Topic: The DAO FAIL - page 13. (Read 20456 times)

The present theft is committed by exploiting a flaw in the coding. Is that also a letter of the contract?

That doesn't work for smart contracts: the whole spirit of the contract is to follow the letter of the contract. No exceptions.

Wow, what a big step! Does anyone knows whether the investments into DOA are dead, too? Or is it possible to exchange them for Ether in any way. I have only got a small stake, so loss is not big but I am wondering if I still could liquidate them.

So its true. The dao did fail and is closing down.

http://www.coindesk.com/the-dao-is-closing-down/

I have been a fan of Ethereum from a little earlier in this year. I was thoroughly amazed by the smart contract technology and infrastructure for DAOs. I put a significant sum of money I had saved up in ethereum when the price was around 14$/ETH. I watched it go up and down daily but never sold. When "The DAO" came out, at first I was skeptical, but the community's approach changed my mind. Everyone was saying that it was a no-risk investment so I put all my ETH in it and to be honest I still haven't pulled out. After finding out that it was attacked, I didn't know how to act. I saw the DAO/ETH trading price falling well below 1 ETH/100 DAO tokens (which was the price I bought in). I could have sold my tokens in panic in an attempt to minimize losses then but I'd still have lost around 40% of my principal, so I just waited to see if there would be better options. DAO tokens still trade well below their presale price and the notion of a hard fork to fix this keeps seeming more and more distant as per Vitalik Butterin's words.

Through time though, I got in terms with the idea that I'm probably going to lose everything; I even got to like it. Fueling a financial revolution ain't easy, just think of how many bitcoiners have lost money to date. We're all just doing our part on bringing society closer to a bank-free future.

It depends on whether he gets sued in a jurisdiction that goes with "the spirit of the contract" or "the letter of the contract".

He did absolutely nothing wrong!
Everything was according to the rules.

More like Dead On Arrival...

DAO now is DOA, dead or alive.

DAO now is DOA, dead or alive.

So its true. The dao did fail and is closing down.

http://www.coindesk.com/the-dao-is-closing-down/

He did absolutely nothing wrong!
Everything was according to the rules.

We are talking about vast amount of money and they will definitely try to do something (for example, hard fork). I'm not sure if they can really sue him, but time will tell.

Sued by who?

A bunch of line of code cant sue anyone!

ROLF Signed message from the ethereum "hacker" http://pastebin.com/CcGUBgDG Eth = best scam ever

I think that the attacker can be sued, but that doesn't matter. DAO got hurt in a way that I didn't expected, thought I pointed out that it has too many flaws.