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Topic: ETH - Hardforked - NOT Decentralized - page 5. (Read 5182 times)

legendary
Activity: 994
Merit: 1035
June 17, 2016, 07:14:44 AM
#13
Wait , so perhaps the DAO needs to be renamed to CAO - Centralized Autonomous Organizations

why? they can fork if needed, i don't understand

It is a HF to target a single address and reverse Tx's . You don't see a problem with a single person deciding this for the community? Sure the miners can reject the HF , but if the accept it than it sets a very bad precedence and even the mere suggestion or consideration of such a think should make people lose confidence in ETh devs
member
Activity: 62
Merit: 10
June 17, 2016, 07:01:05 AM
#12
Can't do it. CAO means 'fuck' in chinese, DAO - the road.

then CAO would be perfectly appropriate.
newbie
Activity: 58
Merit: 0
June 17, 2016, 06:59:45 AM
#11
Wait , so perhaps the DAO needs to be renamed to CAO - Centralized Autonomous Organizations

why? they can fork if needed, i don't understand
sr. member
Activity: 406
Merit: 250
June 17, 2016, 06:57:15 AM
#10
Wait , so perhaps the DAO needs to be renamed to CAO - Centralized Autonomous Organizations

Can't do it. CAO means 'fuck' in chinese, DAO - the road.
legendary
Activity: 994
Merit: 1035
June 17, 2016, 06:50:35 AM
#9
Wait , so perhaps the DAO needs to be renamed to CAO - Centralized Autonomous Organizations
sr. member
Activity: 565
Merit: 316
June 17, 2016, 06:49:16 AM
#8
NXT did NOT fork after the BTER hack, that was the correct decision then , and is the correct one now.

a hard fork is just not decentralised crypto currency anymore, it's something else

Castor Troy: Wheee. What a predicament.

full member
Activity: 151
Merit: 100
June 17, 2016, 06:44:10 AM
#7
NXT did NOT fork after the BTER hack, that was the correct decision then , and is the correct one now.

a hard fork is just not decentralised crypto currency anymore, it's something else
full member
Activity: 126
Merit: 100
June 17, 2016, 06:42:05 AM
#6
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.


Quoted for truth!
sr. member
Activity: 273
Merit: 250
June 17, 2016, 06:41:57 AM
#5
Quote
even if no action is taken, the attacker will not be able to withdraw any ether at least for another ~27 days (the creation window for the child DAO)

from https://blog.ethereum.org/2016/06/17/critical-update-re-dao-vulnerability/

so why a soft fork then.
it would only throw the word "decentralization" in the toilet imho
newbie
Activity: 58
Merit: 0
June 17, 2016, 06:40:14 AM
#4
so they can't fork a centralized system, why?
full member
Activity: 182
Merit: 100
June 17, 2016, 06:38:16 AM
#3
This isn't news at all ...
sr. member
Activity: 336
Merit: 250
June 17, 2016, 06:37:25 AM
#2
So I guess you got margin called on your short?
full member
Activity: 126
Merit: 100
June 17, 2016, 06:36:19 AM
#1
https://www.reddit.com/r/ethereum/comments/4oiqj7/critical_update_re_dao_vulnerability/

ETH Hardfork incoming.

THIS is not a decentralized system!


That means it takes only two nerds to exclude anyone they don't like.
They are in Russia imagine what would happen if the KGB comes and demands something.
Thats it ETH is officially dead along with DAO, this has nothing to do with a decentralised system.

I am out sleeping better with BTC.
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