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even if no action is taken, the attacker will not be able to withdraw any ether at least for another ~27 days (the creation window for the child DAO)

Eh?

They are saying -

1) Blacklist the address with a soft fork - so hacker can't cash out.

2) Then wait and do a hard fork to get the Ether back.

It doesn't seem like DAO can recover the funds in a straight forward way..

..

I don't like.

I feel for those who lost, BUT this could be done to ANYBODY, for any reason, and all it took was Vitalik and Co's say so.. So Ethereum could be coerced with 1, maybe 2, guns to a couple of heads..

That's not cool. (And it's certainly not decentralised)

AGAIN - 'Ethereum' should stay well away. This is none of your business. Your network is doing exactly what it was meant to. And running fine. Let the chips fall.

NXT did NOT fork after the BTER hack, that was the correct decision then , and is the correct one now.

a hard fork is just not decentralised crypto currency anymore, it's something else

Wait , so perhaps the DAO needs to be renamed to CAO - Centralized Autonomous Organizations

Wait , so perhaps the DAO needs to be renamed to CAO - Centralized Autonomous Organizations

Can't do it. CAO means 'fuck' in chinese, DAO - the road.

why? they can fork if needed, i don't understand

https://www.reddit.com/r/ethereum/comments/4oiqj7/critical_update_re_dao_vulnerability/

ETH Hardfork incoming.
THIS is not a decentralized system!


That means it takes only two nerds to exclude anyone they don't like.
They are in Russia imagine what would happen if the KGB comes and demands something.
Thats it ETH is officially dead along with DAO, this has nothing to do with a decentralised system.

I am out sleeping better with BTC.

Fall in line , and Obey your masters or we will hunt you down and DOXX you, mETH users!

https://twitter.com/DanDarkPill/status/743789597482692608

https://pbs.twimg.com/media/ClJ7BrRWgAAZEZu.jpg:large

Fall in line , and Obey your masters or we will hunt you down and DOXX you, mETH users!

https://twitter.com/DanDarkPill/status/743789597482692608

https://pbs.twimg.com/media/ClJ7BrRWgAAZEZu.jpg:large

The Etheruem developers propose a change to invalidate the hacked Ethereum. If you do not agree with them, you do not have to run the hard fork.

The ETH developers can propose all the hardforks they want. It's still ultimately the miners and users who decide whether to comply or not. It's exactly how a decentralized system works.

Yes the money wasn't even technically "stolen". It was acquired through a shitty code....
Hardfork means that single persons decide whats wrong or right. That's not the way it should be.

The ETH developers can propose all the hardforks they want. It's still ultimately the miners and users who decide whether to comply or not. It's exactly how a decentralized system works.

Rationalize it all you want , but whether it is the developers pushing the miners or the miners independently deciding on the HF , the end result is the same. This is a HF to seize assets targeted at 1 specific user that was legitimately and legally acquired. Remember in Smart contracts code is law , and the "hacker" was following the law, therefore there was technically no hack and the contracts completed as designed!

Ripple is far superior and better then ETH

THIS needs to be plastered everywhere. Rock the fuck on for being the captain obvious that no one wants to hear right now.

Well a few days back I thought the future of Ethereum is still in question, but not anymore it's a sure death. Good bye ETH.

Then Bitcoin is not decentralised either. It was hard forked twice.

Sure and the HF alt created when the chain splits will be exposed to regulatory threats and will need to hire a bunch of lawyers and at the same time undermine the trust in the network. What happens when the FBI knocks on the Ethereum foundations door and asks for another soft or HF to disable or freeze assets on a naughty smart contract? Great job guys!

Can't do it. CAO means 'fuck' in chinese, DAO - the road.

Exactly.  Even if done for "good" reasons today, this proves it can be done for any reason at all.  Got smart contracts the government doesn't like?  Shut it down!

That's finally prove how is CENTRALIZED ethereum. Is a tota FAILED project.
This prove that in future for ANY reason, vitalik could Hard Fork eth.
This is totally not DECETRALIZATIONS!!!

Back to Uncle BTC

Witalik could not Hard Fork eth. We will decide if we let that happen. This is a democratic process. His proposal may not be accepted.

Just fact that vitalik thinked about HF means eth is not decentralized.
Total fail!

The miners will decide if there will be any soft or hard fork. The hacker is also trying to bribe the miners at the moment.

Stephan Tual is upset because HE was meant to steal that money...

Which indicates the Nash equilibrium and thus coin security is entirely broken (https://bitcointalk.org/index.php?topic=1515550.msg15292305#msg15292305).

That is the beauty of mining. I think it is the first time the miners have some say in a important matter in the history of crypo currency.

In the bitcoin, the Chinese miners want to have bigger block size to accomoodate more transactions, but it was rejected/delayed by the developers.

You probably meant the Chinese mining pools, not solely "the Chinese"; unless you're either a governmental official off course, or perhaps Xi Jinping in disguise...
Yet this topic is about Ether and their DAO 'situation', on which your post has absolutely nothing to contribute other than post count for your signature campaign.

Oh, and btw, what you're stating, is more like the other way around...

That is the beauty of mining. I think it is the first time the miners have some say in a important matter in the history of crypo currency.

Do we still need hard fork?

https://np.reddit.com/r/ethereum/comments/4p7mhc/update_on_the_white_hat_attack/

Please try to understand. ETH hard fork is not DECENTRALIZATION.
Eth project failed if they coul simply press "reset button" as they want.

Vitalik lost his credibility with eth.

Why? ETH isn't centralised BTC. It's may turn out to be centralised in its own way. And it may provided the financial authorities with reassurances that the coin can retrieve stolen funds via a fork.

The bitcoin's development is centralised. Many people want big block size, it is not implemented. Ethereum's fate is deteremined by the miners now.

All the coins are centralised in one way or another. I am glad the DAO problem happened so early, the loss can be contained.

If similar problem happened to bitcoin, the damage could be much larger. I hope their SegWit does not have bugs.

That is many lines of new codes. That could be the reason the bitcoin price dropped a lot recently. I am not sure.

If hadrfork will happen - eth will die because it will be centralized ico scam

Hard fork happened in the Ethereum before. It changed from Frontier to Homestead a few months ago.

are you reading this thread? that hard fork was planned and expected and designed to improve the system, something everyone agreed on and was flagged well in advance.

this hard fork is a knee jerk reaction to a poorly designed third party app and solely designed to save asses that don't really deserve to be saved.

So far, the hard fork has been a success. The main chain is much longer and has more hashing power than the other chain.

That is right. The question now if the concept of the hard fork and change of the transactions can be accepted by wide community.

Ethereum Core developer plans to support Ethereum Classic -
https://medium.com/@zsfelfoldi/a-tale-of-two-chains-3f6d58a9df4a#.4vchxki6m

They can say they will support the Classic. But in the end, there will be no Classic to be supported as it will be attacked to death.

As well as the "main" fork.. Both will be attacked to death...

Hard fork itself is a success. The DAO coins will not be obtained by the hackers. The existence of ETC has nothing to do with that.

The listing of the ETC give miners another opportunity to make some profit by mining. But that might not last long.

Most miners think there should be a hard fork.

https://www.reddit.com/r/ethereum/comments/4tffta/hard_fork_voting_and_node_adoption_results/?st=iqsyuhdd&sh=7457dd97

most miners? dude... YOUR source is showing us that : 9% agree - 2% says no - 88% DIDNT VOTED. eighty fuc**ing eight. how could you say most miners think there should be a hard fork???

I just saw the 51% ETC ATTACK POOL - Mining ETH until Hashrate exceeds ETCs
https://www.reddit.com/r/ethereum/comments/4vf7fj/51_etc_attack_pool_mining_eth_until_hashrate/?st=iraizlyq&sh=759e0160

So that the 51pool is wait for the ETC hash rate to drop before it launch the 51% attack. It might take some time.

That is how the democracy works. No vote, no say. If the non votes want to express their votes, they should vote.

Except the invention of blockchains was to get rid of the failures of democracy, and so called democracy has been a failure again as we can see with the split of Ethereum in 2 coins. Now you have the most politically influenced blockchain ever.

How is the original chain politically influenced? I thought there was no "Vitalik" in it that calls the shots. It is more anarchistic without any influence on it from one person or group. But where is the ETC community and how active are they in bringing the original chain to a better future?

If the community does not like the proposal by the Vitalik and other developers, they do not have to adopt his proposal.

That is right. That is why the ETC still exists. However, if it does not have many supporters, it is just a pump and dump tool.

Except the invention of blockchains was to get rid of the failures of democracy, and so called democracy has been a failure again as we can see with the split of Ethereum in 2 coins. Now you have the most politically influenced blockchain ever.

I noticed the ETC price has dropped more than 70% from the peak. That is even before the dump by big holders.

The ETC price has risen a bit in the last few days. But the price is still lower than the price a week ago.

In the past week, the price of ETC is more stable than the ETH. It seems it has some people to stablelise the price.

The Etheruem developers propose a change to invalidate the hacked Ethereum. If you do not agree with them, you do not have to run the hard fork.

And thats exactly what we did! Thats where ETC came from.. Its the true decentralized Ether, and the best part is we shook off the "cult of Vitalik" in the process. Win win!= Keep our original coins AND stay decentralized AND Piss off the Cult. Life couldnt be better.