Bitcoin Forum

https://en.m.wikipedia.org/wiki/List_of_highest_funded_crowdfunding_projects


And it continues to grow, may surpass ethereum itself within the next week! Exciting.

History in the making, personally I think it's a genius idea.

Yeah, pretty good chance it will reach #2 I think... lots of people (like me) are still sitting on the sidelines waiting to make sure nothing catastrophic happens with the contract before buying any tokens.

Whats special about this

Where are the numbers at - at least give us some information with your hypeing

Um, on the link? Published by Wikipedia....16 million usd in 3 days so far.

don't know why lots of getting too much excited about DAO tokens as personally i don't have much hope with this project. Project's idea is cool but we have already seen cool projects will take more than year or half to get live. What is happening with lisk lauch is one example. After the ICO developers like to enjoy with the funds they have collected and forget the development thats why i don't like ICO coins or tokens, but DAO may pop up differently.

I am rather enjoying ride on ethereum pump with this DAO thing.

Didn't say it would be a quick fix for cash. This is more of an investment for someone who believes in the idea behind the project.

Lisk team doesn't have access to the fund yet... ::)

This is the holy grail, holy cow of all cryptonerds! This is why we are doing this! it's finally here!

Ethereum Raised:

$18,439,086

DAO Raised(currently):

$ 18.43 M

It will surely pass Ethereum in fundraising :)

Link as asked for:
https://daohub.org/index.html


The thing about this "project" is that its not just one idea. They will most likely be investing a large amount of funds in Slock.it (which IMO is the most promising Ethereum company aside from Augur), but they will have plenty of additional money, and will also be fielding proposals from a huge number of other companies. This is akin to a co-operative venture capitalist fund which is exciting in and of itself since those types of funds are usually not available to the mass markets.

I believe it will at least hit #2! it would be a surprise to go over 100 million, but you never know!! May be #1 of all time!

 19.51 M now :)

It's potentially a new fork in the road to decentralisation, and a very important step in my opinion.

If it succeeds even in a small way it has the potential to change the world just as much as Blockchain technology has already.
But it's very important to not just look at it as "how much money can i make from it" as that is kind of missing the point entirely.

However there is a long way to go as it is still an unproven concept.

My fingers are crossed  

Agreed it is a very new concept and something that is very important for the financial world and people in general, you can also see the countdown to the end of the sale on http://icocountdown.com

Is there a official Bitcointalk thread availble about the project or the crowdsale? Could not find on in the annouchment section.

It will definitely hit the number 2 spot, less than 5 million dollars to go and it still has 22 days left. The number 1 spot may remain elusive though, as Star Citizen and its $111,262,157 total raised will be hard to beat.

To be fair though, it appears Star Citizen has been raising funds for several years, they should make a new top 10 list and use an average raised per day metric and then the DAO may come out on top.

Thats great. I bet we will see more DAOSs 2016.  DAO 2.0, DarkDAO and AnonDAO. I will buy them all with my IPO Token witch I bough with another IPO Token.  I hope thats better than all these synthetic CDOs from Lehman Brothers and all these NXT assets. This time will be different. What a great time to be alive  :D

ETH and The DAO have to be the largest opportunity for us all since the Bitcoin pioneer days.

Only $10 of ETH and you've got yourself 100DAO, as of 6th May 2016. Don't like The DAO and their actions then you are free to cash out back to ETH. Fantastic opportunity. Don't let it pass you by.

What are the steps to buy in and get my dao?

Refer to http://daohub.org you can purchase many ways other than owning eth.

You need ETH because you need the Mist Ethereum wallet to watch the smart contract and vote on its proposals.

whales pumping each others or pumping it own dao, free money from eth pump.
this dao pump also pump eth again.
this is wild wild west crazy crypto world, free money in every corners. grab some or grab all.
this is internet bubble 2.0, crypto style.

Where can we buy DAO? Can we buy it with bitcoin as well or just we NEED to buy Eth first before buying DAO? I don't understand yet much about it but I missed out on ETH big time so don't know if it's too late now to buy any DAO or not.

https://daohub.org/

Use the wizard, you can use other methods... Just need the eth wallet..

Most of the hype comes from 'new' money from the eth bubble.

The Ethereum price is quite stable at the moment. There is no big increase. Does it mean the DAO prevents its drop?

Quite possibly; it could drop significantly when the DAO funding stage ends.

The increased buy support is people that want in the DAO.

You can use myetherwallet!

https://www.myetherwallet.com/#the-dao

You do need to buy ETH, but ttookk found this blessing of a link:



See this thread: https://bitcointalk.org/index.php?topic=1455506.0

Hope this helps. :)

https://blog.slock.it/the-inexorable-rise-of-the-dao-2b6e739b2615#.6sppfou0m

Interesting article from Stephen Tual.

In some ways I agree with you. It just feels like all the crowdsale boys becoming millionaires before I even see one product. Even the crappy Ethereum wallet is always crashing and not syncing and nobody is taking them to task over it. Compare MIST to NXT wallet (I hold no NXT before anyone starts). There are crapcoins out there with better more reliable services than what I've seen so far from all these crowdsales.

I don't want to rain on anyone's parade but how is this DAO going to make profit?? Selling ad space like Google?? Has anyone done the math(s) or is it just a brilliant idea, so jump in and shut up?

If you think I'm talking rubbish, tell me if your 0.7.2 wallet is working after picking up your DAO tokens. How you going to vote without a working wallet? I guess if you're buying only for the initial PnD then it doesn't really matter. All I'm seeing is crowdsales breaking records without even proper working wallets. No crapcoin would get away with that.

Interesting, but he sounds a bit up his own buttocks

Indeed massive publicity about DAO tokens even I have a stash of them just in case it does go to the moon when hitting markets and value sky rockets. Interesting to see DAO has raised over $18mill and counting. The way it goes if it continues no doubt maybe see another coin hit the top 10 on release. Not much of a mining period but still massive amounts of funds added into it already. More that come out like this and others in past the more it looks like a new level of HYIP and investments and just moving on to the next big thing and next and moving on and on. If this does make it then happy days. Currently following and seeing more and more news popup, in all honesty too much publicity, can easily destroy a coin. Who know's, only time will tell with this crowdfund  token of its future.

Only $1 million and change to reach the number two spot. It would probably be there already, but the price of ETH is going down somewhat. I expect it to easily be at the number two spot by the time the DAO price increases in 5 days, probably sooner.

just know etheoroom is a vaporware at this point. there is no proof this crap is working, there is no proof any useful dapp or dao, there is no proof any these craps dapps/dao even working. heck, this crap wallet(mist) is seem like it was coding by a little middle school kids. this eth $800million market cap only have about 8,000 btc to trades around, liquidity. basically from $800million market cap to $0 only take 8000btc on poloniex, this crap will only hype and survive around poloniex. period.

The DAO and the Ethereum foundation currently own about 3/4 of all ETH supply this locking it up in their vaults which means that there is less ETH available in supply for others to buy. Less supply with the same or more demand usually means price increase. No idea where you get the idea of price falls from.

http://themerkle.com/the-dao-holds-over-38-of-entire-ethereum-supply/

Wow they already collected more funds than ethereum, let's hope it will not lead to a bubble.

over 55,000 BTC (equivalent) at the moment.

I'll be lucky to recoup my original investment at this point.

Live and learn.

Edit: DAO now has 3.5% of the current ETH coin supply

"I'll be lucky to recoup my original investment at this point."
Why do you say that? tia

overvalued

We're at peak ICO at this point.  The streets will run red as we approach the halving

So...I went to Bittrex and transferred a smallnumber of  Eth as an experiment , which as far as I can tell should have "become" Dao.
It says it should take 30 minutes to update. But 10 hours later nothing is showing?

What am I missing?

I think they advise not sending directly from exchange.

Daohub has collected 55k Bitcoins so far?  :o Really?
I considered to buy a little stack before 15th May but I think now that the project is absolutely overhyped.

so it's 10ct per share atm.

Looking at DigixDAO (which does not seem to me very special) and its 13$, TheDAO could be a good investment ^^

isnt the price tied to ETH? So if you want out you can swap directly back into ETH.

yes, 1 ETH = 100 shares = rougly 10 dollars => 10ct per share

I mean when you want to convert back out of DAO is it not again a straight swap 100 dao = 1 eth.

The DAO is very good news for Ethereum, the project with all of its complexities is very interesting, sure there are some doubts and difficulties ahead, but if the project succeeds then it would set a tremendous precedent.

They have edited list: Tesla Model 3 was added and The DAO was removed.
Does anybody know why?

List of highest funded crowdfunding projects.. (https://en.wikipedia.org/wiki/List_of_highest_funded_crowdfunding_projects)

I've found in Revision history (https://en.wikipedia.org/w/index.php?title=List_of_highest_funded_crowdfunding_projects&action=history) that somebody (with nick Pobri19) constantly removes The DAO from the list with the comment:

Is DAO a scam to get the people at Slock IT rich? Why is it not? Why is it good?

It is written that I can withdraw the ether when I like. How would it be possible technicaly?

If I have another cryptocurrency I can always sell it and get something else but it wil not always be the amount I put in.

There is an official way How to split the DAO (https://github.com/slockit/DAO/wiki/How-to-split-the-DAO)

Also you could sell your stake to someone else, which will be much simpler  :)

When DAO trading will start?

etheruem only have about 8,000btc of all the $800million market cap.
if dao decided to dump their eth and get real cash to fund their coding, marketing and hiring then this scam vaporware etheureum could drop from $800million market cap to $8million in an instant.

Funding ends May 28th so it will be shortly after.

The DAO can't decide anything of the like without putting the vote to holders. Most of which are long in ETH so wouldn't vote for such an action. Seriously you naysayers need to get a grip on your disgusting lies and FUD.

Over 40 million raised now  :D

After the funding period ends (28 MAY 09:00 GMT)

Why are they giving us a headache lol Just bought hundreds of DAO as i only have few ETH.
Installing Mist wallet made my transaction easy than figuring out daohub. I spent an hour or two reading the whole instructions over and over.  Anyway, it is indeed a very revolutionary idea.

interesting how lisk n dao go at launch

And ethereum is broke as a joke now. They even had to shut down their forum over $300 per month.

It would be interesting to see The DAO break away from Ethereum - is that even possible?

No.

The DAO as a concept is a great idea - it enables potentially large funds to be gathered from a large number of people in the world with very few barriers to entry - no regulatory barriers, only technical ones dealing with a crappy Ethereum Mist wallet (in German Mist means dung!) and quite complex procedures for voting etc.

($48 Million raised so far in THE DAO!)

Once these barriers are more or less removed so that non-techie participants can join in, I can see billions or more flowing into these DAOs. After all we are in a world of huge debts and huge savings sitting doing nothing as there seems little point in keeping funds in banks earning nothing or putting them into an overvalued stock market.

One potential barrier for investors in DAOs is that the funds are stored in ETH rather than BTC, with the risk of the ETH value plunging on conversion to fiat. I wonder if there can be a way for a new DAO to be created on the Ethereum blockchain with its smart-contract abilities but with storing the value in BTC rather than in ETH?

Because the DAO is autonomous and will send funds to a public key once the voters agree to do that - it must hold the ETH private key somewhere (encrypted of course) - so why cannot the DAO funds be deposited in BTC, the DAO hold the BTC funds and private key - and disburse BTC to the projects.

If this was a possible scenario then I can see huge funds flowing in to such a DAO.

Any ideas?

Slock it talks about etherium wallet can I use ethereumwallet.com to send the ETH or do I have to install the desktop software that they have at github?

I completely agree with you. I cant believe what we are in front of. It actually is a little scary when you see the value in eth and now the dao. Its a life changer right now I believe.

Poloniex added support for the DAO token sale, joining Gatecoin and Bittrex as the 'big' exchanges offering the service.
http://themerkle.com/poloniex-adds-support-for-the-dao-token-sale/

It could be possible now that BTC Relay is up and running. That wasn't really an option when this DAO was being formed, but a future DAO could theoretically use this to store BTC as a backing value for their tokens on the Ethereum network and just utilize the contracts as a way to manage the organization while keeping all their funds in BTC. That would obviously be a bit more involved and that whole concept is still fairly experimental, but it is definitely a scenario that is on the table so to speak.

Excited about DAO as well. I don't have much to invest but yeah. I can see the project may go on as what is expected.
I only hope it won't take a year before the price of DAO burst.


Really? why is it on the exchange if its not to them yet?

I know u can cash out , BUT can you keep it on an exchange and watch the DAO price go up ?

2.  Do you auto get involved in a project if you just keep it on Bittrex ?

Please explain to me what this "Fantastic opportunity" consists of. Proposals will eat away the invested founds and there will be a very long time before anyone invested can get any dividents.

I have a feeling Ethereum is going to dump so hard ...

And the reason for the hard dump is?

Currently raised: 143,680.2 Ƀ 

If the ICO ends today what would be the total DAO tokens supply. Is there a formula?


 
 

I was thinking of investing in DAO. Sud I invest through Polonix channel

It's recommeded to invest through the Mist wallet from your machine.

Hi guys just want to ask if there's a potencial for DAO in the future if they release it officially.. more people are asking about DAO but i cant answer because i really dont know if DAO has a potencial to grow in the future..

Me either, i invested a little amount because it is too risky for me. There are a lot of ICO investors on board. I my view, it is not usual and I guess a lot of will sell after release what will dump the price. So I save some Bitcoin in order to buy when the price (hopefully) get dumped.

Lets vote NO to slock.it.

Slock.it has zero chance of adoption, and we would basically be paying them for the brand name and nothing else. They have no deals behind the scenes or any proprietary technology.

The forum should be paid for by the private investors or the community. BitcoinTalk is one example.

They decided not to shut down their forum.  It was a political thing - not a money thing (they never took miners up on offering to fund it)

Will be entertaining to watch all the tears flow again, but that's about it

Sorry I missed it, the supply is also showing in the main page

 739.85 M
DAO Tokens Created

Emerging Technologies, And Why My Blockchain Will Soon Take Your Job

https://fronteranews.com/news/can-company-mind-blockchain-will-forever-change-way-business/

What will happen if I vote for not supporting a proposal will the vote of the majority decide that my ETH will be used anyway?

What will happen if users have decided to sponsor so many failed projects so that all ETH in the DAO-found is gone and zero ETH remains?

How much percent divident goes to DAO-holders compaired to how much goes to Slock IT?

This whole DAO thing just seems like a bad idea.  There's a reason that there is corporate leadership instead of a bunch of know nothings voting on proposals.  Get ready for some seriously bad screw-ups.

It isn't going to be know nothings voting. 

Largest DAO holders are largest ETH holders as well,  they will pass proposals that benefit ETH and The DAO

Just because you own a few ETH doesn't mean that you have good business skills.  Bottom up control of a business is a terrible idea.  I guarantee it.

Yup...  It's amazing really.  At least people will find out about crypto thru the DAO's spectacular crowd funding campaign. 

Just sitting back and watching.  Can't wait until this gets listed in the exchanges.

True.  But I'm really curious how this all pans out.  Whatever the outcome is, good or bad, it's gonna be something new and something to learn from.

https://i.imgur.com/1ZILylJ.gif

[ANN] The DAO available for pre-launch trading on OpenLedger  (Read 1561 times)
https://bitcointalk.org/index.php?topic=1470496.0

^ Not enough volume...  Even with Openledger.

will you be able to trade after the end of the ICO? Imean will you be able to trade them for ETH only or also for BTC?

Whats the difference to have the DAO in a wallet than in an exchange now?

yeah corporate leadership has always worked for the best for the working man so by dare question and try to change it. Your masters know better what you need and desired than yourself. And don't you forget it.

Lol true

I'm not saying that corporate leadership always knows best.  Actually, I think a lot of corporations are run by total morons who end up destroying their companies due to greed.  What I am saying is that bottom up control of a corporation will lead to terrible decisions being made which will hurt everyone, employees included.

What about wisdom of the crowd?

I think the biggest potential for it is in managing funds of online communities, but not corporations.

Maybe, maybe not.  We'll see.

Firstly the DAO is not bottom up. It's lead by all stakeholders who would like to see a return on their investment. Even if it was why with what you say about corporations run by morons roudvuu be happy with that status quo?

Going to number 1  ;D

Corporations that are run by greedy morons deserve to lose their customers and go bankrupt.  Quite frankly, I'm sick of these corporations who are too cheap to produce a decent product and don't take pride in their work.  It's to the point where it is basically robbery of the consumer.  On that note, imo the only solution to poor corporate leadership is good corporate leadership.  It might sound like a good idea to have shareholders vote on corporate decisions, but let's analyze it further.  How finely-grained are the votes going to become?  Are the shareholders going to vote on every single thing such as hiring and firing employees?  What is the necessary quorum to these votes?  Most small shareholders will simply not vote.  Therefore quorum will have to be set at a low level to get any proposal the necessary votes.  This in turn leads to a small minority of ownership deciding the fate of the company.  Additionally, just because someone has stake in a corporation doesn't mean that they are management material.

DAO in fortune mag:

http://fortune.com/2016/05/15/leaderless-blockchain-vc-fund/

Ya but I thought that if you own say 1000 tokens.   In your account.  I taught I read that they deduct 50% to give to the company who wants the funds , another words if the majority votes yes I thought you still have to give your tokens , no I'm not taking about getting out , I talking about just KEEPINg the tokens and building them up , So if you have them in a ETH wallet do they take the tokens OR if you keep them in bittrex account to they take the because your at the mercy of bittrex vote for you

This is what I'm taking about you say your free to cash out if you don't like there action , but what if I want to keep the DAO and not invest it just keep it to see if the price goes up . So your saying that I have to either invest or get out , can't I just keep the DAO

http://bravenewcoin.com/news/the-dao-could-become-the-largest-crowdfunded-project-in-history-this-week/

http://bitcoinist.net/the-dao-largest-crowdfund-to-date/

You can keep the DAO. You are free to invest or not in whatever DAO projects you vote for.

Hilarious.. the crowd is the stupidest pieces of shit on earth.

The crowd is responsible for screwing up Crypto bad !

Open your eyes and look around.. a crowd of greedy morons.

In other words an illegal digital pyramid scheme.  ::)

What properties makes it a pyramid scheme (if we don't consider Ethereum and other cryptos to be one)?

Dao is getting media attention more and more..

It's a new era for a clean company that works with wisdom of the crowd..

And i think price per DAO will reach more than 5 dollars in few years because people will split and quit DAO when ethereums price gets higher! Then the DAO's whose without splitted will be more valuable..

In DAO we trust! :)

Basically the dao is people investing $130+ million on improving the ethereum blockchain.

Ethereum now has an investment fund bigger than the market caps of most other crypto currencies.

It is time to dump your shitcoins for ETH before you get left in the dust.

Smart contracts? Dapps?  DAO? Daohub?  since ETH appeared my dictionary looks outdated. :)

Amen. Nothing more needs said.

it has nothing to do with improving the ethereum blockchain.  the purpose is to raise money for projects built on ethereum where the investors have less control over their money than a regular ico.


which you can withdraw from.. at least you've realized it's not a crowdfund.


it's actually time to get your eth ready to dump lol.  as soon as the crowdfund is over, while you might have a short media pump, the thing is gonna dump hard.

You were the same guy that went off on Ethereum when it was under a dollar. If anything, it's the old timers here I'd choose to ignore. You seem really angry, life can't be that hard.

Aaahh.  The Vitalik planned it well...  Now expect little angry bitches whining out of jealousy and envy!  Hahahahaha!

Lol, That explain it better, The  Terminology is incomplete yet.


DAOs, DACs, DAs and More: An Incomplete Terminology Guide

https://blog.ethereum.org/2014/05/06/daos-dacs-das-and-more-an-incomplete-terminology-guide/#comment-2740

It's spelled the same way..

https://www.cryptocoinsnews.com/wp-content/uploads/2014/12/scam-keyboard.jpg

Ya like i am going to buy some "Crowd Fund" coin with my hard earned REAL money  ::)

I am sure you will all be rich and live happily ever after too huh ?
No investing in digital pyramid schemes on sketchy exchanges is not at all risky ROFL

insert.. take_my_money_now.jpeg

Wouldnt say DAO is a scam. Its rather the first smart ponzi scheme on the Etherchain.

I'm sure we will see a lot of more ponzies like this. Maybe the same people will also make a DAO for LISK.


They said cropty will replace the banking system in the future. We are on a good way now. Why buying synthetic CDOs from Goldman Sachs if you can get fucked up the same way with buying clusterfucked DAOs?

When buying potatoes in afghanistan you can get fucked the same way as buying a car in china?

Im curious to see id DAO turns out to be legit.  I'm just scared things/voting will be mismanaged or overpowered by those who have the most DAO to choose direction of votes. :(

Is there any gain if we invest in DAO.. Lets say when I invested in DAO, the ETH rate was 10$, after 1 or 2 days, the rate went to 13$.

So as a investor will I gain anything from the ETH price surge or nothing?

You would gain from the increase in the amount of $ funds the DAO has to invest.

You could also take any ETH not put towards a proposal out of the DAO and sell it.

Here comes the rain.

Both DAO and ETH do really compliment each other, a win-win situation without a doubt.

There's a good article about the risks, that DAO may face soon http://cointelegraph.com/news/dao-episode-2-risks-ahead-or-can-the-experiment-fail I think, maybe it's not so bad to have some "major shareholders" who invested in DAO heavily and care enough to analyze proposals and vote on them. It's better than have no decisions made at all because of poor voter participation.

The gain is the increasing Eth price. Since the ICO of DAOHub is binding a lot of Eth, the price of Eth pumped. In a short time it is possible to release the invested Eth from DAOHub again and then you should try to sell the ETH as one of the first, then you could make a good profit. I read this approach in a local Bitcoin forum several times (not here on BTCTalk).

The 100 Most Influential Blockchain Companies


http://richtopia.com/companies/top-100-blockchain

DAO is 26 on the list...

Building A Universal Sharing Network On Ethereum And A $150M DAO With Stephan Tual


https://cryptojunction.com/video/stephan-tual-building-universal-sharing-network-ethereum-150m-dao/


if i understud well,after the lounch of DAO ,u can extract yr ethereum from the DAO platform (( if u dont vote for a proposal...ofcourse))after 20-30 days...

Observe the debate after the minute 56....and pay attension

the DAO project will also be amazing for the Nigerian exonomy we did a article on it recently
https://btc.ng/market-news/dao-project-brings-countless-opportunities-in-nigeria/

what do you think about the DAO tokens prospect to raise awarensess of crypto in Africa... ?

The DAO (Pre-Launch) (DAO) $ 0.18285   0.00040609 BTC

0.15$ is ok too for me :D
by the way, road to 1$ atleast  8)

Third Key Solutions Decentralized Arbitration and Mediation Network to bridge law and smart contracts

http://bravenewcoin.com/news/third-key-solutions-decentralized-arbitration-and-mediation-network-to-bridge-law-and-smart-contracts/


..........Other than the project description and plan, there is a preliminary budget on the page listing the proposed funding needed in stages, divided up into milestones. “We are considering submitting a proposal to the DAO,” Morgan explained about the plan for finding the funds needed, “but we're open to other funding options so long everyone agrees to open source all work product.”.............

In effect when you transfer DAO from bittrex to the ETH wallet are you transferring DAO address or the ETH address associated with the DAO, another words those the DAO have its own address that you own we're all your DAO is located ?

why every day the quantity of the DAO token  decrease in the Daohub.org for about 9M  more or less?

Ethereum's price has plummeted.

Yes. It might drop to 0.014 or lower, that will make mining unprofitable for some high cost miners.

Node40 Financial Reporting Service a Compliance Savior?

http://bitcoinist.net/node40-financial-reporting-savior/


..........
While there are no immediate plans to expand Masternode Financial Statements to Ethereum, Ryan and Woodin say it could be possible with enough time and resources.

If this software does ever make it to Ethereum, the duo says that it could have use for the wildly successful DAO, and other projects like it.

As the DAO starts to fund projects and traders exchange DAO tokens, Node40 says that there may be confusion when it comes to reporting financial activity to the IRS.

When it comes to something like the DAO, Ryan says that his initial research reveals that “the rules for accounting for all transactions are more complicated than standard fiat currency.”

With such complications, people participating in the DAO will have to be extra careful, and a robust financial reporting tool centered on blockchain technology might be just what they need.............

Hello!

Do you have any info if poloniex.com is going to trade DAO?

Cheers

https://www.poloniex.com/exchange#btc_dao

http://forklog.net/the-dao-will-give-birth-to-the-companies-that-otherwise-wouldnt-have-existed-interview-with-founder-of-slock-it/

JAXX Bitcoin/Ethereum wallet - DO NOT USE



https://bitcointalk.org/index.php?topic=1434101.msg14683957;boardseen#new

The attacker joined the DAO slack and posted btw. http://pastebin.com/CcGUBgDG



===== BEGIN SIGNED MESSAGE =====
To the DAO and the Ethereum community,
 
I have carefully examined the code of The DAO and decided to participate after finding the feature where splitting is rewarded with additional ether. I have made use of this feature and have rightfully claimed 3,641,694 ether, and would like to thank the DAO for this reward. It is my understanding that the DAO code contains this feature to promote decentralization and encourage the creation of "child DAOs".
 
I am disappointed by those who are characterizing the use of this intentional feature as "theft". I am making use of this explicitly coded feature as per the smart contract terms and my law firm has advised me that my action is fully compliant with United States criminal and tort law. For reference please review the terms of the DAO:
 
"The terms of The DAO Creation are set forth in the smart contract code existing on the Ethereum blockchain at 0xbb9bc244d798123fde783fcc1c72d3bb8c189413. Nothing in this explanation of terms or in any other document or communication may modify or add any additional obligations or guarantees beyond those set forth in The DAO’s code. Any and all explanatory terms or descriptions are merely offered for educational purposes and do not supercede or modify the express terms of The DAO’s code set forth on the blockchain; to the extent you believe there to be any conflict or discrepancy between the descriptions offered here and the functionality of The DAO’s code at 0xbb9bc244d798123fde783fcc1c72d3bb8c189413, The DAO’s code controls and sets forth all terms of The DAO Creation."
 
A soft or hard fork would amount to seizure of my legitimate and rightful ether, claimed legally through the terms of a smart contract. Such fork would permanently and irrevocably ruin all confidence in not only Ethereum but also the in the field of smart contracts and blockchain technology. Many large Ethereum holders will dump their ether, and developers, researchers, and companies will leave Ethereum. Make no mistake: any fork, soft or hard, will further damage Ethereum and destroy its reputation and appeal.
 
I reserve all rights to take any and all legal action against any accomplices of illegitimate theft, freezing, or seizure of my legitimate ether, and am actively working with my law firm. Those accomplices will be receiving Cease and Desist notices in the mail shortly.
 
I hope this event becomes an valuable learning experience for the Ethereum community and wish you all the best of luck.
 
Yours truly,
"The Attacker"
===== END SIGNED MESSAGE =====
 
Message Hash (Keccak): 0xaf9e302a664122389d17ee0fa4394d0c24c33236143c1f26faed97ebbd017d0e
Signature: 0x5f91152a2382b4acfdbfe8ad3c6c8cde45f73f6147d39b072c81637fe81006061603908f692dc 15a1b6ead217785cf5e07fb496708d129645f3370a28922136a32

LTB Live - TheDAO TheFork TheFallout




https://www.youtube.com/watch?v=RHcLKrkwPLQ


Published on Jun 18, 2016
A live show recorded in the aftermath of the DAO's draining of funds by an unknown actor. In this show, Andreas M. Antonopoulos moderates a discussion with guests Pamela Morgan (attorney), Brian Klein (attorney) and Taylor Gerring (Ethereum Project co-founder), with live twitter Q&A and participation from the DAO slack channel.



someone can learn alot about dao from this video

Fix :

https://github.com/ethcore/parity/commit/42478add648f2f44670c3859044d725171a33068#diff-0a229ee5988e1a97f1bb37dbb2f7028dR106

Starting from Block 1760000 ........ 4 days from now...


 has to be  approved though ........

So far, more than 70% of the miners approved the soft fork and hold the "stolen (hacked))" funds. This is the first time I see the power of the miners.

worth read...


https://blog.colony.io/why-a-post-hard-fork-ethereum-will-be-more-valuable-abc35bbf6e98#.totpdos4h

https://www.reddit.com/r/ethereum/comments/4r1k19/a_pyethereum_revampinprogress_purification/


....................The entire state, including prevhashes/environment/uncles, can be serialized/deserialized to and from a json declaration. For example, this file is a state snapshot file after 199k blocks. If you download that file, you can literally start syncing the blockchain from there as if the snapshot was the genesis, and you or your client do not ever have to know that anything before that point even existed. Note that historical logs are not covered by this, though if desired they can be added as an attachment....................