back.
legendary
Activity: 994
Merit: 1035
June 18, 2016, 01:17:43 PM
#73
Hold on, if we hardfork and you can redeem DAO tokens for ETH at 100:1 again, wouldnt be a good idea to buy a bunch of DAO right now when the price is VERY low and redeem it for ETH afterwards for crazy profits?

Nope there was no proof or burn here , as those tokens are holding back ETH from hitting up the market. Once those ETH are release a certain amount of Eth users will sell out to btc or fiat out of fear of further capitulation and uncertainty. Price is likely to continue Dropping. whether you should short or not is another matter.
Pages:
Jump to: