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Topic: The DAO FAIL - page 3. (Read 20467 times)

legendary
Activity: 4354
Merit: 3614
what is this "brake pedal" you speak of?
August 12, 2016, 10:59:43 AM
fails like this need to happen. mainly to teach lessons that would be ignored otherwise since they are too insignificant to be noticed.

although this lesson will be ignored too most likely.
sr. member
Activity: 462
Merit: 250
CryptoTalk.Org - Get Paid for every Post!
August 12, 2016, 09:26:33 AM
that was one of the greatest fails i have ever seen to be honest, i hope we will not have any more situations like with this dao thing, i never invest in those
full member
Activity: 203
Merit: 100
★CryptoGamesFX.com★
August 12, 2016, 06:43:37 AM
DAO is fail but should have been allowed to fail. Hardfork is most embarrassing event ever in crypto history. Absolutely shameful.
Are you for fuckin real? The most shame events are the constant hacks and attacks. This is the type of shit that's hodling back many many investors from entering the crypto-sphere. Get a grip. FFS

That is right. If the authorities in the land cannot cope with that, then the cryto currency developers should deal with that.

They should deal with it during development.  They should develop hacking and attacking resistent systems.  Because that's what crypto is about.  Undoing an attack by hand, just like in fiat, defeats the whole "automatic" purpose of crypto.  If that is what needs to be done, stay in fiat.


That is right. But it is very difficult to develop bug/hack free software in the computer industry. It is better to counter attack after hack.
hero member
Activity: 770
Merit: 629
August 12, 2016, 03:51:21 AM
DAO is fail but should have been allowed to fail. Hardfork is most embarrassing event ever in crypto history. Absolutely shameful.
Are you for fuckin real? The most shame events are the constant hacks and attacks. This is the type of shit that's hodling back many many investors from entering the crypto-sphere. Get a grip. FFS

That is right. If the authorities in the land cannot cope with that, then the cryto currency developers should deal with that.

They should deal with it during development.  They should develop hacking and attacking resistent systems.  Because that's what crypto is about.  Undoing an attack by hand, just like in fiat, defeats the whole "automatic" purpose of crypto.  If that is what needs to be done, stay in fiat.
hero member
Activity: 770
Merit: 629
August 12, 2016, 03:49:32 AM
DAO is fail but should have been allowed to fail. Hardfork is most embarrassing event ever in crypto history. Absolutely shameful.
Are you for fuckin real? The most shame events are the constant hacks and attacks. This is the type of shit that's hodling back many many investors from entering the crypto-sphere. Get a grip. FFS

On the contrary.  Crypto was invented to survive in a hostile hacker and attacker environment.  Remember "trustless" ?  That's what it means.  If crypto suffers from hacking and attacking, instead of living off it, then it is a fail.

You might as well say that "enemy fire is what keeps people from getting into the army".  The whole purpose of an army is to resist to enemy fire.  Complaining about it for an army defeats the purpose.
member
Activity: 117
Merit: 10
August 12, 2016, 03:25:48 AM
DAO is fail but should have been allowed to fail. Hardfork is most embarrassing event ever in crypto history. Absolutely shameful.
Are you for fuckin real? The most shame events are the constant hacks and attacks. This is the type of shit that's hodling back many many investors from entering the crypto-sphere. Get a grip. FFS

That is right. If the authorities in the land cannot cope with that, then the cryto currency developers should deal with that.
legendary
Activity: 2184
Merit: 1024
Vave.com - Crypto Casino
August 11, 2016, 06:16:31 PM
DAO is fail but should have been allowed to fail. Hardfork is most embarrassing event ever in crypto history. Absolutely shameful.
Are you for fuckin real? The most shame events are the constant hacks and attacks. This is the type of shit that's hodling back many many investors from entering the crypto-sphere. Get a grip. FFS

The ones that should get a grip are the guys that invested millions in a super experimental technology. If that isn't the behavior of money hungry mindless scrubs then I don't know what it is.
Incorrect. Without investors willing to take risks in hugely potential projects then mankind would still be in the caves. I personally invested some of my wealth into the DAO because I was fascinated with the ideas and technology. Not because of some get rich quick scam. I have my own self-made fortune from the tech industry, but I want to invest part of that to help and encourage others to make something of themselves and technology. And I'd invest in DAO2.0 at the tip of a hat tomorrow, because the shame is not from ones failures it's from ones inaction.
legendary
Activity: 1960
Merit: 1176
@FAILCommunity
August 11, 2016, 12:02:44 PM
The ones that should get a grip are the guys that invested millions in a super experimental technology. If that isn't the behavior of money hungry mindless scrubs then I don't know what it is.

That's not exactly the case. Nobody is talking about prices here! At least that was not my intention (as I was the one started this thread)! Those who invested millions should not get a grip, because that experimental technology broke the most important thing they promised - decentralisation.
legendary
Activity: 1358
Merit: 1014
August 11, 2016, 11:49:28 AM
DAO is fail but should have been allowed to fail. Hardfork is most embarrassing event ever in crypto history. Absolutely shameful.
Are you for fuckin real? The most shame events are the constant hacks and attacks. This is the type of shit that's hodling back many many investors from entering the crypto-sphere. Get a grip. FFS

The ones that should get a grip are the guys that invested millions in a super experimental technology. If that isn't the behavior of money hungry mindless scrubs then I don't know what it is.
hero member
Activity: 658
Merit: 500
August 11, 2016, 11:43:54 AM
DAO is fail but should have been allowed to fail. Hardfork is most embarrassing event ever in crypto history. Absolutely shameful.
thats true, i have never had any of my money in dao to be honest, i knew that sooner or later it is going to turn out as a joke
legendary
Activity: 2184
Merit: 1024
Vave.com - Crypto Casino
August 11, 2016, 10:32:59 AM
DAO is fail but should have been allowed to fail. Hardfork is most embarrassing event ever in crypto history. Absolutely shameful.
Are you for fuckin real? The most shame events are the constant hacks and attacks. This is the type of shit that's hodling back many many investors from entering the crypto-sphere. Get a grip. FFS
full member
Activity: 214
Merit: 100
August 11, 2016, 10:25:24 AM
DAO is fail but should have been allowed to fail. Hardfork is most embarrassing event ever in crypto history. Absolutely shameful.
well most embarrassing thing is when people create the shitcoins just to dump it all on people, this was more like a mistake only, of course it is a shame but it is how it is

That theory can be applied to the ETC. It might be a pump and dump coin. Some people might lose a lot soon.
sr. member
Activity: 336
Merit: 250
CryptoTalk.Org - Get Paid for every Post!
August 09, 2016, 08:20:55 AM
DAO is fail but should have been allowed to fail. Hardfork is most embarrassing event ever in crypto history. Absolutely shameful.
well most embarrassing thing is when people create the shitcoins just to dump it all on people, this was more like a mistake only, of course it is a shame but it is how it is
sr. member
Activity: 394
Merit: 250
CryptoTalk.Org - Get Paid for every Post!
August 09, 2016, 07:41:40 AM
it was a huge disappointment for me to be honest, i expected way more out of it, i think that it destroyed the ethereum though the time will show what will happen
sr. member
Activity: 294
Merit: 250
August 09, 2016, 02:48:17 AM
DAO is fail but should have been allowed to fail. Hardfork is most embarrassing event ever in crypto history. Absolutely shameful.

There is a alt chain of ETH called ETC. The hacker can have access to the ETC. Let us see if that is a fail or not.
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
August 08, 2016, 05:47:10 PM
DAO is fail but should have been allowed to fail. Hardfork is most embarrassing event ever in crypto history. Absolutely shameful.

/thread
full member
Activity: 143
Merit: 100
August 08, 2016, 05:33:33 PM
DAO is fail but should have been allowed to fail. Hardfork is most embarrassing event ever in crypto history. Absolutely shameful.
legendary
Activity: 1960
Merit: 1176
@FAILCommunity
August 08, 2016, 05:27:44 PM
That might end up as a good idea. Smiley I mean if the attacker give part of the coins in his possesion for the ETC development. It would be a good answer to what EF did. About 2 weeks ago Mr. Barry Silbert said that the first coin (other than Bitcoin), which he bought was ETC at $0.50. From what I've heard he invested 5% from his BTC, which should be a pretty big amount. This clearly shows that some serious players are supporting ETC and you can see that it has twice the trade volume of ETH (leaving conspiracy theories aside).

Thx, I have tons Of good idea's that could launch this branch but zero incentive. Wink

Try to be more positive. Smiley
FAILCommunity
Tongue

It has its niche. Do some research and you'll see we are kinda serious about this, though we are struggling for quite some time. We are some of the nice guys here. Smiley

LOL, I saw that and thought it was a political claim not an actual community. Smiley

I have no time for yet more research btw.

You can still hardly say it is a community, but imagine 9GAG, FailArmy or YouTube channels with social experiments (such as helping homeless people) with its own cryptocurrency? Millions of people are following/watching them so like I said.. it has its niche. Smiley
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
August 08, 2016, 05:24:16 PM
That might end up as a good idea. Smiley I mean if the attacker give part of the coins in his possesion for the ETC development. It would be a good answer to what EF did. About 2 weeks ago Mr. Barry Silbert said that the first coin (other than Bitcoin), which he bought was ETC at $0.50. From what I've heard he invested 5% from his BTC, which should be a pretty big amount. This clearly shows that some serious players are supporting ETC and you can see that it has twice the trade volume of ETH (leaving conspiracy theories aside).

Thx, I have tons Of good idea's that could launch this branch but zero incentive. Wink

Try to be more positive. Smiley
FAILCommunity
Tongue

It has its niche. Do some research and you'll see we are kinda serious about this, though we are struggling for quite some time. We are some of the nice guys here. Smiley

LOL, I saw that and thought it was a political claim not an actual community. Smiley

I have no time for yet more research btw.
legendary
Activity: 1960
Merit: 1176
@FAILCommunity
August 08, 2016, 05:19:11 PM
That might end up as a good idea. Smiley I mean if the attacker give part of the coins in his possesion for the ETC development. It would be a good answer to what EF did. About 2 weeks ago Mr. Barry Silbert said that the first coin (other than Bitcoin), which he bought was ETC at $0.50. From what I've heard he invested 5% from his BTC, which should be a pretty big amount. This clearly shows that some serious players are supporting ETC and you can see that it has twice the trade volume of ETH (leaving conspiracy theories aside).

Thx, I have tons Of good idea's that could launch this branch but zero incentive. Wink

Try to be more positive. Smiley
FAILCommunity
Tongue

It has its niche. Do some research and you'll see we are kinda serious about this, though we are struggling for quite some time. We are some of the nice guys here. Smiley

That might end up as a good idea. Smiley I mean if the attacker give part of the coins in his possesion for the ETC development. It would be a good answer to what EF did. About 2 weeks ago Mr. Barry Silbert said that the first coin (other than Bitcoin), which he bought was ETC at $0.50. From what I've heard he invested 5% from his BTC, which should be a pretty big amount. This clearly shows that some serious players are supporting ETC and you can see that it has twice the trade volume of ETH (leaving conspiracy theories aside).

If Mr. Barry Silbert likes the ETC so much, the DAO hackers (white + black) should sell the ETC to him.

I have pretty good feelings on why Silbert is buying ETC, but everybody is free to has its own opinion. I can only say that Silbert can afford to buy the ETC from the attacker and if he announces it.. well... it will skyrocket. It sounds like utopia though.
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