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Alternate cryptocurrencies => Altcoin Discussion => Topic started by: Shogunisback on June 17, 2016, 06:59:48 PM



Title: Is ethereum safe or not ???
Post by: Shogunisback on June 17, 2016, 06:59:48 PM
is Ethereum safe or not ?
I ask to know if i need to sell my coins


Title: Re: Is ethereum safe or not ???
Post by: K210 on June 17, 2016, 07:09:31 PM
It has been hacked, no matter what the devs do the result is going to be negative. I would sell while ether stills has some value left.


Title: Re: Is ethereum safe or not ???
Post by: BitUsher on June 17, 2016, 07:26:20 PM
It Never has been safe. Low hash rate PoW chain, devs hold most premine, Solidity code , large attack surface, poorly reviewed code , turing complete, ect... Now some of the developers are looking at ruining the reputation of their chain by pushing an emergency HF through to target a specific user and steal his ETH's that were , according to smart contract law " within the DAO correctly and legally transferred to him.

I wish this was all a joke and it isn't fear mongering , but the Hard cold reality that Ether holders are begining to realize.


Title: Re: Is ethereum safe or not ???
Post by: European Central Bank on June 17, 2016, 07:30:57 PM
It has been hacked, no matter what the devs do the result is going to be negative. I would sell while ether stills has some value left.

It hasn't been hacked. The DAO has. However it looks like the devs might cook up a little hack themselves.


Title: Re: Is ethereum safe or not ???
Post by: laugh2btc on June 17, 2016, 07:34:16 PM
I would sell. Lot of panic sellers incoming


Title: Re: Is ethereum safe or not ???
Post by: BitUsher on June 17, 2016, 07:38:01 PM
I would sell. Lot of panic sellers incoming

Very true. Many peoples Eth's are frozen on Poloniex and as soon as that is "hacked" or unfrozen expect a larger crash


Title: Re: Is ethereum safe or not ???
Post by: helloeverybody on June 17, 2016, 07:39:50 PM
It has been hacked, no matter what the devs do the result is going to be negative. I would sell while ether stills has some value left.

It hasn't been hacked. The DAO has. However it looks like the devs might cook up a little hack themselves.

The dao being hacked directly affects eth though since the two are connected. All it takes is for the hacker to turn those dao back into eth and eth is compromised. If the hacker can steal that much dao and dump it back into eth then it would be a total disaster for eth.


Title: Re: Is ethereum safe or not ???
Post by: vlom on June 17, 2016, 07:54:26 PM
is Ethereum safe or not ?
I ask to know if i need to sell my coins

you don't have to sell your coins. if it was eth that was hacked than now it would be to late so sell. but it is not eth. it is dao that have problems.


Title: Re: Is ethereum safe or not ???
Post by: Fanpant on June 17, 2016, 08:02:01 PM
It Never has been safe. Low hash rate PoW chain, devs hold most premine, Solidity code , large attack surface, poorly reviewed code , turing complete, ect... Now some of the developers are looking at ruining the reputation of their chain by pushing an emergency HF through to target a specific user and steal his ETH's that were , according to smart contract law " within the DAO correctly and legally transferred to him.

I wish this was all a joke and it isn't fear mongering , but the Hard cold reality that Ether holders are begining to realize.

When the bitcoin started in 2009, the hash rate was also very low. At the moment, it is difficult to 51% attack it, you need lots of mining power.


Title: Re: Is ethereum safe or not ???
Post by: 2dogs on June 17, 2016, 08:30:41 PM
Sell - if you are asking this question, you should only be using play money to gamble in cryptos.


Title: Re: Is ethereum safe or not ???
Post by: Minecache on June 17, 2016, 08:32:04 PM
It has been hacked, no matter what the devs do the result is going to be negative. I would sell while ether stills has some value left.
ETH hasn't been hacked. Quit spreading your disgusting FUD.


Title: Re: Is ethereum safe or not ???
Post by: BitUsher on June 17, 2016, 08:36:57 PM
It has been hacked, no matter what the devs do the result is going to be negative. I would sell while ether stills has some value left.
ETH hasn't been hacked. Quit spreading your disgusting FUD.

such Irony! you have a lot of nerve telling people what to do while promoting a ETH ponzi campaign in your signature. ::)


Title: Re: Is ethereum safe or not ???
Post by: K210 on June 17, 2016, 08:47:17 PM
SELL SELL SELL SELL BUY BTC LTC PPC DOGE <------ Buy now profit later


Title: Re: Is ethereum safe or not ???
Post by: ifinta on June 17, 2016, 08:53:27 PM
is Ethereum safe or not ?
I ask to know if i need to sell my coins

https://i.imgur.com/FZAEuF4.png


Title: Re: Is ethereum safe or not ???
Post by: Zer0Sum on June 17, 2016, 09:08:48 PM
It has been hacked, no matter what the devs do the result is going to be negative. I would sell while ether stills has some value left.

It hasn't been hacked. The DAO has. However it looks like the devs might cook up a little hack themselves.

Without any action whatsoever...
The hacked ETH is locked for 27 days for the Child DAO "token creation"... so it's not going anywhere soon.

Here is the central problem:

"It's clear that writing a robust, secure smart contract requires extreme amounts of diligence.
It's more similar to writing code for a nuclear power reactor, than to writing loose web code."

Just like a nuclear reactor, Ethereum is as safe as the quality of it's engineers...
And this is REALLY BAD news for LISK (and other platforms bolting on smart contracts)...
Who are floating the notion that random JS web coders can whip up safe smart contracts.

http://hackingdistributed.com/2016/06/17/thoughts-on-the-dao-hack/


Title: Re: Is ethereum safe or not ???
Post by: Alondre on June 17, 2016, 09:09:10 PM
is Ethereum safe or not ?
I ask to know if i need to sell my coins

https://i.imgur.com/FZAEuF4.png

No