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Topic: Ethereum is now getting negative coverage in the mainstream media - page 3. (Read 2676 times)

legendary
Activity: 924
Merit: 1001
@alyssa85 You are probably Smart enought to realise its most likely a fud message for obvs reasons

Those 2000 BTC worth that was reportedly short ETH just before the attack.

Now he gets the capitulation to $7 or $1, so he can cash out BTC.

And assuming he was highly leveraged on the shorts, when he covers that will probably be the bottom. He might even go long ETH if it overshoots to the bottom side and he wants to profit off any bounce.

Also others who probably went short on the initial deadcat bounce after the flash crash to $13.

But remember don't buy until there is blood in the streets. It must get very bloody and many must panic before it is a nobrainer buy.

I didn't know about this short business, now this is starting to feel like an inside job. Surely the SEC/FBI will investigate the person(s) responsible for placing the order, if this were an SEC regulated asset that would be a no brainier.

Griff Green mentioned that there are only 500 people capable of this attack, i.e. the broad Ethereum dev community. The message also suggests someone who believed his hack was not stealing because it followed the principles of the code.

The ironic thing is the attacker could have likely keep doing small versions of this without causing the price to tanker. Makes me think it was someone who wanted to make a statement rather than a simple criminal.
legendary
Activity: 1148
Merit: 1048
@alyssa85 You are probably Smart enought to realise its most likely a fud message for obvs reasons

Those 2000 BTC worth that was reportedly short ETH just before the attack.

Now he gets the capitulation to $7 or $1, so he can cash out BTC.

And assuming he was highly leveraged on the shorts, when he covers that will probably be the bottom. He might even go long ETH if it overshoots to the bottom side and he wants to profit off any bounce.

Also others who probably went short on the initial deadcat bounce after the flash crash to $13.

But remember don't buy until there is blood in the streets. It must get very bloody and many must panic before it is a nobrainer buy.

I didn't know about this short business, now this is starting to feel like an inside job. Surely the SEC/FBI will investigate the person(s) responsible for placing the order, if this were an SEC regulated asset that would be a no brainier.
sr. member
Activity: 336
Merit: 265
@alyssa85 You are probably Smart enought to realise its most likely a fud message for obvs reasons

Those 2000 BTC worth that was reportedly short ETH just before the attack.

Now he gets the capitulation to $7 or $1, so he can cash out BTC.

And assuming he was highly leveraged on the shorts, when he covers that will probably be the bottom. He might even go long ETH if it overshoots to the bottom side and he wants to profit off any bounce.

Also others who probably went short on the initial deadcat bounce after the flash crash to $13.

But remember don't buy until there is blood in the streets. It must get very bloody and many must panic before it is a nobrainer buy. And don't catch a falling  knife.
hero member
Activity: 532
Merit: 500
@alyssa85 You are probably Smart enought to realise its most likely a fud message for obvs reasons

legendary
Activity: 1540
Merit: 1011
FUD Philanthropist™
And so he should !

Peww peew peeeeeew !!!

legendary
Activity: 1652
Merit: 1088
CryptoTalk.Org - Get Paid for every Post!
The hacker has posted a signed message:

http://pastebin.com/CcGUBgDG

Quote
To the DAO and the Ethereum community,
 
I have carefully examined the code of The DAO and decided to participate after finding the feature where splitting is rewarded with additional ether. I have made use of this feature and have rightfully claimed 3,641,694 ether, and would like to thank the DAO for this reward. It is my understanding that the DAO code contains this feature to promote decentralization and encourage the creation of "child DAOs".
 
I am disappointed by those who are characterizing the use of this intentional feature as "theft". I am making use of this explicitly coded feature as per the smart contract terms and my law firm has advised me that my action is fully compliant with United States criminal and tort law. For reference please review the terms of the DAO:

It's top quality trolling, that's for sure. He's enjoying this.
legendary
Activity: 1540
Merit: 1011
FUD Philanthropist™
AHHAHA I love it !

I want to give the hacker a big Hug + Reach around and maybe a Cleveland Steamer !

Hacker they should give you your coins you got them fairly.
..congrats on the fine job by the way Smiley

And no i am not brown nosing to warm up to the newly rich millionaire now LOL
I don't want anything from you guy..
full member
Activity: 126
Merit: 100
Dat Ni**ha deed brah
member
Activity: 106
Merit: 10
At this point I'd like to thank you for pointing out the flaws in DAO before the shit truly hit the fan, did not put a dime in because of this. *thumbs up*

Well, it hit the fan outright hard already...
sr. member
Activity: 257
Merit: 250
With just 27 days to go before the proposed solution becomes ineffective, the digi-currency sits at an extraordinary crossroads: intervene and risk undermining the entire currency, or let the theft pass and risk undermining the entire currency

Checkmate.

^This

At this point I'd like to thank you for pointing out the flaws in DAO before the shit truly hit the fan, did not put a dime in because of this. *thumbs up*
sr. member
Activity: 336
Merit: 265
With just 27 days to go before the proposed solution becomes ineffective, the digi-currency sits at an extraordinary crossroads: intervene and risk undermining the entire currency, or let the theft pass and risk undermining the entire currency

Checkmate.
legendary
Activity: 1652
Merit: 1088
CryptoTalk.Org - Get Paid for every Post!
Here is the New York Times:

http://www.nytimes.com/2016/06/18/business/dealbook/hacker-may-have-removed-more-than-50-million-from-experimental-cybercurrency-project.html?_r=0

The Wall Street Journal:

http://www.wsj.com/articles/investment-fund-based-on-digital-currency-to-wind-down-after-alleged-hack-1466175033

The register:

http://www.theregister.co.uk/2016/06/17/digital_currency_ethereum/

Quote
Digital currency Ethereum may have less than a month to live.

...The conflict threatens to bring down the credibility of the entire currency. Not only was it possible to hack the system and move millions of dollars worth out of one of the currency's main backers – raising questions of its technical competence – but the developers have proposed intervening potentially for their own financial gain in the inner workings of the entire system – raising political questions over how it is run.

The uncertainty is keenly reflected in the currency's price – it has dropped more than 30 per cent since the news broke and continues to drop as the community debates what to do.

With just 27 days to go before the proposed solution becomes ineffective, the digi-currency sits at an extraordinary crossroads: intervene and risk undermining the entire currency, or let the theft pass and risk undermining the entire currency
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