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Topic: Why Etherium price is decreasing day by day ? - page 6. (Read 6176 times)

newbie
Activity: 48
Merit: 0
They are deamed if they do and deamed if they don't. Between a rock and a hard place.
Vitalik should not have pumped it with the developement fund.
legendary
Activity: 3556
Merit: 7011
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As etherium is decreasing, so can we have a reason behind that and what are the future expectations.

I believe because of The DAO hack. The ETH community hasnt decided to hard fork it yet, till a decision is done i don't see it recovering. And if they don't fork the damn thing i guess it is as bad as doing nothing because it affects ETH price directly.
Even though I don't understand the technicalities of it, I do believe that's exactly it.  Not to mention that to many eth is just another shitty shitcoin.  I suspect it's going to rebound because of community support but it's definitely in a precarious situation.
newbie
Activity: 48
Merit: 0
It has a real chance to go to zero, that's why.
legendary
Activity: 1806
Merit: 1828
     Due to the nature of the DAO attack, which demonstrated a recursive call vulnerability in the Solidarity language for the EVM, is why the price is tumbling. They tried to blacklist the Child Dao that drained the DAO of over 3 million Ether with the soft fork. They quickly discovered that the soft fork was vulnerable to an attack, where the DAO attacker could basically flood the network with calls that would have the miners producing empty blocks for days or weeks. So they had to give up on the soft fork. This has caused an additional fall in price as investors lose confidence in the Ethereum Foundation's ability to solve the DAO attack problem. Right now, the only option appears to be a hard fork. The hard fork option is somewhat unpopular. This also has contributed to Ethereum's downfall in the markets.
     The only hope that Ethereum will ever have is if it can be demonstrated that a secure smart contract, that is complex, can actually be programmed and run on the EVM. Some think that that the Solidarity language running on the EVM is too flawed to ever function as an economical and secure way to run DAPPS and smart contracts on a distributed, decentralized network.
legendary
Activity: 1418
Merit: 1002
As etherium is decreasing, so can we have a reason behind that and what are the future expectations.

The DAO hack shattered confidence in the ETH platform and Solidity.

Articles such as this came out, exposing security issues in the language.

http://nakamotoinstitute.org/mempool/ethereum-is-doomed/

https://blog.blockstack.org/solar-storm-a-serious-security-exploit-with-ethereum-not-just-the-dao-a03d797d98fa#.tpgclo8x7

Don't know exactly what the future holds for ETH, this is crypto ... maybe it recovers or maybe not
newbie
Activity: 7
Merit: 0
It is because of its hack, and I think it will continue for a few months and people will now never adopt it until they find a proof of its full security.
newbie
Activity: 14
Merit: 0
The future expectations for Ethereum from their supporters is that it is the perfect time to buy and that it will go back up again. And some who believe that it will be dead in awhile.
full member
Activity: 236
Merit: 100
As etherium is decreasing, so can we have a reason behind that and what are the future expectations.

I believe because of The DAO hack. The ETH community hasnt decided to hard fork it yet, till a decision is done i don't see it recovering. And if they don't fork the damn thing i guess it is as bad as doing nothing because it affects ETH price directly.
newbie
Activity: 19
Merit: 0
As etherium is decreasing, so can we have a reason behind that and what are the future expectations.
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