Whoa! Hard forks are BAD! | Bitcointalksearch.org

Yanisumin

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Quote from: franky1 on June 25, 2016, 07:46:30 PM

Quote from: ?? on ??

A decentralized, censorship resistance coin should have no leaders at all.

then why does Luke JR (pretending to be independent) say he cant make a hard fork code because he is not speaking on behalf of "core"
and we all know "core" set up blockstream.

lauda you keep going in circles saying bitcoin has no private authority and then use the private authority as a reason why there is contention and why luke jr wont forfill his "personal" agreement.

here is a more simple question .. WHO is saying no to a hard fork
i hope you use your independant mind to research this and not go running to blockstream fanboys to get your spoon fed answers

The Core has about 15 days to fulfil its promise to release the SegWit and the 2MB block size increase, otherwise we will see the revival of Classic soon.

franky1

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Quote from: ?? on ??

A decentralized, censorship resistance coin should have no leaders at all.

then why does Luke JR (pretending to be independent) say he cant make a hard fork code because he is not speaking on behalf of "core"
and we all know "core" set up blockstream.

lauda you keep going in circles saying bitcoin has no private authority and then use the private authority as a reason why there is contention and why luke jr wont forfill his "personal" agreement.

here is a more simple question .. WHO is saying no to a hard fork
i hope you use your independant mind to research this and not go running to blockstream fanboys to get your spoon fed answers

GreenBits

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Hard forks are very bad, this is why you vet code for many years before you allow untold amounts of value to be invested in your technology.

But this isn't a bitcoin problem. Money gets stolen in btc land, tough titty. You eat it and move on.

Dammit dao, you had one, undefined job.

Dobmaster

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Quote from: Alley on June 17, 2016, 02:38:36 PM

Core can take as much time as they need testing segwit. We dont want a eth type hack.

They can take many years to test the segwit. But we need to increase the block size soon if you want people to use bitcoin.

Alley

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Core can take as much time as they need testing segwit. We dont want a eth type hack.

MicroGuy

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Quote from: RawDog on June 17, 2016, 08:53:02 AM

In a crypto scheme - if the community 'decides' it doesn't like a transaction they can just hard fork away. What kind of network is that? NXT did it. Now Ethereum is going to do it. Do you think Bitcoin could similarly negate a valid transaction someday just because many in the community didn't like the basis of some transaction? Crypto might not be nearly as decentralized as everyone keeps saying.

Already in progress ... https://news.bitcoin.com/theymos-bitcoins-satoshi-destroyed/

~~

kingcolex

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Quote from: raphma on June 17, 2016, 11:36:04 AM

they got hacked, that's enough to make people stop invest in this idea(at least for now).
With fork or without fork, they are already screwed up.

DAO did, not ethereum. Ethereum is just in a bad position because this was a very popular contract, if they don't fork everyone loses trust in ethereum/crypto and tons of money is lost. If they do fork it is seen as Ethereum is too controlling and DAO owners are going to sell and dump the ether, crashing price.

BillyBobZorton

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Quote from: pedrog on June 17, 2016, 09:43:14 AM

Bitcoin did it first.

https://bitcointalksearch.org/topic/history-of-hardforks-and-rollbacks-in-bitcoin-702755

Not the same. I have yet to see Satoshi Nakamoto create a Reddit thread demanding that exchanges stop all BTC paired markets immediately.
The truth is, ETH is in deep shit only 1 year after existing, BTC is 7+ years old and looking as solid as ever.

raphma

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they got hacked, that's enough to make people stop invest in this idea(at least for now).
With fork or without fork, they are already screwed up.

pawel7777

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Quote from: tokeweed on June 17, 2016, 09:45:30 AM

I think Vitalik Buterin is in a dilemma. If he does the hard fork...

Looks like he went for the soft fork not the hard fork:

https://www.reddit.com/r/ethereum/comments/4oj7ql/personal_statement_regarding_the_fork/

Quote

I personally believe that the soft fork that has been proposed to lock up the ether inside the DAO to block the attack is, on balance, a good idea...

pedrog

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Quote from: tokeweed on June 17, 2016, 10:57:56 AM

Quote from: pedrog on June 17, 2016, 10:40:26 AM

It is expected that new technologies, new software to have bugs, I don't see all the drama in reversing the transaction, if people involved agree, or a majority of the people involved agree with this, better then let another theft unpunished, it's away to common in cryptoland.

I don't think it's as simple as you may want it to appear to be. The implications of going either way is huge. Only time can tell how Ethereum is going to be perceived by the serious players in crypto whatever route they take.

Agree, my opinion from the beginning is this DAO should have never accepted that kind of money, I think even the initial goal of 500k was too high.

Now, whichever route is taken will make damage.

primer-

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Quote from: Yanisumin on June 17, 2016, 11:12:34 AM

From the https://bitcointalksearch.org/topic/history-of-hardforks-and-rollbacks-in-bitcoin-702755
8th August 2010 - 92 billion BTC into existence.

That problem was solved and bitcoin is better than ever.

Ethereum haters gonna hate...

/endthread

kingcolex

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Ethereum is pretty young, it might be able to be okay with a single hard fork but DAO is definitely going to crash and those profits could be dumped. It doesn't bother me too much but I think people are going to start realizing that the side chains / contracts are their own damn coin and need to be viewed as its own coin, Ethereum has no real responsibility in this but is affected because DAO got so big so quick.

Yanisumin

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Quote from: tokeweed on June 17, 2016, 09:45:30 AM

I think Vitalik Buterin is in a dilemma. If he does the hard fork, that would be frowned upon and many would view Ethereum as some sort of joke for doing it. On the other hand if they don't, it's like the Ethereum version of getting goxxed, which also would make the people view it as some sort of joke.

But yeah, I agree. The hard fork should be a no go. Though I feel for the investors. I hope they find another solution and get their funds back.

And here on forth, the whole crypto community will have a field day everytime this historic hack is remembered. Imagine if the hacker actually gets all 11M ETH. Jesus that's a lot.

From the https://bitcointalksearch.org/topic/history-of-hardforks-and-rollbacks-in-bitcoin-702755
8th August 2010 - 92 billion BTC into existence.

That problem was solved and bitcoin is better than ever.

tokeweed

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Life, Love and Laughter...

Quote from: pedrog on June 17, 2016, 10:40:26 AM

It is expected that new technologies, new software to have bugs, I don't see all the drama in reversing the transaction, if people involved agree, or a majority of the people involved agree with this, better then let another theft unpunished, it's away to common in cryptoland.

I don't think it's as simple as you may want it to appear to be. The implications of going either way is huge. Only time can tell how Ethereum is going to be perceived by the serious players in crypto whatever route they take.

pedrog

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It is expected that new technologies, new software to have bugs, I don't see all the drama in reversing the transaction, if people involved agree, or a majority of the people involved agree with this, better then let another theft unpunished, it's away to common in cryptoland.

tokeweed

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Life, Love and Laughter...

Quote from: gravitate on June 17, 2016, 10:03:09 AM

god damn I cant believe you guys think that the hard fork should not happen. If it doesnt all crypto will suffer dramatically. the DAO is center of attention through out the world if it fails then people will think crypto is a waste of time piece of shit.

After what happened? It kinda is. Tual confirmed that they will be turning it to a withdraw only contract.

Quote

Lose 150 million do you REALLY think people will invest again? LOL

Either way, the people will most likely think twice.

The next few days, I'm thinking the mainstream media will have a field day with this. The Ethereum bashers will have their opportunity of saying 'I told you so'. And the returned funds from the DAO could be dumped by the investors.

Bitware

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weaving spiders come not here

This is nothing more than Ethereum core developers picking the winners and losers. It's best to stay far away from Ethereum. It can not be trusted.

Foxpup

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Vile Vixen and Miss Bitcointalk 2021-2023

Quote from: pedrog on June 17, 2016, 09:43:14 AM

Bitcoin did it first.

https://bitcointalksearch.org/topic/history-of-hardforks-and-rollbacks-in-bitcoin-702755

Those were required due to massive (network-breaking) bugs in Bitcoin itself, not because people put their money into an insecure third-party application which then was exploited to send said money to the attacker. The latter has happened many, many times in Bitcoin and nobody has ever seriously suggested a hardfork or rolling back the attacker's transactions, because Bitcoin developers, miners, and users all know that it would completely destroy everybody else's faith in the system. One must ask why those involved in Ethereum don't seem to know that.

gravitate

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god damn I cant believe you guys think that the hard fork should not happen. If it doesnt all crypto will suffer dramatically. the DAO is center of attention through out the world if it fails then people will think crypto is a waste of time piece of shit.

Lose 150 million do you REALLY think people will invest again? LOL

Topic: Whoa! Hard forks are BAD! (Read 1745 times)