Eh?
They are saying -
1) Blacklist the address with a soft fork - so hacker can't cash out.
2) Then wait and do a hard fork to get the Ether back.
It doesn't seem like DAO can recover the funds in a straight forward way..
..
I don't like.
I feel for those who lost, BUT this could be done to ANYBODY, for any reason, and all it took was Vitalik and Co's say so.. So Ethereum could be coerced with 1, maybe 2, guns to a couple of heads..
That's not cool. (And it's certainly not decentralised)
AGAIN - 'Ethereum' should stay well away. This is none of your business. Your network is doing exactly what it was meant to. And running fine. Let the chips fall.
Topic: ETH hardfork incoming. - page 16. (Read 19067 times)
Looks like there is a solution that doesn't involve a rollback after all. -> https://www.reddit.com/r/ethereum/comments/4oiqj7/critical_update_re_dao_vulnerability/
sounds really good to be honest, im curious if everything will be solved that easilyProof of Vitalik is a very efficient algo that can make quick and final decisions without debate, but it does have a tradeoff...
What a joke. The DAO switching to proof of vitalik where he can make demands to freeze all exchanges so investors cannot flee a burning building and than make arbitrary decisions like freezing peoples funds at whim. Decentralized 
yeah, a lot of people will understand that eth is not so decentralized how everyone is made to think, this step will surely have negative impact on eth in the future Looks like there is a solution that doesn't involve a rollback after all. -> https://www.reddit.com/r/ethereum/comments/4oiqj7/critical_update_re_dao_vulnerability/
great news, or that depends on what side people are on
What a joke. The DAO switching to proof of vitalik where he can make demands to freeze all exchanges so investors cannot flee a burning building and than make arbitrary decisions like freezing peoples funds at whim. Decentralized
Looks like there is a solution that doesn't involve a rollback after all. -> https://www.reddit.com/r/ethereum/comments/4oiqj7/critical_update_re_dao_vulnerability/
sounds really good to be honest, im curious if everything will be solved that easily
Looks like there is a solution that doesn't involve a rollback after all. -> https://www.reddit.com/r/ethereum/comments/4oiqj7/critical_update_re_dao_vulnerability/
Hard-fork is suicide for a coin, don't do it Vitalek!!!
Hmm..
IF they do a roll-back.. what happens to all the ETH put in exchanges and sold in the period that get's 'reset'.. ?
IF they do a roll-back.. what happens to all the ETH put in exchanges and sold in the period that get's 'reset'.. ?
The problem is related to deposits and withdrawals rather than with the actual trading. At the moment the situation is very risky for exchanges.
hard fork of ETH and it's over, they need to show some cojones like NXT did when thesir guy hacked BTER .. crypto hard forks kill credibility forever
I think that would be a very bad idea.
Can't roll-back every time someone writes a buggy contract. No matter how much is invested in it..
THIS is the HEART of crypto.
If he(Vitalik) does roll back, it means ETH is not decentralised..
There are literally 10's of thousands of other contracts running that have no issue at all.
Can't roll-back every time someone writes a buggy contract. No matter how much is invested in it..
THIS is the HEART of crypto.
If he(Vitalik) does roll back, it means ETH is not decentralised..
There are literally 10's of thousands of other contracts running that have no issue at all.
Not only that. If they roll back, Ethereum will be one big joke in crypto. But it could be doomed either way. They continue, it's bad, Ethereum's pet project the DAO loses over a hundred million. If they roll back, it's laughable, and they're viewed as incompetent fools.
This is a bad time. I hope they figure this out real quick and that no one loses their investment. I feel fr those people who are invested.
They will roll it back and try to spend the next year in 'glossing it over' hoping the glamor has not rubbed off and another pump to save their reputation..bet on it
If they do that, then I can't see a serious dev working on a serious project using Ethereum as their base platform. They should keep calm and think this through.
This is very interesting..
As they say - IF they can somehow 'FIX' this.. (rollback / blacklist / some other thing) it means any government that wants it's ETH back can 'FIX' that too.. very dangerous.
I think Ethereum should 'NOT GET INVOLVED'. At all. The truth is that the ETH network is running completely fine.
Let DAO sort it out if they can. And if not.. a lesson learned.
hmm..
This will probably send us(crypto) back a few years in credibility though..
Looks like there is a fix though, seems the stolen eth cant be sold for a while. It may give them time to fix it.
A hardfork would be the worst thing they can do, it would be better to try and salvage what is left after this in some other way.
A hardfork would be the worst thing they can do, it would be better to try and salvage what is left after this in some other way.
I think that would be a very bad idea.
Can't roll-back every time someone writes a buggy contract. No matter how much is invested in it..
THIS is the HEART of crypto.
If he(Vitalik) does roll back, it means ETH is not decentralised..
There are literally 10's of thousands of other contracts running that have no issue at all.
Can't roll-back every time someone writes a buggy contract. No matter how much is invested in it..
THIS is the HEART of crypto.
If he(Vitalik) does roll back, it means ETH is not decentralised..
There are literally 10's of thousands of other contracts running that have no issue at all.
Not only that. If they roll back, Ethereum will be one big joke in crypto. But it could be doomed either way. They continue, it's bad, Ethereum's pet project the DAO loses over a hundred million. If they roll back, it's laughable, and they're viewed as incompetent fools.
This is a bad time. I hope they figure this out real quick and that no one loses their investment. I feel fr those people who are invested.
They will roll it back and try to spend the next year in 'glossing it over' hoping the glamor has not rubbed off and another pump to save their reputation..bet on it
I think that would be a very bad idea.
Can't roll-back every time someone writes a buggy contract. No matter how much is invested in it..
THIS is the HEART of crypto.
If he(Vitalik) does roll back, it means ETH is not decentralised..
There are literally 10's of thousands of other contracts running that have no issue at all.
Can't roll-back every time someone writes a buggy contract. No matter how much is invested in it..
THIS is the HEART of crypto.
If he(Vitalik) does roll back, it means ETH is not decentralised..
There are literally 10's of thousands of other contracts running that have no issue at all.
Not only that. If they roll back, Ethereum will be one big joke in crypto. But it could be doomed either way. They continue, it's bad, Ethereum's pet project the DAO loses over a hundred million. If they roll back, it's laughable, and they're viewed as incompetent fools.
This is a bad time. I hope they figure this out real quick and that no one loses their investment. I feel fr those people who are invested.
Hmm..
IF they do a roll-back.. what happens to all the ETH put in exchanges and sold in the period that get's 'reset'.. ?
IF they do a roll-back.. what happens to all the ETH put in exchanges and sold in the period that get's 'reset'.. ?
They can't do it, it's not decentralised if they are going to do shit like this. No one is going to invest seriously if a couple of nerds can reset all the stuff. They are going to kill ETH along with DAO.
can you kill a 1.3B marketcap coin?
They can't do it, it's not decentralised if they are going to do shit like this. No one is going to invest seriously if a couple of nerds can reset all the stuff. They are going to kill ETH along with DAO.
Agree.
It looks like DAO is finished - I feel bad for DAO investors, however that is one thing and future lessons will be learned.
However it would be a huge mistake for ETH devs to jump in without due diligence (something DAO team and investors may have done more of) and compound the DAO failure by trashing any confidence in ETH.
Maybe there should be voting on whether to allow smart contracts to proceed and on a time delay before they are allowed to start?
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.
TheDao is not ETH. They are betting that ETH will survive whatever happens to the DAO. It is a sensible bet IMHO.
If those hacked eth taht have come out of the dao get dumped then eth will plummet much further than it has already. Eth will still be alive but dumped down to very low prices.
The next dogecoin? lol
Jump to: