The attack wasn't on ETH. ETH will survive just as BTC survived it's attacks. Nothing much to see here.
Haha, eth is doomed. With or without a fork, either way Eth got hosed.
http://imgur.com/MBlS7Wr
Topic: I think Ethereum will be finished after this attack - page 12. (Read 15605 times)
Haha, eth is doomed. With or without a fork, either way Eth got hosed.
http://imgur.com/MBlS7Wr
The attack wasn't on ETH. ETH will survive just as BTC survived it's attacks. Nothing much to see here.
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.
Yes, the eth may be returned, but will the gesture ever be forgotten? Will the confidence in the system (and how easily it can be manipulated, apparently) ever be restored? Like you have said with Gox, no I don't believe so. But consider this: bitcoin had been around for quite some time with a much more active user base, and it's taken this long to shake off the shadow of Gox. How long will it take Ethereum, something so new and untried?
It is not so easy as they think. It requires the consensus from all the miners and service providers to reverse the transactions.
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.
Yes, the eth may be returned, but will the gesture ever be forgotten? Will the confidence in the system (and how easily it can be manipulated, apparently) ever be restored? Like you have said with Gox, no I don't believe so. But consider this: bitcoin had been around for quite some time with a much more active user base, and it's taken this long to shake off the shadow of Gox. How long will it take Ethereum, something so new and untried?
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.
I just voted Yes with 1800 MH/s. I do not have DAO, but in principle, I do not like the theft of other people's money.
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.
Did they really act without political control driving their choice?
Vitalik et al are playing with fire as I pondered upthread:
https://www.youtube.com/watch?v=RHcLKrkwPLQ#t=3864
Especially listen at 1:06:15! And listen at 1:11:15 where the attorney says Vitalik (et al) is creating dangerous legal liability for himself (themselves) by being the judge!
The likely party to be sued are those who can be identified and have a pot of money.
https://www.youtube.com/watch?v=RHcLKrkwPLQ#t=3864
Especially listen at 1:06:15! And listen at 1:11:15 where the attorney says Vitalik (et al) is creating dangerous legal liability for himself (themselves) by being the judge!
The likely party to be sued are those who can be identified and have a pot of money.
Vitalik just propose a change to the Etheruem protocol. It is the miners who will be responsible for the restoring the money from the theft.
The court may not agree that Vitalik has no political power. Considering how much all the mETH supporters prays at his feet, I'd say it is likely the court will find that Vitalik and his accomplices are significantly in control of the enterprise. But that is just my opinion as an observer. What do others think?
And remember that the attorney pointed out that each of the 1000s of plaintiffs can sue in any one of the 1000s of jurisdictions. Someone can find a favorable judge some where!!!
This is what I specifically warned about over the past months. I can even quote where I said that jurisdiction shopping would be a PITA because one would have to defend themselves against an unbounded number of threats.
As the attorney Pamela points out, this issue could have been significantly mitigated if their attorneys had advised them to add an arbitration clause to the TOS and also had more sobering disclosures on their TOS so that plaintiffs couldn't just choose willynilly to make any sort of claim of injury in any jurisdiction.
Who set up the legal structure for Ethereum et al? They apparently suck!
What are you doing to crypto-currency? Who will support Ethereum as it becomes the 666 coin? The attorney explains that they open the ecosystem to subpoena power by doing this. And you support the moral hazard of rewarding n00bs for not doing due diligence instead of letting them suffer a 30% haircut.
Effectively MIT's 666 ChainAnchor proposal which can be used for enforcing KYC, is a blacklist coming to crypto-currency thanks to Ethereum and The DAO:
https://www.youtube.com/watch?v=RHcLKrkwPLQ#t=2627 <--- a real attorney's explanation
Thanks Vitalik for enslaving us!
AnonyMint predicted this in 2013, Bitcoin : The Digital Kill Switch.
https://www.youtube.com/watch?v=RHcLKrkwPLQ#t=2627 <--- a real attorney's explanation
Thanks Vitalik for enslaving us!
AnonyMint predicted this in 2013, Bitcoin : The Digital Kill Switch.
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.
Market is trying to recover https://www.coingecko.com/en/price_charts/ethereum/usd
no, you are wrong etheruem against bitcoin is always bad 0.015, etheruem is recovering against usd tnx to bitcoin, completely different
Finished ? LOL
Duh..
Duh..
The Ethereum could be much better after this attack if it recovers well and attracts more talented coders to work for it.
NO.. because there has been LOTS of previous hacks and none of them ever turned out better for it.
Try some reality some time.. it's a nice change of pace Shill.
AKA: DUH
I did not realise it had many attacks before. So it has survived the previous attacks. It could survive this one as well.
Finished ? LOL
Duh..
Duh..
The Ethereum could be much better after this attack if it recovers well and attracts more talented coders to work for it.
NO.. because there has been LOTS of previous hacks and none of them ever turned out better for it.
Try some reality some time.. it's a nice change of pace Shill.
AKA: DUH
Market is trying to recover https://www.coingecko.com/en/price_charts/ethereum/usd
i think that is because bitcoin started growing, because of that ethereum is growing too so i think we might see a recover to the near price it was pretty soon most probablyi think ethereum wont be finished any time soon thus people will start buying it once again and pumping the price up, everything depends on the people only who want to hold
Market is trying to recover https://www.coingecko.com/en/price_charts/ethereum/usd
Finished ? LOL
Duh..
Duh..
The Ethereum could be much better after this attack if it recovers well and attracts more talented coders to work for it.
Finished ? LOL
Duh..
Duh..
So is that interview legitimate? If so that guy gives zero fucks and is a straight internet gangster. Not my type person, but I kinda admire him.
Mircea Popescu (MP) has a core constitution which is that every person should be responsible for themself. And he originally was adamant that he would attack any Bitcoin fork that raised the block size. He also appears to be against shitcoins and he is a Bitcoin maximalist. He sees himself as a defender of anarchism. He also is motivated by profit. I definitely agree with his anarchism/self-responsibility constitution, but if he is supporting Blockstream's Rube Goldberg complexity future-clusterfuck Troika of SegWit, Side-chains, and Lightning Networks then he and I are going to disagree!
GTFO of ETH at $12 while you still can! The deadcat bounce is topping and lower, lower we will go. Because MP is not a bullshitter. And he has very significant BTC resources > 50,000 BTC.
Another attack occurring?
https://www.reddit.com/r/ethtrader/comments/4ot3vi/warning_another_successful_attack_recursive_split/
Ethereum will not be finished, because people are greedy, stupid and gullible. What most people don't get it that ETH was already in a bubble before all this happened. I know for sure I am not touching ETH again. And not because of the technology, but because the people behind it seam to think they can get away with anything and that the purpose of the whole thing is to make Vitalik and Co billionaires.
honestly, vitalik does not stirke me as someone who is in it to get billionaire or scammer. He seems like a geeky guy. Now fellas like Stephan Tual, they do look sleazy as fuck though.
Ethereum will not be finished, because people are greedy, stupid and gullible. What most people don't get it that ETH was already in a bubble before all this happened. I know for sure I am not touching ETH again. And not because of the technology, but because the people behind it seam to think they can get away with anything and that the purpose of the whole thing is to make Vitalik and Co billionaires.
Ethereum's platform has done nothing wrong. It is the issule of the DAO's codes. Traders are not thinking rationally.
Exactly. its not ETH's fault. It shoulld be an easy money for you if you buy more ETH this time. it has proven to be a great system and will be back sooner.
its cheaper now so it must be a good time to buy.
This was Stephan Tual's baby, and he was the former CCO of the Ethereum Foundation. And look at who all the curators are. Yeah, the Ethereum foundation had nothing to do with creating this Frankentoken. 
Wonder who benefited when ETH reached it's all time high, while people were buying up ETH to get involved in this new and exciting experiment?
Ethereum's platform has done nothing wrong. It is the issule of the DAO's codes. Traders are not thinking rationally.
They were not thinking rationally when they bought into the USELESS scam coin in the first place.
And seeing some of them cash out & run is the first sign of intelligence i have seen around here in ages.
..you all gettin' smart on me ?
Done handing this scrawny little mETH head MILLIONS in YOUR Money ?
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