Author

Topic: The DAO scandal (Read 460 times)

sr. member
Activity: 434
Merit: 250
June 21, 2017, 01:55:24 PM
#4
http://www.coindesk.com/understanding-dao-hack-journalists/

This is one of the better articles I've seen written about the DAO incident.
full member
Activity: 247
Merit: 100
Blockchain will change the world.
June 21, 2017, 01:02:25 PM
#3
Are there any articles about all this? I would like to learn more about "The DAO". I am affraid something like that happened again  Undecided
member
Activity: 84
Merit: 10
severe mental disorder
June 21, 2017, 12:42:40 PM
#2
Everybody lately compare all new ICO's to "The DAO". I assume it was also some ICO which was complete SCAM, but I couldn't find anywhere more information. Can you please tell me what exactly happened? I would like to read some articles and find out more about it. Thank you.

Basically the code "code is law" for the DAO was wrong. Someone figured out how to bleed off millions of ETH into their own wallet because of a bug in the code. So the ETH foundation decided to roll back the blockchain and undo those transactions. Many people did not like this because its a big no no in the cryptocurrency world. So it spawned a new chain called Eth Classic where the hacker still has the funds he stole.

And now were here with a blockchain that everyone is using but it does not have the capacity to support this many users.. haha..  Cheesy

full member
Activity: 247
Merit: 100
Blockchain will change the world.
June 21, 2017, 12:35:31 PM
#1
Everybody lately compare all new ICO's to "The DAO". I assume it was also some ICO which was complete SCAM, but I couldn't find anywhere more information. Can you please tell me what exactly happened? I would like to read some articles and find out more about it. Thank you.
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