ETH--> FINISHED.
Must be. Especially because you've colored and bolded your letters.
The market does not care about the color. In the market, the money talks. The price of Ethereum rose 20% in the last 24 hours.
Topic: I think Ethereum will be finished after this attack - page 11. (Read 15602 times)
Must be. Especially because you've colored and bolded your letters.
The market does not care about the color. In the market, the money talks. The price of Ethereum rose 20% in the last 24 hours.
ETH--> FINISHED.
Must be. Especially because you've colored and bolded your letters.
I'm optimistic about Ethereum. I think it won't be finished.
Exactly. At least Ethereum has a united supportive community and dev base. Unlike BTC. Which only rose revelry due to pure speculation on the halvening. Expect it to crash soon after as the centralised Chinese miners (how many are there now, like 2?) crash the market. Playing the failed "community" card
Ok for one thing you are WRONG.
As i said during the height of Doge Coin's popularity..
Your so called community is a facade.. AND YOU KNOW IT (more deceitful commentary from you)
Just like Doge coin's so called "Community" it is made up of greedy profiteers
who planned from the start to dump it for profit & run when they think it's time.
Ethereum is in no way different.. actually worse because it was never intended to be a "CURRENCY"
as as some tried to make out Doge coin to be.
Further more..
The leader of the Doge coin "community" announced he was abandoning the coin..
Because of what he said was a "Lack of community support" !
YOU ..are once again competently and utterly full of fucking shit mETH head ShillTard.
AND..
The only thing in short supply with Ethereum ..is "THE SUPPLY"
How many are there going to be now ?
Hey NOOBcache, say more dumb shit so i can ride your ass like a pony and laugh at you *more*
Clown
EDIT:
I am curious do you ever get tired of me owning your ass here daily or what ?
League bitch.. LEAGUE !
Based on the sophistication of the problems/hacks of Ethereum, I don't think it will ever come back!
Even if this attack is solved, there will be peopl ethat will have already "dumped" their ethereum for a better coin that is more stable and less volatile or prone to these attacks!
Even if this attack is solved, there will be peopl ethat will have already "dumped" their ethereum for a better coin that is more stable and less volatile or prone to these attacks!
It's likely the DAO is currently too ahead of its time but I believe it will come.
No there is a mass market for it right now, but those guys have the design entirely wrong conceptually. They are off in the entirely wrong direction conceptually. And that includes Devest and any one else copying The DAO's conceptual design. And I am not going to tell you how to do correctly until I have some code ready to launch.
The problem is the way of, and the design of what you are, marketing. I will show you how to do it.
Specifically marketing a delusion broken design to n00bs, instead of marketing a seriously beneficial product to those who can use it for revolutionizing corporations.
I think Ethereum will be no more among us after this attack, the issues to it will be fixed sooner but i don't think that it will survive for longer , it will die in this year.
DAO raised ~$150M! WTF is wrong with you people?
https://bitcointalksearch.org/topic/dao-raised-150m-wtf-is-wrong-with-you-people-1518924
I think this issue only highlights the fragility of this virtual economy, because there will always be a shrewd man capable of infringing the strongest cryptography.
Let's face it: Virtual economy is just a utopia that never will be 100% reliable and secure, and these risks will remain forever.
Let's face it: Virtual economy is just a utopia that never will be 100% reliable and secure, and these risks will remain forever.
Sorry for this frank afront, but you apparently lack technical understanding and I am faulting you for willingly trying to promulgate FUD. Please don't promulgate lies. Do you understand the math and computer science?
The fragility was because Vitalik ignored all of us who told him not to release Turing-complete block chain scripting willynilly into the wild.
I think this issue only highlights the fragility of this virtual economy, because there will always be a shrewd man capable of infringing the strongest cryptography.
Let's face it: Virtual economy is just a utopia that never will be 100% reliable and secure, and these risks will remain forever.
Let's face it: Virtual economy is just a utopia that never will be 100% reliable and secure, and these risks will remain forever.
It's likely the DAO is currently too ahead of its time but I believe it will come.
No there is a mass market for it right now, but those guys have the design entirely wrong conceptually. They are off in the entirely wrong direction conceptually. And that includes Devest and any one else copying The DAO's conceptual design. And I am not going to tell you how to do correctly until I have some code ready to launch.
It's likely the DAO is currently too ahead of its time but I believe it will come.
No there is a mass market for it right now, but those Ethereum guys (including Vitalik's blogs about it) have the design entirely wrong conceptually. They are off in the entirely wrong direction conceptually. And that includes Devest and any one else copying The DAO's conceptual design. And I am not going to tell you how to do correctly until I have some code ready to launch.
I'm with you and thanks for putting it more eloquently than I ever could. I invested in DAO and agree that it should cut its loses for now. I still believe in a DAO and all that it will stand for, basically giving the little man the opportunity to invest whee only VC funds could in the past. Why others are so virulently against this right is beyond me. One day I expect after all this is blown over there will be a DAO2.0. Just with better coders.
Also, I don't know if better coding is the answer ultimately. Things need to progress on the basis that smart contract code will fail, not that it won't. There are a huge amount of use cases where the value doesn't actually have to be held by the contract.
toknormal, very astute. That is indeed part of the solution.
Minecache, the problem with The DAO is not only bad code, but also the design was game theory broken as well.
Hello Anonymint.
I see you're back.
I'm with you and thanks for putting it more eloquently than I ever could. I invested in DAO and agree that it should cut its loses for now. I still believe in a DAO and all that it will stand for, basically giving the little man the opportunity to invest whee only VC funds could in the past. Why others are so virulently against this right is beyond me. One day I expect after all this is blown over there will be a DAO2.0. Just with better coders.
Also, I don't know if better coding is the answer ultimately. Things need to progress on the basis that smart contract code will fail, not that it won't. There are a huge amount of use cases where the value doesn't actually have to be held by the contract.
toknormal, very astute. That is indeed part of the solution.
Minecache, the problem with The DAO is not only bad code, but also the design was game theory broken as well.
I'm with you and thanks for putting it more eloquently than I ever could. I invested in DAO and agree that it should cut its loses for now. I still believe in a DAO and all that it will stand for, basically giving the little man the opportunity to invest whee only VC funds could in the past. Why others are so virulently against this right is beyond me. One day I expect after all this is blown over there will be a DAO2.0. Just with better coders.
Sorry about your disappointment - didn't intend to sound mean, but I think objectively one needs to look at the mechanics of the thing above all else.
Also, I don't know if better coding is the answer ultimately. Things need to progress on the basis that smart contract code will fail, not that it won't. There are a huge amount of use cases where the value doesn't actually have to be held by the contract. The world is currently running on software code. That code is failing left right and centre, yet it doesn't cause catastrophic losses.
I think the answer lies in using software as it's always been used - for automating tedious logic in a way that if it fails it simply means things need to be done by hand instead, not that it changes outcomes catastrophically. That means a sensible mix of redundant automation and human intervention. Either of those could have prevented the DAO catastrophe.
Evolution of blockchains is one thing but smart contracts are where rocket technology was in the 1940's. There's gonna be a few 180's at 500 feet before they get into orbit on a regular basis
On balance, I've decided not to dump my Ether holdings since I think the project will probably survive this.
I'm basically anti-fork because for me that violates one of the core principles of smart contracts, but all the same it's a pretty incredible piece of technology if you've ever tried messing around with Solidity - fork or no fork.
There is one reason above all else for holding though: If Ethereum gets through this it will have survived a massive battering, meanwhile all other smart contract blockchains will have it all in front of them. Rights of passage phase is of huge value and I really don't see the work that's gone on in this project being reproduced too soon.
The real buck stops with investors in the DAO. They should loose their funds, end of story.
One of the reasons that this is such a huge clusterfuck is that the DAO was massively overvalued. People invested in an untested peice of solidity code - nothing else. The DAO had no other assets. It didn't own shares in any going concerns, had no money, no staff, no premises and no work in progress. The slightest bit of due diligence would tell you that thats a high risk investment that's worth a small premium over hot air.
Also, whatever lessons are to be learned about valuing DACs, the system worked. The losses are confined to the DAO and need to stay there IMO. Let the chips fall where they may.
It's still an exciting development environment that is unique and powerful so I think I'll probably hang onto my coins regardless of their exchange rate. (In fact I might pick up a few more cos that what Warren Buffet would do at this point
)I'm with you and thanks for putting it more eloquently than I ever could. I invested in DAO and agree that it should cut its loses for now. I still believe in a DAO and all that it will stand for, basically giving the little man the opportunity to invest whee only VC funds could in the past. Why others are so virulently against this right is beyond me. One day I expect after all this is blown over there will be a DAO2.0. Just with better coders.
On balance, I've decided not to dump my Ether holdings since I think the project will probably survive this.
I'm basically anti-fork because for me that violates one of the core principles of smart contracts, but all the same it's a pretty incredible piece of technology if you've ever tried messing around with Solidity - fork or no fork.
There is one reason above all else for holding though: If Ethereum gets through this it will have survived a massive battering, meanwhile all other smart contract blockchains will have it all in front of them. Rights of passage phase is of huge value and I really don't see the work that's gone on in this project being reproduced too soon.
The real buck stops with investors in the DAO. They should loose their funds, end of story.
One of the reasons that this is such a huge clusterfuck is that the DAO was massively overvalued. People invested in an untested peice of solidity code - nothing else. The DAO had no other assets. It didn't own shares in any going concerns, had no money, no staff, no premises and no work in progress. The slightest bit of due diligence would tell you that thats a high risk investment that's worth a small premium over hot air.
Also, whatever lessons are to be learned about valuing DACs, the system worked. The losses are confined to the DAO and need to stay there IMO. Let the chips fall where they may.
It's still an exciting development environment that is unique and powerful so I think I'll probably hang onto my coins regardless of their exchange rate. (In fact I might pick up a few more cos that what Warren Buffet would do at this point
)
I invite all ETH miners and users to begin using Emercoin. It will be switching to merged mining with BTC as well.
I'm optimistic about Ethereum. I think it won't be finished.
Exactly. At least Ethereum has a united supportive community and dev base. Unlike BTC. Which only rose revelry due to pure speculation on the halvening. Expect it to crash soon after as the centralised Chinese miners (how many are there now, like 2?) crash the market.
I'm optimistic about Ethereum. I think it won't be finished.
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.
A hard fork also gives an opportunity for those who disagree with intervention on behalf of a TBTF entity to remain on what they consider the untampered side.
Perhaps this side will also stick with PoW while the bailed out side switches to PoS.
Breaking the promised rules of Ethereum to "make whole" reckless speculators who piled into a very risky/now failed asset is making a bad situation, worse.
Jump to: