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Alternate cryptocurrencies => Altcoin Discussion => Topic started by: philipma1957 on June 17, 2016, 04:30:59 PM



Title: DAO IS HACKED SO WHAT HAPPENS TO ETH COIN?
Post by: philipma1957 on June 17, 2016, 04:30:59 PM
Okay DAO is hacked ETH coin is rocked. Exchanges have frozen and un frozen ETH exchange.

ETH was over 21 usd down to 14 usd.

A fix has been made.  WIll the events make ETH coin a big winner  loser or more or less neutral?

cast a vote from now until 26 days from now.   We will know if fix fails in 27 days.

My thoughts are  if the fix takes  just after the BTC ½ ing ETH coin will soar over $50.00

I modded this but I rarely will delete post.  Have fun both haters and lovers of the coin are welcome.

my vote was soar over $50 usd as usual I am an optimistic dude.


Title: Re: DAO IS HACKED SO WHAT HAPPENS TO ETH COIN?
Post by: Biodom on June 17, 2016, 04:40:03 PM
Okay DAO is hacked ETH coin is rocked. Exchanges have frozen and un frozen ETH exchange.

ETH was over 21 usd down to 14 usd.

A fix has been made.  WIll the events make ETH coin a big winner  loser or more or less neutral?

cast a vote from now until 26 days from now.   We will know if fix fails in 27 days.

My thoughts are  if the fix takes  just after the BTC ½ ing ETH coin will soar over $50.00

I modded this but I rarely will delete post.  Have fun both haters and lovers of the coin are welcome.

my vote was soar over $50 usd as usual I am an optimistic dude.

voted for over 50 for eth.
I assume that the best scenario is to dissolve the DAO, return all eth to investors, block the "bad" child, make a new DAO (or not).
I don't think current DAO will survive. Who would vote for anything there? Nobody.
Not doing anything seems impossible. There will be a lot of complains from the "pure", though.


Title: Re: DAO IS HACKED SO WHAT HAPPENS TO ETH COIN?
Post by: philipma1957 on June 17, 2016, 04:51:32 PM
Okay DAO is hacked ETH coin is rocked. Exchanges have frozen and un frozen ETH exchange.

ETH was over 21 usd down to 14 usd.

A fix has been made.  WIll the events make ETH coin a big winner  loser or more or less neutral?

cast a vote from now until 26 days from now.   We will know if fix fails in 27 days.

My thoughts are  if the fix takes  just after the BTC ½ ing ETH coin will soar over $50.00

I modded this but I rarely will delete post.  Have fun both haters and lovers of the coin are welcome.

my vote was soar over $50 usd as usual I am an optimistic dude.

voted for over 50 for eth.
I assume that the best scenario is to dissolve the DAO, return all eth to investors, block the "bad" child, make a new DAO (or not).
I don't think current DAO will survive. Who would vote for anything there? Nobody.
Not doing anything seems impossible. There will be a lot of complains from the "pure", though.

I see this as a big chance for Eth coin if the coins are recovered it would be a first that I know of in the crypto world.  The publicity would show that ETh has a safety net that btc does not have and it comes right after the BTC ½ ing.

I am excited to see most people are not agreeing  in the poll .  But this really looks like a chance for a big up swing around July 13th if all coins are recovered.


Title: Re: DAO IS HACKED SO WHAT HAPPENS TO ETH COIN?
Post by: Spoetnik on June 17, 2016, 04:56:50 PM
Explain to us all why Ethereum would go to over $50 a coin when it's been hacked and crashing fast.

Are you just Trolling us or what .. you can't be serious.

Nice self mod too ahhahahhaha  :D


Title: Re: DAO IS HACKED SO WHAT HAPPENS TO ETH COIN?
Post by: amacar2 on June 17, 2016, 05:06:51 PM
Actually DAO network is hacked but i don't think even ethereum foundation can stop those 2 million stolen ethereum from trading. So when this eth will be released after 27 days (as said in ethereum blog post), i am sure market will be not as much strong as now because there will be always a fear of massive dump due to this 2 million in hand of hacker.


Title: Re: DAO IS HACKED SO WHAT HAPPENS TO ETH COIN?
Post by: blackyblack on June 17, 2016, 05:09:34 PM
A fix has been made.  WIll the events make ETH coin a big winner  loser or more or less neutral?
You are wrong, there is no fix. DAO is still vulnerable to the attack.


Title: Re: DAO IS HACKED SO WHAT HAPPENS TO ETH COIN?
Post by: Hueristic on June 17, 2016, 05:45:32 PM
Voted "CRASH UNDER $5.00" but do to the amount of braindead throwing BTC at ETH It will probably moon as a feature. :)

ETH -23
DAO -41

And thats with polo crashing under load from the pansies scurrying from the sinking ship.


Title: Re: DAO IS HACKED SO WHAT HAPPENS TO ETH COIN?
Post by: philipma1957 on June 17, 2016, 05:46:49 PM
Explain to us all why Ethereum would go to over $50 a coin when it's been hacked and crashing fast.

Are you just Trolling us or what .. you can't be serious.

Nice self mod too ahhahahhaha  :D

A hater cool.  So your vote is crash and burn correct?



Title: Re: DAO IS HACKED SO WHAT HAPPENS TO ETH COIN?
Post by: Biodom on June 17, 2016, 06:35:20 PM
Voted "CRASH UNDER $5.00" but do to the amount of braindead throwing BTC at ETH It will probably moon as a feature. :)

ETH -23
DAO -41

And thats with polo crashing under load from the pansies scurrying from the sinking ship.

stupid is as stupid does...it is an opportunity (for the patient).


Title: Re: DAO IS HACKED SO WHAT HAPPENS TO ETH COIN?
Post by: VirosaGITS on June 17, 2016, 06:36:59 PM
Explain to us all why Ethereum would go to over $50 a coin when it's been hacked and crashing fast.

Are you just Trolling us or what .. you can't be serious.

Nice self mod too ahhahahhaha  :D

A hater cool.  So your vote is crash and burn correct?



I dont think Eth will Soar to 50. But if they hardfork and thus show ETH is not decentralized, i think it will crash and burn. If it doesnt i think it will recover and 50$ might be doable by the end of the year.


Title: Re: DAO IS HACKED SO WHAT HAPPENS TO ETH COIN?
Post by: European Central Bank on June 17, 2016, 06:39:50 PM
I genuinely don't believe most traders care whether it's decentralized, centralized, inflationary, run by mice or hovers ten feet above the floor. There's plenty of money sloshing around and it moves around. That's enough.


Title: Re: DAO IS HACKED SO WHAT HAPPENS TO ETH COIN?
Post by: adaseb on June 17, 2016, 06:46:44 PM
Why is it that when mining becomes EXTREMELY profitable there is always something like this that happens and mining profits start going downhill.

Back in 2014, Mt.Gox was what killed mining for both ASICs and GPUs (Litecoin/Dogecoin).



Title: Re: DAO IS HACKED SO WHAT HAPPENS TO ETH COIN?
Post by: ATA Group on June 17, 2016, 06:48:41 PM
I genuinely don't believe most traders care whether it's decentralized, centralized, inflationary, run by mice or hovers ten feet above the floor. There's plenty of money sloshing around and it moves around. That's enough.

Thats true 99% don't even understand the stuff. But if the overall perception is negative than its over.


Title: Re: DAO IS HACKED SO WHAT HAPPENS TO ETH COIN?
Post by: Biodom on June 17, 2016, 06:49:47 PM
Why is it that when mining becomes EXTREMELY profitable there is always something like this that happens and mining profits start going downhill.

Back in 2014, Mt.Gox was what killed mining for both ASICs and GPUs (Litecoin/Dogecoin).



because schadenfreude is strong in man a.k.a Homo sapiens.

my attitude is as follows: barring the whole protocol fiasco, which is also possible, both ethereum and bitcoin are virtually inderstructable units/entities that are useful to exchange objects and produce work. With this premise, an exact current price is less relevant, but what is significant is the steady state value of the unit (in the future).


Title: Re: DAO IS HACKED SO WHAT HAPPENS TO ETH COIN?
Post by: VirosaGITS on June 17, 2016, 06:50:59 PM
I genuinely don't believe most traders care whether it's decentralized, centralized, inflationary, run by mice or hovers ten feet above the floor. There's plenty of money sloshing around and it moves around. That's enough.

Thats true 99% don't even understand the stuff. But if the overall perception is negative than its over.

Miners typically care about the profitability for their hardware and thus dont care about what traders may think. In a sense, good traders can see a crash as a good thing.


Title: Re: DAO IS HACKED SO WHAT HAPPENS TO ETH COIN?
Post by: philipma1957 on June 17, 2016, 06:57:02 PM
Voted "CRASH UNDER $5.00" but do to the amount of braindead throwing BTC at ETH It will probably moon as a feature. :)

ETH -23
DAO -41

And thats with polo crashing under load from the pansies scurrying from the sinking ship.

stupid is as stupid does...it is an opportunity (for the patient).

I look at this as a chance to buy very low then it will rise after the ½ ing so I am in your camp.

I will mine and hodl my eth from now until the ½ ing.  I did roi already. I can hodl what I mine.


Title: Re: DAO IS HACKED SO WHAT HAPPENS TO ETH COIN?
Post by: Biodom on June 17, 2016, 07:06:40 PM
Voted "CRASH UNDER $5.00" but do to the amount of braindead throwing BTC at ETH It will probably moon as a feature. :)

ETH -23
DAO -41

And thats with polo crashing under load from the pansies scurrying from the sinking ship.

stupid is as stupid does...it is an opportunity (for the patient).

I look at this as a chance to buy very low then it will rise after the ½ ing so I am in your camp.

I will mine and hodl my eth from now until the ½ ing.  I did roi already. I can hodl what I mine.

Perhaps, let it go a few rounds (lower) before buying.


Title: Re: DAO IS HACKED SO WHAT HAPPENS TO ETH COIN?
Post by: 2dogs on June 17, 2016, 07:22:00 PM
I genuinely don't believe most traders care whether it's decentralized, centralized, inflationary, run by mice or hovers ten feet above the floor. There's plenty of money sloshing around and it moves around. That's enough.

^This.

Traders live for volatility - doesn't matter if the action is up or down.
That said, I just opened a short position on ETH, so it will probably go up, LOL.


Title: Re: DAO IS HACKED SO WHAT HAPPENS TO ETH COIN?
Post by: Amph on June 17, 2016, 07:58:24 PM
I genuinely don't believe most traders care whether it's decentralized, centralized, inflationary, run by mice or hovers ten feet above the floor. There's plenty of money sloshing around and it moves around. That's enough.

^This.

Traders live for volatility - doesn't matter if the action is up or down.
That said, I just opened a short position on ETH, so it will probably go up, LOL.

the funny thing is that etheruem might increase again, because of those that are actually buying in, thinking that it will increase again, not because it will actually increase again for a particular reason

they are the architects of their speculation


Title: Re: DAO IS HACKED SO WHAT HAPPENS TO ETH COIN?
Post by: Biodom on June 17, 2016, 08:01:07 PM
I genuinely don't believe most traders care whether it's decentralized, centralized, inflationary, run by mice or hovers ten feet above the floor. There's plenty of money sloshing around and it moves around. That's enough.

^This.

Traders live for volatility - doesn't matter if the action is up or down.
That said, I just opened a short position on ETH, so it will probably go up, LOL.

the funny thing is that etheruem might increase again, because of those that are actually buying in, thinking that it will increase again, not because it will actually increase again for a particular reason

they are the architects of their speculation


buying in thinking that others will also buy in, causing the very same increase strikes me as a valid reason, not an absence of one.


Title: Re: DAO IS HACKED SO WHAT HAPPENS TO ETH COIN?
Post by: philipma1957 on June 17, 2016, 08:09:13 PM
I genuinely don't believe most traders care whether it's decentralized, centralized, inflationary, run by mice or hovers ten feet above the floor. There's plenty of money sloshing around and it moves around. That's enough.

^This.

Traders live for volatility - doesn't matter if the action is up or down.
That said, I just opened a short position on ETH, so it will probably go up, LOL.

the funny thing is that etheruem might increase again, because of those that are actually buying in, thinking that it will increase again, not because it will actually increase again for a particular reason

they are the architects of their speculation


buying in thinking that others will also buy in, causing the very same increase strikes me as a valid reason, not an absence of one.

watching it closely  with a buy in set at ?


Title: Re: DAO IS HACKED SO WHAT HAPPENS TO ETH COIN?
Post by: BitUsher on June 17, 2016, 08:12:10 PM
I genuinely don't believe most traders care whether it's decentralized, centralized, inflationary, run by mice or hovers ten feet above the floor. There's plenty of money sloshing around and it moves around. That's enough.

^This.

Traders live for volatility - doesn't matter if the action is up or down.
That said, I just opened a short position on ETH, so it will probably go up, LOL.

the funny thing is that etheruem might increase again, because of those that are actually buying in, thinking that it will increase again, not because it will actually increase again for a particular reason

they are the architects of their speculation


buying in thinking that others will also buy in, causing the very same increase strikes me as a valid reason, not an absence of one.

watching it closely  with a buy in set at ?

Traders who telegraph their buy orders usually have a large bag looking to sell and are merely hoping to delay others from selling before them. If you really were buying the rational thing would be to quietly buy when it dips to a new low.


Title: Re: DAO IS HACKED SO WHAT HAPPENS TO ETH COIN?
Post by: Amph on June 17, 2016, 08:17:38 PM
I genuinely don't believe most traders care whether it's decentralized, centralized, inflationary, run by mice or hovers ten feet above the floor. There's plenty of money sloshing around and it moves around. That's enough.

^This.

Traders live for volatility - doesn't matter if the action is up or down.
That said, I just opened a short position on ETH, so it will probably go up, LOL.

the funny thing is that etheruem might increase again, because of those that are actually buying in, thinking that it will increase again, not because it will actually increase again for a particular reason

they are the architects of their speculation


buying in thinking that others will also buy in, causing the very same increase strikes me as a valid reason, not an absence of one.

yes but it appear to be the only reason, when it should not be the case, but this how crypto work, minus bitcoin


Title: Re: DAO IS HACKED SO WHAT HAPPENS TO ETH COIN?
Post by: hv_ on June 17, 2016, 08:22:11 PM


Never catch a falling knife!



Title: Re: DAO IS HACKED SO WHAT HAPPENS TO ETH COIN?
Post by: 2dogs on June 17, 2016, 08:26:03 PM
Also worth mentioning is the counterparty risk of not getting paid should my short goes in the right direction.
That's when the exchange(s) goes bust and cannot pay - just saying.



Title: Re: DAO IS HACKED SO WHAT HAPPENS TO ETH COIN?
Post by: Minecache on June 17, 2016, 08:29:09 PM
Explain to us all why Ethereum would go to over $50 a coin when it's been hacked and crashing fast.

Are you just Trolling us or what .. you can't be serious.

Nice self mod too ahhahahhaha  :D
ETH has not been hacked. You are a complete and utter FUD spreader.


Title: Re: DAO IS HACKED SO WHAT HAPPENS TO ETH COIN?
Post by: Biodom on June 17, 2016, 08:30:05 PM


Never catch a falling knife!



especially on Jan 15, 2015... ;D


Title: Re: DAO IS HACKED SO WHAT HAPPENS TO ETH COIN?
Post by: philipma1957 on June 17, 2016, 08:31:28 PM
I genuinely don't believe most traders care whether it's decentralized, centralized, inflationary, run by mice or hovers ten feet above the floor. There's plenty of money sloshing around and it moves around. That's enough.

^This.

Traders live for volatility - doesn't matter if the action is up or down.
That said, I just opened a short position on ETH, so it will probably go up, LOL.

the funny thing is that etheruem might increase again, because of those that are actually buying in, thinking that it will increase again, not because it will actually increase again for a particular reason

they are the architects of their speculation


buying in thinking that others will also buy in, causing the very same increase strikes me as a valid reason, not an absence of one.

watching it closely  with a buy in set at ?

Traders who telegraph their buy orders usually have a large bag looking to sell and are merely hoping to delay others from selling before them. If you really were buying the rational thing would be to quietly buy when it dips to a new low.

which is why the buy in is revealed as a ?  For me The question is not what to buy in at but how much to buy.

I mine more then I trade. Trading is far different then mining.


Title: Re: DAO IS HACKED SO WHAT HAPPENS TO ETH COIN?
Post by: 2dogs on June 17, 2016, 08:33:52 PM
Quote
Trading is far different then mining.

True dat, but traders provide liquidity and a market for what you (and what others) mine.


Title: Re: DAO IS HACKED SO WHAT HAPPENS TO ETH COIN?
Post by: jeffthebaker on June 17, 2016, 08:34:29 PM
Ethereum, DAO, and all related alternative cryptos are nothing more than hyped up shitcoins. None of this shit actually does anything. The whitepapers and theories and all that junk is just a bunch of garbage to convince more idiots to hop on their stupid altcoin train. The only reason why people invest in altcoins at all is to make a profit, none of them have life changing capabilities. If you want to invest in a feel good project that you think can make an blockchain-based impact, you should be looking into Bitcoin startups.

This hack should open eyes up to the worthlessness of Bitcoin's competitors, expect Ethereum to fall, and fall, and fall.


Title: Re: DAO IS HACKED SO WHAT HAPPENS TO ETH COIN?
Post by: hv_ on June 17, 2016, 08:36:13 PM


Never catch a falling knife!



especially on Jan 15, 2015... ;D

Hmm, I know sb bought for below 0.70  .....


Title: Re: DAO IS HACKED SO WHAT HAPPENS TO ETH COIN?
Post by: Alondre on June 17, 2016, 09:10:56 PM
Crash under $5 or minus


Title: Re: DAO IS HACKED SO WHAT HAPPENS TO ETH COIN?
Post by: GreenBits on June 17, 2016, 09:24:38 PM
Ethereum, DAO, and all related alternative cryptos are nothing more than hyped up shitcoins. None of this shit actually does anything. The whitepapers and theories and all that junk is just a bunch of garbage to convince more idiots to hop on their stupid altcoin train. The only reason why people invest in altcoins at all is to make a profit, none of them have life changing capabilities. If you want to invest in a feel good project that you think can make an blockchain-based impact, you should be looking into Bitcoin startups.

This hack should open eyes up to the worthlessness of Bitcoin's competitors, expect Ethereum to fall, and fall, and fall.

Amen. Give this man a cookie. One of the mall sized ones with the icing. Smart  contracts, among some of the other hyped up crockery that has been served up here, sounds great on paper, but really doesn't do anything for real life use. It's all really sci fi, alot of these coins will be cool as hell later in the game. But after we figure out and apply block chain tech, not in its infancy like right now. This technology is less than a decade old. Give it some time to change the world, and focus on the most tangible offering, not some of these ephemeral alts that rise up in the night. Think of what all that dao money could have done for a good block chain project. That would have helped bitcoin, eth, and crypto in general.


Title: Re: DAO IS HACKED SO WHAT HAPPENS TO ETH COIN?
Post by: pugman on June 17, 2016, 09:39:14 PM
Ether = 95% PR/Marketing 5% development
BITBAY = 100% development 0% PR/Marketing

What ether promise Bitbay & Syscoin already have . . And more


Title: Re: DAO IS HACKED SO WHAT HAPPENS TO ETH COIN?
Post by: philipma1957 on June 17, 2016, 09:56:50 PM
Quote
Trading is far different then mining.

True dat, but traders provide liquidity and a market for what you (and what others) mine.

Never said traders are bad  just not my game.  I prefer mining and very little trading.

I wrote the thread  to track lovers haters and sane people.

So far other then myself Not a single person has talked about the value of a gpu only coin is for Intel Nvidia and AMD.

all of those three companies have a lot to gain with an eth coin or an equal gpu coin.


My hope is the hacked coins are recovered for if they are ETH coin would do very well against btc come the ½ ing.

I am positioned in a good spot. under 1 eth coin zero dao coins cash to buy coins if I want them. 
full roi on my gear. and 56th in s-9's

So if eth coin truly crashes to $1.00 I will buy some and turn off the paid for gear.  It should boost BTC.

If Eth coin recovers  I will mine it.



Title: Re: DAO IS HACKED SO WHAT HAPPENS TO ETH COIN?
Post by: Hueristic on June 17, 2016, 10:50:34 PM
Voted "CRASH UNDER $5.00" but do to the amount of braindead throwing BTC at ETH It will probably moon as a feature. :)

ETH -23
DAO -41

And thats with polo crashing under load from the pansies scurrying from the sinking ship.

stupid is as stupid does...it is an opportunity (for the patient).

Your right! It's a perfect opportunity to SHORT!!!


Title: Re: DAO IS HACKED SO WHAT HAPPENS TO ETH COIN?
Post by: philipma1957 on June 18, 2016, 12:11:02 AM
Voted "CRASH UNDER $5.00" but do to the amount of braindead throwing BTC at ETH It will probably moon as a feature. :)

ETH -23
DAO -41

And thats with polo crashing under load from the pansies scurrying from the sinking ship.

stupid is as stupid does...it is an opportunity (for the patient).

Your right! It's a perfect opportunity to SHORT!!!

Eth has dropped from all time high of 0.0279 btc to 0.020 up to 0.0248 down to  0.01750  and is now settled around  0.0203

an exciting 24 hours indeed.


Title: Re: DAO IS HACKED SO WHAT HAPPENS TO ETH COIN?
Post by: Quickseller on June 18, 2016, 06:36:28 AM
I believe that it was said that the DAO is going to be shutting down and will convert to a contract that only allows people to withdraw their ETH.

Also from what I can tell, a lot of people were buying ETH for no reason other then to "invest" in the DAO, so if the DAO is no longer around, then most of the people who own/were buying ETH would no longer have a reason to own ETH.


Title: Re: DAO IS HACKED SO WHAT HAPPENS TO ETH COIN?
Post by: bones261 on June 18, 2016, 06:51:24 AM
I believe that it was said that the DAO is going to be shutting down and will convert to a contract that only allows people to withdraw their ETH.

Also from what I can tell, a lot of people were buying ETH for no reason other then to "invest" in the DAO, so if the DAO is no longer around, then most of the people who own/were buying ETH would no longer have a reason to own ETH.

Eth is going to have to do a fork to accomplish this. They are also going to have to a target the bad child DAO and all other bad child daos that may come up before the fix. At the same time they are going to have to still let the good child daos have their ETH. Good luck with the Ethereum Foundation playing whack-a mole.
 https://iwanticewater.files.wordpress.com/2014/07/whack-a-mole-07.gif

Edit: Guess Vitalik Buterin is proposing a fork to freeze the ETh in all the DAOs and child Daos for now and then the community can discuss a way to return the ETH to the DAO holders. Good luck with that too. How long will that take? Looks to me like the DAO was just a clever way to burn some ETH. as I originally suspected.  :D


Title: Re: DAO IS HACKED SO WHAT HAPPENS TO ETH COIN?
Post by: Denker on June 18, 2016, 06:57:03 AM
I believe that it was said that the DAO is going to be shutting down and will convert to a contract that only allows people to withdraw their ETH.

Also from what I can tell, a lot of people were buying ETH for no reason other then to "invest" in the DAO, so if the DAO is no longer around, then most of the people who own/were buying ETH would no longer have a reason to own ETH.


Ethereum is going DAOwn!!!


Title: Re: DAO IS HACKED SO WHAT HAPPENS TO ETH COIN?
Post by: baomuydtab34261 on June 18, 2016, 09:42:44 AM
I believe that it was said that the DAO is going to be shutting down and will convert to a contract that only allows people to withdraw their ETH.

Also from what I can tell, a lot of people were buying ETH for no reason other then to "invest" in the DAO, so if the DAO is no longer around, then most of the people who own/were buying ETH would no longer have a reason to own ETH.


Ethereum is going DAOwn!!!
I don't believe peope buy DAO for ETH, I thik DAO is one application of ETH, The Dao is Shutted down, The people of own Dao will get the ETH, the other application will appear ,for example lisk.


Title: Re: DAO IS HACKED SO WHAT HAPPENS TO ETH COIN?
Post by: regexlove on June 18, 2016, 09:50:47 AM
i'm against volatility through hysteric market mood swings. If you have a reasonable guess about the price of ETH (and DAO) in one month,
then you may want to take this opportunity to express it:
https://www.betmoose.com/bet/ethereum-eth-in-usd-one-month-from-now-1960?ref=regexlove
https://www.betmoose.com/bet/price-worth-of-thedao-dao-in-eth-in-1-month-1962?ref=regexlove


Title: Re: DAO IS HACKED SO WHAT HAPPENS TO ETH COIN?
Post by: hv_ on June 18, 2016, 12:13:29 PM


Never catch a falling knife!



especially on Jan 15, 2015... ;D

There is no SNB kicking in for fight back this fall...


Title: Re: DAO IS HACKED SO WHAT HAPPENS TO ETH COIN?
Post by: philipma1957 on June 19, 2016, 04:04:40 AM
Bump for more votes


Title: Re: DAO IS HACKED SO WHAT HAPPENS TO ETH COIN?
Post by: Spoetnik on June 19, 2016, 04:12:23 AM


Never catch a falling knife!



especially on Jan 15, 2015... ;D

There is no SNB kicking in for fight back this fall...

Sage advice.

Not for me though.. for all you low trade skill noobs !

Me ?
I am a searing white hot comet of awesome.
..i just catch them with the handle.
I am not an idiot  ::)

Wish you were me yet nublets ?

Or are ya all too busy gettin' DAO'd ?
..how bout dem profits yo ?


Title: Re: DAO IS HACKED SO WHAT HAPPENS TO ETH COIN?
Post by: philipma1957 on June 19, 2016, 11:09:44 AM


Never catch a falling knife!



especially on Jan 15, 2015... ;D

There is no SNB kicking in for fight back this fall...

Sage advice.

Not for me though.. for all you low trade skill noobs !

Me ?
I am a searing white hot comet of awesome.
..i just catch them with the handle.
I am not an idiot  ::)

Wish you were me yet nublets ?

Or are ya all too busy gettin' DAO'd ?
..how bout dem profits yo ?

I just mine and leave the trading to those that know how.

So for now the coin is far above what I pay to mine it.  I spend 140 in power and earn 380 in coin  which is still a profit in my book.

It may be we are stable at the 0.016 to  .018 level for now   which is fine for me.


Title: Re: DAO IS HACKED SO WHAT HAPPENS TO ETH COIN?
Post by: BitUsher on June 19, 2016, 01:24:39 PM
https://pbs.twimg.com/media/ClURNFVUkAA5pmo.jpg


Another attack occurring?

https://www.reddit.com/r/ethtrader/comments/4ot3vi/warning_another_successful_attack_recursive_split/


Title: Re: DAO IS HACKED SO WHAT HAPPENS TO ETH COIN?
Post by: Bamsed on June 19, 2016, 01:31:03 PM
https://pbs.twimg.com/media/ClURNFVUkAA5pmo.jpg


Another attack occurring?

https://www.reddit.com/r/ethtrader/comments/4ot3vi/warning_another_successful_attack_recursive_split/


I think the attack will continue all the time if the flaw is not corrected. Why cannot the DAO community move the funds to a Child DAO?


Title: Re: DAO IS HACKED SO WHAT HAPPENS TO ETH COIN?
Post by: BitUsher on June 19, 2016, 01:38:20 PM
I think the attack will continue all the time if the flaw is not corrected. Why cannot the DAO community move the funds to a Child DAO?

Perhaps it doesn't matter because they are deadset on a rollback HF and implementing blacklists to destroy ETH as well!

Blacklisting Feature going in the next Geth and they are calling it "illegal hashes" .

Nice Orwellian doublespeak. You cannot make this shit up.


Title: Re: DAO IS HACKED SO WHAT HAPPENS TO ETH COIN?
Post by: iamnotback on June 19, 2016, 01:50:18 PM
I think the attack will continue all the time if the flaw is not corrected. Why cannot the DAO community move the funds to a Child DAO?

Perhaps it doesn't matter because they are deadset on a rollback HF and implementing blacklists to destroy ETH as well!

Blacklisting Feature going in the next Geth and they are calling it "illegal hashes" .

Nice Orwellian doublespeak. You cannot make this shit up.

This will cause MP to fight them even more aggressively! We have war coming and the genius MP will not be the loser bcz he understand economics (i.e. reality) much better than Vitalik. Vitalik will be spanked on his shit soiled underwear diaper (https://bitcointalk.org/index.php?topic=1504662.msg15260371#msg15260371):

So is that interview legitimate? If so that guy gives zero fucks and is a straight internet gangster. Not my type person, but I kinda admire him.

Mircea Popescu (https://bitcointalk.org/index.php?topic=1517355.msg15273764#msg15273764) (MP) has a core constitution which is that every person should be responsible for themself. And he originally was adamant that he would attack any Bitcoin fork that raised the block size. He also appears to be against shitcoins and he is a Bitcoin maximalist. He sees himself as a defender of anarchism. He also is motivated by profit. I definitely agree with his anarchism/self-responsibility constitution, but if he is supporting Blockstream's Rube Goldberg complexity future-clusterfuck Troika of SegWit, Side-chains, and Lightning Networks then he and I are going to disagree!

GTFO of ETH at $12 while you still can! The deadcat bounce is topping and lower, lower we will go. Because MP is not a bullshitter. And he has very significant BTC resources > 50,000 BTC.


Title: Re: DAO IS HACKED SO WHAT HAPPENS TO ETH COIN?
Post by: Spoetnik on June 19, 2016, 02:01:16 PM


Never catch a falling knife!



especially on Jan 15, 2015... ;D

There is no SNB kicking in for fight back this fall...

Sage advice.

Not for me though.. for all you low trade skill noobs !

Me ?
I am a searing white hot comet of awesome.
..i just catch them with the handle.
I am not an idiot  ::)

Wish you were me yet nublets ?

Or are ya all too busy gettin' DAO'd ?
..how bout dem profits yo ?

I just mine and leave the trading to those that know how.

So for now the coin is far above what I pay to mine it. I spend 140 in power and earn 380 in coin  which is still a profit in my book.

It may be we are stable at the 0.016 to  .018 level for now   which is fine for me.

I call Bullshit.



EDIT:
I was talking to a guy hours ago mining ETH
and he said he was unable to break even now that it tanked.
Yet you proclaim your making mad profits ?
Something does not add up here.. someone is lying.


Title: Re: DAO IS HACKED SO WHAT HAPPENS TO ETH COIN?
Post by: philipma1957 on June 19, 2016, 02:06:55 PM


Never catch a falling knife!



especially on Jan 15, 2015... ;D

There is no SNB kicking in for fight back this fall...

Sage advice.

Not for me though.. for all you low trade skill noobs !

Me ?
I am a searing white hot comet of awesome.
..i just catch them with the handle.
I am not an idiot  ::)

Wish you were me yet nublets ?

Or are ya all too busy gettin' DAO'd ?
..how bout dem profits yo ?

I just mine and leave the trading to those that know how.

So for now the coin is far above what I pay to mine it. I spend 140 in power and earn 380 in coin  which is still a profit in my book.

It may be we are stable at the 0.016 to  .018 level for now   which is fine for me.

I call Bullshit.



EDIT:
I was talking to a guy hours ago mining ETH
and he said he was unable to break even now that it tanked.
Yet you proclaim your making mad profits ?
Something does not add up here.. someone is lying.


screen shot taken just now.  So it dropped from 380 to 359 since I posted

so I am spending 140 in power and earning 359  a month   and I have 18 cent power for the summer.

and this is why most people posting against eth coins in this section  do not understand my point.

intel,AMD,Nvidia have a vested interest in propping up eth coin as it will help to sell their gear.

https://i.imgur.com/WDkvupn.png


Title: Re: DAO IS HACKED SO WHAT HAPPENS TO ETH COIN?
Post by: iamnotback on June 19, 2016, 06:39:20 PM
So the miners having 51% mining power can decide the fork or any code any way. There is no moral hazard. There is no argument at all. You just need to convince the majority of the miners.

Somebody here actually understands PoW = miners are a "decentralized authority".

Ethereum miners have started voting in some pools on the "soft fork"...
The "soft fork" simply freezes all ETH transfers from the DAO contract (rendering the current "attacks" unprofitable)...
And there are roughly another 25 days left for miners to simply set a flag that locks up the DAO.

Ethpool is voting 99.4% in favor of a "soft fork" here:

http://ethpool.org/stats/votes

Looking at these numbers...
It's very likely miners will subsequently vote in a "hard fork" that will destroy the DAO... and return all ETH to investors.

Ethereum will not suffer from the same paralysis Bitcoin did post-Gox... and still does.

All the FUD you hear about "crypto purity" is from Bitcoin Maximalist Trolls...
Miners acting as a "decentralized authority" on ANY issue is at the heart of PoW.

Did they really act without political control driving their choice?

Vitalik et al are playing with fire as I pondered upthread:

https://www.youtube.com/watch?v=RHcLKrkwPLQ#t=3864

Especially listen at 1:06:15! And listen at 1:11:15 where the attorney says Vitalik (et al) is creating dangerous legal liability for himself (themselves) by being the judge!

The likely party to be sued are those who can be identified and have a pot of money.

Vitalik just propose a change to the Etheruem protocol. It is the miners who will be responsible for the restoring the money from the theft.

The court may not agree that Vitalik has no political power. Considering how much all the mETH supporters prays at his feet, I'd say it is likely the court will find that Vitalik and his accomplices are significantly in control of the enterprise. But that is just my opinion as an observer. What do others think?

And remember that the attorney pointed out that each of the 1000s of plaintiffs can sue in any one of the 1000s of jurisdictions. Someone can find a favorable judge some where!!!

This is what I specifically warned about over the past months. I can even quote where I said that jurisdiction shopping would be a PITA because one would have to defend themselves against an unbounded number of threats.

As the attorney Pamela points out, this issue could have been significantly mitigated if their attorneys had advised them to add an arbitration clause to the TOS and also had more sobering disclosures on their TOS so that plaintiffs couldn't just choose willynilly to make any sort of claim of injury in any jurisdiction.

Who set up the legal structure for Ethereum et al?  They apparently suck!

What are you doing to crypto-currency? Who will support Ethereum as it becomes the 666 coin? The attorney explains that they open the ecosystem to subpoena power by doing this. And you support the moral hazard of rewarding n00bs for not doing due diligence instead of letting them suffer a 30% haircut.

Effectively MIT's 666 ChainAnchor proposal which can be used for enforcing KYC, is a blacklist coming to crypto-currency thanks to Ethereum and The DAO:

https://www.youtube.com/watch?v=RHcLKrkwPLQ#t=2627  <--- a real attorney's explanation

Thanks Vitalik for enslaving us!

AnonyMint predicted this in 2013, Bitcoin : The Digital Kill Switch (https://bitcointalk.org/index.php?topic=160612.0).


Title: Re: DAO IS HACKED SO WHAT HAPPENS TO ETH COIN?
Post by: Mastercon on June 19, 2016, 06:53:20 PM


Never catch a falling knife!



especially on Jan 15, 2015... ;D

There is no SNB kicking in for fight back this fall...

Sage advice.

Not for me though.. for all you low trade skill noobs !

Me ?
I am a searing white hot comet of awesome.
..i just catch them with the handle.
I am not an idiot  ::)

Wish you were me yet nublets ?

Or are ya all too busy gettin' DAO'd ?
..how bout dem profits yo ?

I just mine and leave the trading to those that know how.

So for now the coin is far above what I pay to mine it. I spend 140 in power and earn 380 in coin  which is still a profit in my book.

It may be we are stable at the 0.016 to  .018 level for now   which is fine for me.

I call Bullshit.



EDIT:
I was talking to a guy hours ago mining ETH
and he said he was unable to break even now that it tanked.
Yet you proclaim your making mad profits ?
Something does not add up here.. someone is lying.


screen shot taken just now.  So it dropped from 380 to 359 since I posted

so I am spending 140 in power and earning 359  a month   and I have 18 cent power for the summer.

and this is why most people posting against eth coins in this section  do not understand my point.

intel,AMD,Nvidia have a vested interest in propping up eth coin as it will help to sell their gear.

https://i.imgur.com/WDkvupn.png

I agree with you. For the time being, the Ethereum is still supported by the miners, it is still profitable to mine.


Title: Re: DAO IS HACKED SO WHAT HAPPENS TO ETH COIN?
Post by: philipma1957 on June 19, 2016, 07:12:33 PM


Never catch a falling knife!



especially on Jan 15, 2015... ;D

There is no SNB kicking in for fight back this fall...

Sage advice.

Not for me though.. for all you low trade skill noobs !

Me ?
I am a searing white hot comet of awesome.
..i just catch them with the handle.
I am not an idiot  ::)

Wish you were me yet nublets ?

Or are ya all too busy gettin' DAO'd ?
..how bout dem profits yo ?

I just mine and leave the trading to those that know how.

So for now the coin is far above what I pay to mine it. I spend 140 in power and earn 380 in coin  which is still a profit in my book.

It may be we are stable at the 0.016 to  .018 level for now   which is fine for me.

I call Bullshit.



EDIT:
I was talking to a guy hours ago mining ETH
and he said he was unable to break even now that it tanked.
Yet you proclaim your making mad profits ?
Something does not add up here.. someone is lying.


screen shot taken just now.  So it dropped from 380 to 359 since I posted

so I am spending 140 in power and earning 359  a month   and I have 18 cent power for the summer.

and this is why most people posting against eth coins in this section  do not understand my point.

intel,AMD,Nvidia have a vested interest in propping up eth coin as it will help to sell their gear.

https://i.imgur.com/WDkvupn.png

I agree with you. For the time being, the Ethereum is still supported by the miners, it is still profitable to mine.

And I simply convert it to BTC.  So the beat goes on.  Yeah the numbers read 680 in usd now they read 345 a month.  but power cost = 140  and that is still  a profit.


Title: Re: DAO IS HACKED SO WHAT HAPPENS TO ETH COIN?
Post by: Hueristic on August 19, 2016, 05:05:43 PM
Voted "CRASH UNDER $5.00" but do to the amount of braindead throwing BTC at ETH It will probably moon as a feature. :)

ETH -23
DAO -41

And thats with polo crashing under load from the pansies scurrying from the sinking ship.

stupid is as stupid does...it is an opportunity (for the patient).

Your right! It's a perfect opportunity to SHORT!!!

and
For those of you too shy to ask
you do not have to lose face

Wallets here:
Ethereum Classic Mist Wallet - 0.8.1 (1.4.10 go-ethereum) by whatisgravity
https://github.com/ethereumproject/mist/releases/tag/5cbe0c0
Get new "etc only" geth node here https://github.com/ethereumproject/go-ethereum/releases/tag/6aaf5f3


Elaborate PLz


Title: Re: DAO IS HACKED SO WHAT HAPPENS TO ETH COIN?
Post by: lanslans on August 20, 2016, 12:18:16 AM
Okay DAO is hacked ETH coin is rocked. Exchanges have frozen and un frozen ETH exchange.

ETH was over 21 usd down to 14 usd.

A fix has been made.  WIll the events make ETH coin a big winner  loser or more or less neutral?

cast a vote from now until 26 days from now.   We will know if fix fails in 27 days.

My thoughts are  if the fix takes  just after the BTC ½ ing ETH coin will soar over $50.00

I modded this but I rarely will delete post.  Have fun both haters and lovers of the coin are welcome.

my vote was soar over $50 usd as usual I am an optimistic dude.

voted for over 50 for eth.
I assume that the best scenario is to dissolve the DAO, return all eth to investors, block the "bad" child, make a new DAO (or not).
I don't think current DAO will survive. Who would vote for anything there? Nobody.
Not doing anything seems impossible. There will be a lot of complains from the "pure", though.

wow, i am very grateful not buy this coin. nice info..


Title: Re: DAO IS HACKED SO WHAT HAPPENS TO ETH COIN?
Post by: Mastercon on August 23, 2016, 07:50:24 AM
Okay DAO is hacked ETH coin is rocked. Exchanges have frozen and un frozen ETH exchange.

ETH was over 21 usd down to 14 usd.

A fix has been made.  WIll the events make ETH coin a big winner  loser or more or less neutral?

cast a vote from now until 26 days from now.   We will know if fix fails in 27 days.

My thoughts are  if the fix takes  just after the BTC ½ ing ETH coin will soar over $50.00

I modded this but I rarely will delete post.  Have fun both haters and lovers of the coin are welcome.

my vote was soar over $50 usd as usual I am an optimistic dude.

voted for over 50 for eth.
I assume that the best scenario is to dissolve the DAO, return all eth to investors, block the "bad" child, make a new DAO (or not).
I don't think current DAO will survive. Who would vote for anything there? Nobody.
Not doing anything seems impossible. There will be a lot of complains from the "pure", though.

wow, i am very grateful not buy this coin. nice info..

The ETC price was about 0.45 ETH around 2nd August. The price of ETC is just 0.14 ETH now. That was a drop of 70%.

Are you glad you did not buy the ETC?


Title: Re: DAO IS HACKED SO WHAT HAPPENS TO ETH COIN?
Post by: TrueAnon on August 23, 2016, 06:01:42 PM
GOod ETC dies, the scam it is


Title: Re: DAO IS HACKED SO WHAT HAPPENS TO ETH COIN?
Post by: Minecache on August 23, 2016, 11:05:49 PM
Okay DAO is hacked ETH coin is rocked. Exchanges have frozen and un frozen ETH exchange.

ETH was over 21 usd down to 14 usd.

A fix has been made.  WIll the events make ETH coin a big winner  loser or more or less neutral?

cast a vote from now until 26 days from now.   We will know if fix fails in 27 days.

My thoughts are  if the fix takes  just after the BTC ½ ing ETH coin will soar over $50.00

I modded this but I rarely will delete post.  Have fun both haters and lovers of the coin are welcome.

my vote was soar over $50 usd as usual I am an optimistic dude.

voted for over 50 for eth.
I assume that the best scenario is to dissolve the DAO, return all eth to investors, block the "bad" child, make a new DAO (or not).
I don't think current DAO will survive. Who would vote for anything there? Nobody.
Not doing anything seems impossible. There will be a lot of complains from the "pure", though.

wow, i am very grateful not buy this coin. nice info..

The ETC price was about 0.45 ETH around 2nd August. The price of ETC is just 0.14 ETH now. That was a drop of 70%.

Are you glad you did not buy the ETC?
You were all warned repeatedly by us more intelligent fora posters to stay away from the ETC criminal coin. If you bought into the scam then mode fool you. You deserve to loss money.


Title: Re: DAO IS HACKED SO WHAT HAPPENS TO ETH COIN?
Post by: XbladeX on August 23, 2016, 11:22:34 PM
...
You were all warned repeatedly by us more intelligent fora posters to stay away from the ETC criminal coin. If you bought into the scam then mode fool you. You deserve to loss money.

But you know if some folks want invest in ETH clone this one is proven working one.
While with others you need to be warry if it will ever kick off :D.
But that hacker with his 6m $ of ETC is making good job keeping all investors away.
If he would do fake sell on exchange and buyback it for himself on second acc it would trick people
but now i don't know people who buy it.

PS: I remember Pandacoin Doge clone and Mr Wolong who dumped his "free" coins 10% of all yes guys some people can dump coin to 0sat :D.
I don't know it ETC will share that fate but such thing are happening when hackers have  FREE money.


Title: Re: DAO IS HACKED SO WHAT HAPPENS TO ETH COIN?
Post by: raphma on August 24, 2016, 01:22:41 AM
You were all warned repeatedly by us more intelligent fora posters to stay away from the ETC criminal coin. If you bought into the scam then mode fool you. You deserve to loss money.

more intelligent, lol...
i bought etc at 80k and sold the first time at 450k. do the math.
bought again at 290k and im waiting the next pump, it will come and even if it doesnt... well, my stop limit will be activated and i will have a small lose.

again, more intelligent, lol.


Title: Re: DAO IS HACKED SO WHAT HAPPENS TO ETH COIN?
Post by: Mastercon on August 24, 2016, 07:17:28 AM
You were all warned repeatedly by us more intelligent fora posters to stay away from the ETC criminal coin. If you bought into the scam then mode fool you. You deserve to loss money.

more intelligent, lol...
i bought etc at 80k and sold the first time at 450k. do the math.
bought again at 290k and im waiting the next pump, it will come and even if it doesnt... well, my stop limit will be activated and i will have a small lose.

again, more intelligent, lol.

That was quite good profit. In the next pump, I hope you run faster than the DAO hackers and some other big holders, so that you can still make some profit.


Title: Re: DAO IS HACKED SO WHAT HAPPENS TO ETH COIN?
Post by: Bamsed on September 05, 2016, 10:59:26 AM
You were all warned repeatedly by us more intelligent fora posters to stay away from the ETC criminal coin. If you bought into the scam then mode fool you. You deserve to loss money.

more intelligent, lol...
i bought etc at 80k and sold the first time at 450k. do the math.
bought again at 290k and im waiting the next pump, it will come and even if it doesnt... well, my stop limit will be activated and i will have a small lose.

again, more intelligent, lol.

That was quite good profit. In the next pump, I hope you run faster than the DAO hackers and some other big holders, so that you can still make some profit.

It is quite strange at present. the DAO hacker has access to the stolen funds now. But the ETC price did not drop.