Topic: Ethereum to fix TheDAO theft. hard fork != hard fork != holy grail != roll back - page 2. (Read 2187 times)

Please don't repeat FUD.  Adjectives without reasons are what pump and dump trolls do.  You could actually refer to the code.

What are you saying? An attacker may control a majority of miners quietly without a public campaign?
(Another general concern about any blockchain?)

what else?  

The attacker is highly intelligent and well funded .

50 million is at stake.

The attack is still on going obviously. Do you not think the attacker is adding miners left and right pretending to be on your side?

Art of war son

Haha.. the difference is Satoshis code is actually secure. So, if he is young, then he's a young kid who knows what he's doing. In contrast, Eth devs are young kids that have proven to everyone they have no idea what they're doing. See the difference?

You sound like an ETH bagholder 

I was talking about whole blockchains and the obvious existence and benefit of democratic self-governance of them.

With this the fundamentals of smart contracts go for a toss. 
You are going to have people crying rollback all the time.

rollback is often associated with rolling back everything. Here precisely only one theft is meant to undo

It is ~1/3 of TheDAO's investor's funds = <4.5% of Ethereums market capitalization  <= 3 month worth of Ethereum's inflation  (mining production) , still little compared to the way Etherum price was rising in the last two years despite inflation.

https://en.wikipedia.org/wiki/Too_big_to_fail

Can i ask what's the minimum amount of coins required to be stolen for a rollback? Will you roll back for anyone or just for people who are friends with the devs?

There are similarily profitable alternatives. Given fear of (sustainable) crash in price many would (temporary) switch (besides some who may sell and switch automatically.)  Doesn't sound like you have a point (You reviewed some of those sections of code and concepts that were not written by people who do not yet have grey hair & phd? Do you know Satoshi Nakamoto's age?)

Hashrate can be up simply because its more profitable to mine Eth vs other coins. This has very little to do with the fact that the ETH dev team are a bunch of kids who don't really have a clue what they're doing

Mining hashrate increased >15% since june 17.
http://www.coinwarz.com/network-hashrate-charts/ethereum-network-hashrate-chart

"game-over" FUD-ers,  put your money where your mouth is. Make a bet on betmoose or anything.

Hard fork does not equal hard fork. It is not necessary an issue or a buzzword.  There is no "blockchain purity".  

The foundations of any blockchain as a tool are:
- opensource code (constantly evolving for example on github)  
  &  - people's choice to run it (users and miners)

Completely autonomous software is not intended.  
Ultimately the people are in charge all the time anyways.

1.
If the people running  a blockchain prove the ability to decide in consensus to fix a single theft -
(or anything they specifically decide),
 then  it does  not specifically open doors for other regulation in this or other blockchains
2.
If high influence indiviuduals, like developers or mining pool operators are a concern, then it is simply based on the assumption that many people / miners may not be agile or interested enough to decide individually which may or may not apply to any blockchain yet to any direct democracy.
3.
 It appears the main Argument to cause volatility here anymore is pump & dumping  Bitcoin vs Ethereum (possibly since people got used to win through exchanging Bitcoin and Litecoin back and forth and Ethereum is the new number 2.)
-through playing out
the charm of the bitcoin myth/undercover founder and the fractions of bitcoin users who are anarchists (or computer-god worshipers).
VS.  the charm of complete transparency and evolving direct democracy  
Let's not be a herd swinging the prices by either feeling if neither closely related to Ethereum nor Bitcoin


Specifically the Choice is:
"decide against a theft or sabotage attempt."
Or
"decide to legitimize the theft. And also decide against a significant fraction of all ethereum users,
who are repelled by the idea to fund a theft in-directly as well as all those who fell for investing in TheDAO (despite it should have stayed testing longer and collecting real funds in a simplistic smart contract or multisig wallet only)"

In the mean time,
TheDAO should publically offer the thief some "bug bounty" for the key to the funds avoiding a hard fork.
and a bigger bounty and / or no legal persecution for also revealing intention, identity or possible involvement with other crypto-news
If by chance it works, it will gain positivity/faith in society  - if not it is even easier to decide