The DAO FAIL - page 6. | Bitcointalksearch.org

iCEBREAKER

legendary

Activity: 2156

Merit: 1072

Crypto is the separation of Power and State.

Quote from: anthonydar on July 27, 2016, 09:59:20 AM

Quote from: s1gs3gv on July 26, 2016, 03:54:17 PM

Quote from: iCEBREAKER on July 26, 2016, 03:20:02 PM

Without immutability, we're no better than fiat. -Johnny_Mnemonic

With immutability we're just a legacy bug ridden piece of software.

~LOL~

I think the Monero has also hard forked to correct some kind of problems. So is the bitcoin and other coins.

You can't really compare a non-contentious hard fork of software (like Monero's) with the contentious hard fork of a blockchain (like ETH).

Since many noobs are, like you, confused about these basic-albeit-overlapping Crypto 101 concepts, I'll try to get an educational, clarifying paper written about it.

Working title: "There Will Never Be a Monero Classic."

Opening quote:

Quote from: ArticMine on July 17, 2016, 05:18:25 PM

A hard fork to change the ownership of coins is next to impossible to pull off with Monero since it would break any subsequent transactions that used the tainted coins as a mixin.

Second opening quote: [the excellent bit fluffy wrote explaining the same thing, but with more words, that I can't find right now]

dinofelis

hero member

Activity: 770

Merit: 629

Quote from: s1gs3gv on July 26, 2016, 03:54:17 PM

Quote from: iCEBREAKER on July 26, 2016, 03:20:02 PM

Without immutability, we're no better than fiat. -Johnny_Mnemonic

With immutability we're just a legacy bug ridden piece of software.

~LOL~

Not immutability of the code. Immutability of the past on the chain.

anthonydar

full member

Activity: 203

Merit: 100

★CryptoGamesFX.com★

Quote from: s1gs3gv on July 26, 2016, 03:54:17 PM

Quote from: iCEBREAKER on July 26, 2016, 03:20:02 PM

Without immutability, we're no better than fiat. -Johnny_Mnemonic

With immutability we're just a legacy bug ridden piece of software.

~LOL~

I think the Monero has also hard forked to correct some kind of problems. So is the bitcoin and other coins.

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

There is just so much blood in the water!

s1gs3gv

legendary

Activity: 1316

Merit: 1014

ex uno plures

Quote from: iCEBREAKER on July 26, 2016, 03:20:02 PM

Without immutability, we're no better than fiat. -Johnny_Mnemonic

With immutability we're just a legacy bug ridden piece of software.

~LOL~

iCEBREAKER

legendary

Activity: 2156

Merit: 1072

Crypto is the separation of Power and State.

Quote from: Minecache on July 23, 2016, 06:32:35 PM

intellectually challenged Spoetniktard sockies in this tread who persist in their bailout scaremongering bull

Polo and Bittrex already trade ETC in volume surpassing the 51% attackers' pretender coin.

Kraken is coming soon. Silbert and China are all over it. The usurper project is rapidly bleeding $$$ and miners to the legitimate chain.

The immutable original chain is winning this popularity contest, which is being held in the marketplace.

Chancellor Butarin tried to kill his own project, but it will live on without him, stronger than ever before.

Chancellor Butarin is a weakness, a point of failure which has been excised via the mETH fork.

Without immutability, we're no better than fiat. -Johnny_Mnemonic

BitUsher

legendary

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Merit: 1035

RastoMan

sr. member

Activity: 294

Merit: 250

Quote from: spartak_t on July 25, 2016, 10:38:39 AM

Quote from: Fanpant on July 25, 2016, 10:16:44 AM

The Ethreum Classic price is less than 4% of the Ethereum price. So it is not profitable to mine now .

There is something called "difficulty".

The ETC price is 6% of ETH and the difficulty is about 4%. So it is more profitable to mine the ETC now.

spartak_t

legendary

Activity: 1960

Merit: 1176

@FAILCommunity

Quote from: Fanpant on July 25, 2016, 10:16:44 AM

The Ethreum Classic price is less than 4% of the Ethereum price. So it is not profitable to mine now .

There is something called "difficulty".

Fanpant

full member

Activity: 214

Merit: 100

Quote from: Ultrabat on July 25, 2016, 05:35:29 AM

Quote from: RastoMan on July 25, 2016, 01:41:50 AM

Quote from: anthonydar on July 24, 2016, 08:04:26 AM

Quote from: spartak_t on July 24, 2016, 02:38:18 AM

Quote from: Minecache on July 23, 2016, 06:32:35 PM

Just for the intellectually challenged Spoetniktard sockies in this tread who persist in their bailout scaremongering bull:

https://blog.colony.io/an-ethereum-hard-fork-is-not-a-bailout-its-foiling-a-bank-robbery-db2a472fe9e1#.yoaaomh6v

https://news.bitcoin.com/ethereum-government-dao/

https://m.reddit.com/r/ethereum/comments/4ok3f1/the_dao_is_not_being_bailed_out/

I took a quick look to these articles, but I'm not even going try to reading them. Next time try using your own words. Here are some points you should consider:

1. There is no DAO, there was "D"AO.
2. 10% of the miners voted for the hard fork (I'm not quite certain if that was the %, but I'm not like some guys, which are using google to prove their point. I use my mind and memories.). What does that tell you?
3. It tells you that a "handful" of people decided it's destiny. Much like the % of people around the world who decides it's destiny.

There are Classic Ethereum pools. The miners who do not vote for the fork can switch to those pools.

I think so, if the miners do not like to mine at the new chain, they should move to mine the old chain.

According to http://fork.ethstats.net/, the Classic Ethereum chain mining difficulty is around 6% of the main chain.

The Ethreum Classic price is less than 4% of the Ethereum price. So it is not profitable to mine now .

Ultrabat

member

Activity: 117

Merit: 10

Quote from: RastoMan on July 25, 2016, 01:41:50 AM

Quote from: anthonydar on July 24, 2016, 08:04:26 AM

Quote from: spartak_t on July 24, 2016, 02:38:18 AM

Quote from: Minecache on July 23, 2016, 06:32:35 PM

Just for the intellectually challenged Spoetniktard sockies in this tread who persist in their bailout scaremongering bull:

https://blog.colony.io/an-ethereum-hard-fork-is-not-a-bailout-its-foiling-a-bank-robbery-db2a472fe9e1#.yoaaomh6v

https://news.bitcoin.com/ethereum-government-dao/

https://m.reddit.com/r/ethereum/comments/4ok3f1/the_dao_is_not_being_bailed_out/

I took a quick look to these articles, but I'm not even going try to reading them. Next time try using your own words. Here are some points you should consider:

1. There is no DAO, there was "D"AO.
2. 10% of the miners voted for the hard fork (I'm not quite certain if that was the %, but I'm not like some guys, which are using google to prove their point. I use my mind and memories.). What does that tell you?
3. It tells you that a "handful" of people decided it's destiny. Much like the % of people around the world who decides it's destiny.

There are Classic Ethereum pools. The miners who do not vote for the fork can switch to those pools.

I think so, if the miners do not like to mine at the new chain, they should move to mine the old chain.

According to http://fork.ethstats.net/, the Classic Ethereum chain mining difficulty is around 6% of the main chain.

RastoMan

sr. member

Activity: 294

Merit: 250

Quote from: anthonydar on July 24, 2016, 08:04:26 AM

Quote from: spartak_t on July 24, 2016, 02:38:18 AM

Quote from: Minecache on July 23, 2016, 06:32:35 PM

Just for the intellectually challenged Spoetniktard sockies in this tread who persist in their bailout scaremongering bull:

https://blog.colony.io/an-ethereum-hard-fork-is-not-a-bailout-its-foiling-a-bank-robbery-db2a472fe9e1#.yoaaomh6v

https://news.bitcoin.com/ethereum-government-dao/

https://m.reddit.com/r/ethereum/comments/4ok3f1/the_dao_is_not_being_bailed_out/

I took a quick look to these articles, but I'm not even going try to reading them. Next time try using your own words. Here are some points you should consider:

1. There is no DAO, there was "D"AO.
2. 10% of the miners voted for the hard fork (I'm not quite certain if that was the %, but I'm not like some guys, which are using google to prove their point. I use my mind and memories.). What does that tell you?
3. It tells you that a "handful" of people decided it's destiny. Much like the % of people around the world who decides it's destiny.

There are Classic Ethereum pools. The miners who do not vote for the fork can switch to those pools.

I think so, if the miners do not like to mine at the new chain, they should move to mine the old chain.

roselee

legendary

Activity: 1078

Merit: 1000

Quote from: spartak_t on July 24, 2016, 02:38:18 AM

Quote from: Minecache on July 23, 2016, 06:32:35 PM

Just for the intellectually challenged Spoetniktard sockies in this tread who persist in their bailout scaremongering bull:

https://blog.colony.io/an-ethereum-hard-fork-is-not-a-bailout-its-foiling-a-bank-robbery-db2a472fe9e1#.yoaaomh6v

https://news.bitcoin.com/ethereum-government-dao/

https://m.reddit.com/r/ethereum/comments/4ok3f1/the_dao_is_not_being_bailed_out/

I took a quick look to these articles, but I'm not even going try to reading them. Next time try using your own words. Here are some points you should consider:

1. There is no DAO, there was "D"AO.
2. 10% of the miners voted for the hard fork (I'm not quite certain if that was the %, but I'm not like some guys, which are using google to prove their point. I use my mind and memories.). What does that tell you?
3. It tells you that a "handful" of people decided it's destiny. Much like the % of people around the world who decides it's destiny.

i thought the blockchain might change that and makes this world a little bit fairer.

mr.youhim

newbie

Activity: 42

Merit: 0

The curators of the DAO is still live?

spartak_t

legendary

Activity: 1960

Merit: 1176

@FAILCommunity

Quote from: anthonydar on July 24, 2016, 08:04:26 AM

Quote from: spartak_t on July 24, 2016, 02:38:18 AM

Quote from: Minecache on July 23, 2016, 06:32:35 PM

Just for the intellectually challenged Spoetniktard sockies in this tread who persist in their bailout scaremongering bull:

https://blog.colony.io/an-ethereum-hard-fork-is-not-a-bailout-its-foiling-a-bank-robbery-db2a472fe9e1#.yoaaomh6v

https://news.bitcoin.com/ethereum-government-dao/

https://m.reddit.com/r/ethereum/comments/4ok3f1/the_dao_is_not_being_bailed_out/

I took a quick look to these articles, but I'm not even going try to reading them. Next time try using your own words. Here are some points you should consider:

1. There is no DAO, there was "D"AO.
2. 10% of the miners voted for the hard fork (I'm not quite certain if that was the %, but I'm not like some guys, which are using google to prove their point. I use my mind and memories.). What does that tell you?
3. It tells you that a "handful" of people decided it's destiny. Much like the % of people around the world who decides it's destiny.

There are Classic Ethereum pools. The miners who do not vote for the fork can switch to those pools.

I know that, but so what? Would you like me to tell you a story?

"Give us $18,5 million and we will present you Ethereum. Now please give us $100s of millions (not going to make calculations) and you'll have TheDAO. Unfortunatelly, TheDAO failed and we want you to vote for a fork. Oh, well, 10% of you voted for a hard fork? No worries, hard fork it is. TheDAO is now gone. There are people who are not happy with that? Here is the Ethereum Classic."

Now the speculations will be much more.

anthonydar

full member

Activity: 203

Merit: 100

★CryptoGamesFX.com★

Quote from: spartak_t on July 24, 2016, 02:38:18 AM

Quote from: Minecache on July 23, 2016, 06:32:35 PM

Just for the intellectually challenged Spoetniktard sockies in this tread who persist in their bailout scaremongering bull:

https://blog.colony.io/an-ethereum-hard-fork-is-not-a-bailout-its-foiling-a-bank-robbery-db2a472fe9e1#.yoaaomh6v

https://news.bitcoin.com/ethereum-government-dao/

https://m.reddit.com/r/ethereum/comments/4ok3f1/the_dao_is_not_being_bailed_out/

I took a quick look to these articles, but I'm not even going try to reading them. Next time try using your own words. Here are some points you should consider:

1. There is no DAO, there was "D"AO.
2. 10% of the miners voted for the hard fork (I'm not quite certain if that was the %, but I'm not like some guys, which are using google to prove their point. I use my mind and memories.). What does that tell you?
3. It tells you that a "handful" of people decided it's destiny. Much like the % of people around the world who decides it's destiny.

There are Classic Ethereum pools. The miners who do not vote for the fork can switch to those pools.

spartak_t

legendary

Activity: 1960

Merit: 1176

@FAILCommunity

Quote from: Minecache on July 23, 2016, 06:32:35 PM

Just for the intellectually challenged Spoetniktard sockies in this tread who persist in their bailout scaremongering bull:

https://blog.colony.io/an-ethereum-hard-fork-is-not-a-bailout-its-foiling-a-bank-robbery-db2a472fe9e1#.yoaaomh6v

https://news.bitcoin.com/ethereum-government-dao/

https://m.reddit.com/r/ethereum/comments/4ok3f1/the_dao_is_not_being_bailed_out/

I took a quick look to these articles, but I'm not even going try to reading them. Next time try using your own words. Here are some points you should consider:

1. There is no DAO, there was "D"AO.
2. 10% of the miners voted for the hard fork (I'm not quite certain if that was the %, but I'm not like some guys, which are using google to prove their point. I use my mind and memories.). What does that tell you?
3. It tells you that a "handful" of people decided it's destiny. Much like the % of people around the world who decides it's destiny.

RastoMan

sr. member

Activity: 294

Merit: 250

Quote from: d@nte on July 23, 2016, 05:00:57 PM

Epic fail in the crypto history... Sad but it's true.

The future programmers should remember this and write good programs. Also we should have started the DAO smaller.

LoyceV

legendary

Activity: 3290

Merit: 16489

Thick-Skinned Gang Leader and Golden Feather 2021

I'm amazed the value of Ethereum went up after the hard fork. Greed wins from common sense? Is this the same way people "invest" in ponzi "doubling" websites? They know it's a scam, but hope to make a quick profit on the short run before the system (based on the greater fool theory) runs out of fools?
In my opinion Ethereum deserves to lose its value, and should always be remembered as an example of how not to handle a cryptocurrency. But it seems like it needs more time to die out.

Minecache

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Vave.com - Crypto Casino

Just for the intellectually challenged Spoetniktard sockies in this tread who persist in their bailout scaremongering bull:

https://blog.colony.io/an-ethereum-hard-fork-is-not-a-bailout-its-foiling-a-bank-robbery-db2a472fe9e1#.yoaaomh6v

https://news.bitcoin.com/ethereum-government-dao/

https://m.reddit.com/r/ethereum/comments/4ok3f1/the_dao_is_not_being_bailed_out/

Topic: The DAO FAIL - page 6. (Read 20478 times)