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Topic: There was no DAO hack - page 6. (Read 11675 times)

legendary
Activity: 2184
Merit: 1024
Vave.com - Crypto Casino
June 18, 2016, 02:28:50 PM
#73
NO.

http://www.coindesk.com/sue-dao-hacker/

Others have suggested that the hacker can't be liable as they only did what the contract allowed. It's an interesting argument but, simply stated, code vulnerability doesn't equal consent.

As a defense, it’s pretty weak tea. Theft is theft, off chain or on.


In fact the hacker, if caught, would not only lose his gains, but be liable for the losses of many ETH owners. He is heading for bankruptcy and jailtime.

Assuming that we ignore the contract that the " hacker" agreed to which shows that he merely was a DAO client.

There is almost no chance the "hacker" will get caught. You understand that even if there was only 1 person shorting ETH , it is simply circumstantial evidence. In this case there may be several people they can believe to be suspects , and that is when they will hit a dead end.

If it's down to 500 devs then look for the one suddenly taken early retirement.
hv_
legendary
Activity: 2534
Merit: 1055
Clean Code and Scale
legendary
Activity: 994
Merit: 1035
June 18, 2016, 01:32:25 PM
#71
NO.

http://www.coindesk.com/sue-dao-hacker/

Others have suggested that the hacker can't be liable as they only did what the contract allowed. It's an interesting argument but, simply stated, code vulnerability doesn't equal consent.

As a defense, it’s pretty weak tea. Theft is theft, off chain or on.


In fact the hacker, if caught, would not only lose his gains, but be liable for the losses of many ETH owners. He is heading for bankruptcy and jailtime.

Assuming that we ignore the contract that the " hacker" agreed to which shows that he merely was a DAO client.

There is almost no chance the "hacker" will get caught. You understand that even if there was only 1 person shorting ETH , it is simply circumstantial evidence. In this case there may be several people they can believe to be suspects , and that is when they will hit a dead end.
legendary
Activity: 1372
Merit: 1014
June 18, 2016, 01:27:03 PM
#70
NO.

http://www.coindesk.com/sue-dao-hacker/

Others have suggested that the hacker can't be liable as they only did what the contract allowed. It's an interesting argument but, simply stated, code vulnerability doesn't equal consent.

As a defense, it’s pretty weak tea. Theft is theft, off chain or on.


In fact the hacker, if caught, would not only lose his gains, but be liable for the losses of many ETH owners. He is heading for bankruptcy and jailtime.
legendary
Activity: 994
Merit: 1035
June 18, 2016, 12:24:54 PM
#69
So the attacker is running scared. All those threats of legal action are either fake or bluff.

Have you visited your own slack? The user awarded those ETH is brazingly out in the open and handing out BTC.
He/She already has made almost 1 million on ETh shorts and could care less about those ETH but is willing to carry on this game to educate naive investors. He is doing a fantastic service for your community removing the spell of Dunning–Kruger.

What channel of slack is that?

DAO slack but now you can find him here-


legendary
Activity: 1092
Merit: 1001
June 18, 2016, 12:24:11 PM
#68
What channel of slack is that?
legendary
Activity: 2184
Merit: 1024
Vave.com - Crypto Casino
June 18, 2016, 12:20:18 PM
#67

So the attacker is running scared. All those threats of legal action are either fake or bluff.
legendary
Activity: 994
Merit: 1035
June 18, 2016, 12:14:32 PM
#66
newbie
Activity: 42
Merit: 0
June 18, 2016, 09:49:11 AM
#65
The  "daoattacker"is really giving out a ton of free BTC - Example - https://blockchain.info/address/1BitcoinEaterAddressDontSendf59kuE

Thus if he is merely a troll, he is a well funded troll with deep pockets looking to support the attacker and prevent a HF.

Arguably, doing so falls under "enlightened self-interest" for individuals/consortia invested in BTC/BTC mining.
legendary
Activity: 994
Merit: 1035
June 18, 2016, 09:42:22 AM
#64
The  "daoattacker"is really giving out a ton of free BTC - Example - https://blockchain.info/address/1BitcoinEaterAddressDontSendf59kuE

Thus if he is merely a troll, he is a well funded troll with deep pockets looking to support the attacker and prevent a HF.
legendary
Activity: 2242
Merit: 3523
Flippin' burgers since 1163.
June 18, 2016, 09:29:30 AM
#63
smooth? Brilliant: http://pastebin.com/CcGUBgDG

And a very weak comment by Buterin. It really does not matter whether this message is by "The Attacker" or not:
https://www.reddit.com/r/btc/comments/4oo35k/signed_message_from_the_ethereum_hacker/d4e7qi3
sr. member
Activity: 336
Merit: 265
June 18, 2016, 09:14:52 AM
#62
(Checkmate)2

GTFO:

https://bitcointalksearch.org/topic/m.15266162


it is hype for scam purpose only

In the case of DAO, Slock.it, and Augur, then that seems to be the case. There is no valid use case which isn't game theory broken for those. Expect The DAO to eventually collapse in a massive clusterfuck of theft and waste with most losing their money. Wise people would get the hell out of The DAO as fast as they can, because the DAO is broken in the sense that you can be jammed from exiting.

Decentralized crowd funding might be viable.
legendary
Activity: 1540
Merit: 1011
FUD Philanthropist™
June 18, 2016, 08:57:14 AM
#61
Bitcoin survived well from previous problems and correction hard forks. So did the Monero. I think Etheruem will also survive.
Stop posting nonsense and read the thread. fluffypony has already explained why the situation with Bitcoin can not be compared to this one. Bitcoin was broken at the protocol level and a fix was applied. ETH is not broken at the protocol level. Reverting anything means that they are rewriting history and that the blockchain is not immutable, nor decentralized. I can't say anything about Monero as I'm not familiar with their situation (past).

Hysterical lunacy or simply out right deceitful commentary ?

Honesty & Reality has been long gone around here for years.

Bag hold + Lie your ass off and play games and cash out is the motive / agenda.

You can tell them i have proof 1+1=2 and here it is.
and they ignore you and create 10 more accounts to say it equals 3  Roll Eyes

sad  Undecided

In other words i agree with the sensible and honest comments i quoted.
sr. member
Activity: 336
Merit: 265
June 18, 2016, 08:42:06 AM
#60
Let's put all this FUD into perspective gentlemen. BTC has suffered similarly during its growth so why expect zero hiccups for the DAO. We are breaking boundaries here so ups and downs are to be expected. Hodl.

In retrospective (again not picking a fight nor against you, just for perspective):

Ethereum reaching new ATHs so it's not surprising this clown is not amused. Happy dayz for everyone else though.

Promise me you won't leave or change your tune if ETH collapses in price?

Can you make that promise?

I am not writing this to be against you. I am wondering what you will do if ETH collapses? Will you then admit that it is not always happy dayz?
Why wouldn't I be here? I don't have all my bags in one bag.

In Balls Deep?

Are you sure you want to see UnunoctiumTesticles’ balls?



Fantastic article on Vitalik. He is quite a genius and we are all so proud that he works on the Ethereum project.

https://backchannel.com/the-uncanny-mind-that-built-ethereum-9b448dc9d14f#.jckispyvx

The only thing in that article which isn't just more hype is from Vlad:

Quote
“There’s still technical problems. It doesn’t scale. It’s not efficient. It’s not secure. It sucks, basically. It’s shitty technology,” says Vlad Zamfir, a developer that Buterin has hired to conceptualize the next iteration of the Ethereum software.

So what he can add 3 digit numbers in his head. I can do that too (I split the numbers in powers-of-10). How about multiplying them in your head, which I can also do but not as fast this 5 year old although I didn't practice.

Vitalik is math smart. But there are many, many people who are math smart and very few of them produce $billion successful enterprises. The jury is still out on whether Ethereum will amount to anything more than hype.

http://www.telegraph.co.uk/news/science/11232300/Why-do-geniuses-lack-common-sense.html
legendary
Activity: 2184
Merit: 1024
Vave.com - Crypto Casino
June 18, 2016, 08:38:15 AM
#59
Let's put all this FUD into perspective gentlemen. BTC has suffered similarly during its growth so why expect zero hiccups for the DAO. We are breaking boundaries here so ups and downs are to be expected. Hodl.
sr. member
Activity: 336
Merit: 265
June 18, 2016, 08:34:18 AM
#58
Maybe it is just all PR

The craziest conspiracy theory is the whales did this on purpose not just to profit by shorting and repurchasing cheaper, but also to create a massive amount of promotion for The DAO.

The any promotion is good promotion school of marketing.

$50 ETH here we come? (note it could also crash to $1 so please don't think I am offering any advice)

Normally it is best to buy when there is "blood in the streets". Ethereum isn't likely dead. So far, CC is a delusion of decentralization any way.

The ETH chart is looking very similar to BTC's 2013/14 crash.

Note after an extended deadcat bounce, then BTC proceeded to make lower lows and eventually found bottom @150ish.

I rescind the quoted speculation. Lower lows seen on the chart now, because of the revelation that ETH is fucked.

It's going down, down, down. Game over.

The big shit might come soon as the press takes this to damn all cryptos...

Bitcoin survived well from previous problems and correction hard forks. So did the Monero. I think Etheruem will also survive.

A salient difference is that Bitcoin and Monero were fixed. This issue can't be fixed because smart contracts are programmable and so the protocol can't protect against all bugs in the smart contracts.

The only way it is fixed is by the ecosystem maturing and having a wide diversity of smart contracts (many of which have been well vetted) so that the failure of any one of them can't impact the ETH price significantly. And I think also Ethereum might have a problem where bad contracts can infect other contracts, so that may prevent the ecosystem from ever being NOT TOO BIG TO FAIL (I need to research this more).

Thus since the ecosystem is a long way from achieving that (heck there isn't even a use case for smart contracts yet and The DAO as it was designed was not a use case as I had explained), the price could move much lower, perhaps at least back to $7, if not $1. But maybe not. It depends on how the speculators interpret this.

Note I called every price move of ETH correct, the temporary correction at $5-6, the top at $15, predicted in advance the drop to $7 and rise to a double-top at $15, and recently I said it was at nosebleed and I also warned against technological failure. I also wrote within the past 48 hours that it was best to sell out of the DAO to ETH so as to be ready to sell.
legendary
Activity: 2674
Merit: 3000
Terminated.
June 18, 2016, 08:31:24 AM
#57
Bitcoin survived well from previous problems and correction hard forks. So did the Monero. I think Etheruem will also survive.
Stop posting nonsense and read the thread. fluffypony has already explained why the situation with Bitcoin can not be compared to this one. Bitcoin was broken at the protocol level and a fix was applied. ETH is not broken at the protocol level. Reverting anything means that they are rewriting history and that the blockchain is not immutable, nor decentralized. I can't say anything about Monero as I'm not familiar with their situation (past).
sr. member
Activity: 294
Merit: 250
June 18, 2016, 08:28:49 AM
#56
Maybe it is just all PR

The craziest conspiracy theory is the whales did this on purpose not just to profit by shorting and repurchasing cheaper, but also to create a massive amount of promotion for The DAO.

The any promotion is good promotion school of marketing.

$50 ETH here we come? (note it could also crash to $1 so please don't think I am offering any advice)

Normally it is best to buy when there is "blood in the streets". Ethereum isn't likely dead. So far, CC is a delusion of decentralization any way.

The ETH chart is looking very similar to BTC's 2013/14 crash.

Note after an extended deadcat bounce, then BTC proceeded to make lower lows and eventually found bottom @150ish.

I rescind the quoted speculation. Lower lows seen on the chart now, because of the revelation that ETH is fucked.

It's going down, down, down. Game over.

The big shit might come soon as the press takes this to damn all cryptos...

Bitcoin survived well from previous problems and correction hard forks. So did the Monero. I think Etheruem will also survive.
legendary
Activity: 1540
Merit: 1011
FUD Philanthropist™
June 18, 2016, 08:23:45 AM
#55
Will this DAO incident cause cautions on all smart contract platform including those based on the bitcoin?

I sure hope so.. they are fucking retarded scams.

They exist to add a digital token that can be traded on exchanges.

CUT THE CRAP crap Investards..

Want smart contracts ? fine then do it.

BUT..
What you are all REALLY doing is hobbling together poorly written code for the sole purpose
of adding a "coin" to a "Scheme" ..................... FOR PROFIT !

..with catch phrases like "Block-Chain" "Crowd Funding" "Smart Contracts"

In the end.. Bittrex Cryptsy Poloniex etc exist to take a slice of the pie
and ALL of you dive on them to pull a bit of profit from the scam machines
..while loitering around playing fucking dumb about it.

How many of you idiot Investard mETH heads used a DAPP and there for wanted to support it ?

Want my advice Kidiot Investard Dregs ?

Invest in crypto-currencies (not scammy retarded bullshit ICO scam schemes for profit)

..and for fuck sakes quit spouting off retard bullshit & playing dumb (it's not working)
sr. member
Activity: 336
Merit: 265
June 18, 2016, 08:22:47 AM
#54
Maybe it is just all PR

The craziest conspiracy theory is the whales did this on purpose not just to profit by shorting and repurchasing cheaper, but also to create a massive amount of promotion for The DAO.

The any promotion is good promotion school of marketing.

$50 ETH here we come? (note it could also crash to $1 so please don't think I am offering any advice)

Normally it is best to buy when there is "blood in the streets". Ethereum isn't likely dead. So far, CC is a delusion of decentralization any way.

The ETH chart is looking very similar to BTC's 2013/14 crash.

Note after an extended deadcat bounce, then BTC proceeded to make lower lows and eventually found bottom @150ish.

I rescind the quoted speculation. Lower lows seen on the chart now, because of the revelation that ETH is fucked.

It's going down, down, down. Game over.

The big shit might come soon as the press takes this to damn all cryptos...

I warned r0ach of that. I hope I was wrong. Hopefully BTC will get stronger with the exodus from ETH -> BTC.

And y'all know I am not a Bitcoin Maximalist.
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