I think ETC should not receive or return the reward from the hacker.
The whole point of this project is to stand behind the principles that imply that he is not a hacker at all. Those funds legitimately belong to him. He can do as he likes with them. mmmmm sorry i dont think thats what ETC sais ETC sais we are not the law like in lawenvorcement. but the line code is law means something different it means the blockchain is immutable the ledger shall not be changed. we do not say we know if the hack or the takeing was a crime . there need to be an investigation. we are not the despot to decide . every person has a right of a objective investigation and a trail befor anounced guilty. and thats why ETC happend. not becouse we say its legal what the "hacker" did. me thinks given the evidence that have been published he took them legit but moraly hmmm or ethicaly not correct.becouse if the code was supost to act like it did the whole thing the dao was created like a fraud. and so he followed the fraud. was just faster then the one who planed to do the fraud. Sorry but I disagree. The main point of ethereum is to develop an autonomous legal system. As per the terms of that legal system, the only legal system that has jurisdiction in matters of the ethereum blockchain, the "hacker" was within legal bounds. If some outside legal agency wants to interfere with the self governence of the sovereign ethereum blockchain than they are aggressors. hmm interesting point of view you have. ok lets say you are right and it was ment to be a autonomous legal system ( didnt see that in the white paper but anyway) how can such a system prevent fraud ? like i said befor if the hacker acted legal the whole dao was fraud haveing that bug on purpose. It's not about what it says in the white paper. It's about what it is. Smart contracts are contracts. Its right there in the name. Contracts operate within a legal framework. Miners have a consensus algorythm that they use to resolve contracts. The consensus algorythm is a body of law. The contracts are the tools written within that framework of a body of law. So there was an accidental flaw in a contract that someone developed with the expectation that it would operate in a certain way (a way in which it infact did not operate) within the legal system that is the consensus algorythm deployed my miners for interpreting contracts. You dont get to just ex post facto change laws and then retroactively apply them because there was something wrong with a contract. Thats insane. The whole point of this project was to create contract interpretation that its insulated from the subjective whims and interpretations of man. That is a strength and a weakness. You dont get to have your cake and eat it too. The ethereum project chose what we have already had for millennia. This project chose the way they professed to believe in before it was inconvenient. |
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So if you do not link addresses, you won't receive any BYTEBALLs?
Correct, you need to link your bitcoin addresses in order to receive bytes. When is this happening? Or is it still TBA? |
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Haha the first IOTA's fork.
That's a good sign.
People in iota slack general chat saying its not a fork??? They are saying it's just the same idea but its own unique implementation. If that is the case than count me in. *edit* Also I am a big fan of the no ICO dev keeps 1% model. Puts all the incentives in the right place. |
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Honestly I feel like Darknet markets will be the first adopters of any good cryptocurrency.
I didn't realize some had started accepting Monero.
I've been looking into it, hopefully I'm not too late to get some and make a little profit...
Looks like it might be a little bit of a buying opportunity right this very moment. Could go down from here sure. But you wouldnt be buying at any where near ATH. Something to be said for that. |
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someone post their address
Corso Somalia 27 Muqdisho Banaadir Somalia Their iota address... |
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someone post their address
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Thanks for the heads up. Password changed. |
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How would you explain IOTA to a person saying "Same old shit - Syncing blockchains, sending txs - I have been doing that with Bitcoin and the likes already for years" ??
I would say that forcing everyone to audit everyone's transaction becomes impractical if the network grows sufficiently large. It is necissary than that people form large enough consensus clusters so that their consensus be trustworthy to outsiders and than audit only a fraction of the network. Further it is ideal that there be as much overlap in consensus actors as possible. Such that each individual transaction will have its own unique cluster of consensus around it. This is what iota does. Never mind petty debates on things like block size, that was a band aid at best, this is the necessary step forward for scaling. |
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Is it just me or is there an unusually high proportion of legendaries in this thread. Not saying anything more than that. I don't know what it means if anything. Just an interesting thing I noticed.
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Well guys I'm officially part of the club.
Yay! Good to know! Welcome  Theoretically from what I have seen in the white paper this should be able to work. But its going to take more work to produce a smooth polished attack vector free version than any other crypto scheme anyone has ever devised. Lets be honest. It will probably fail (I said the same thing about bitcoin in 2010) despite being technically theoretically probably possible. But pass me those dice, I'm ready to roll.  |
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Only 1000 ETC? Surely he can do better than that. He "earned" millions from the "hack" and that is all he can spare? That is funny. I cannot see how this is big news. Also there is the bigger problem. What does he intend to do with all his ETC now that he has full control of it? Not to dump on the market I hope. It would be nice to have an official statement from him. Hackers are Bad guys. What ever the reason is, taking someone's property without consent is nothing but stealing. And we are expecting nice thing from a hacker ?? He had consent. Everyone who sent to the dao consented to the terms of the contract. That contract had an actionable clause in it allowing for him to make a withdrawal. Hes not a hacker. He was exercising his rights as per the terms and conditions of the contract that everyone agreed to. I didn't agree to a contract where anyone can take the funds at their whim. I agreed to a DAO that would have been used to kickstart new projects and the like. Than you don't understand what ETH is. What its for. Why it exists. What it represents. Look at the title of this thread. Immutable. The code IS the contract, sending funds IS the signature. |
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Well guys I'm officially part of the club.
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Found the address. Rebroadcasted, replayed and rebroadcasted again for good measure, yet still shows 0 balance.  Is 1.0.4 really broken? Because 1.0.5 doesn't appear to have a gui yet. Status bar reads |
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Sorry cant really give you guys good replies. Baby asleep on arm.
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Serious setbacks and dumps are not happening.
There is too much buying pressure.
I remember when bitcoin rallied from 10'sh usd to 265. Did not buy in the rally (unfortunately). However, I have pretty similar gut feeling of Monero - it has not done it yet. Too much buyers and now finally things has started to happen so selling now when things has rocking and rolling only 1 week feels pretty stupid. I wonder who are these sellers...? How they make their decisions to sell? Probably they are just very desperate for cold cash (tax liabilities to pay?). A lot of big (and smart) XMR holders are likely to have selling plans. This means that they'll sell a certain percentage of their coins at a fixed price level. Doing this eliminates emotional errors and risk. Lots of these probably are hitting their selling targets now and sell. I certainly did. Those who sold sub 0.01 are complaining about selling too early.. So the selling plan will not work always in an optimal way. I bet many who sell now will regret if the price hits 100 usd/xmr. On the other hand, the people holding only smaller amounts of coins will make the big guys even bigger in terms of size of the Monero pie. Those who sell will become poorer in Monero economy. If I sold what shall I do with the fiat? Perhaps buy some Realty Income shares? Nah, only 4-5 % pa dividend yield. Buying gold? Probably not in large extent because Monero is better (although it doesn't glitter). Appartments? Probably... But again, I can do it also with the banker with 100 % financed so no money needed... It's always about gold. In the end. Even if you never buy any, its always about how much you could buy, if you wanted to. Gold is the the tip of the liquidity pyramid. It is timeless, immutable money. It is money as decreed by the laws of nature and the universe its self. Its always about gold. Maybe this will explain what I mean. I bet you could buy a space faring vessel from an alien species somewhere with gold. Try doing that with monero or apartments. I also like some gold coins...And I even own around 10 oz. That being said, I do not promote to go all in gold. Gold produces nothing and is good only for very short periods (and usually when you want to sell the dealers cannot give you a good rate or are closed because they do not want to buy high). Most of the assets should be producing cash flow, not standing idle in the vaults of Switzerland. Appartments are giving me nice 10 % ROI and even higher ROE when using debt wisely. I agree with all of that. |
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... let's see if I'll ever be able to sell..
Intergenerational wealth transfer is one of the great use cases of Monero. Imagine if you great grandparents had thought to have a van Gogh delivered to you on your 30th birthday, how you could have improved matters, given that resource... I plan to pass at least 1000 XMR to each of my grandchildren, should I ever have any. These things have a life cycle aminorex. Just as bitcoin will likely fade under the scorching light of monero, so too will monero some day. |
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Serious setbacks and dumps are not happening.
There is too much buying pressure.
I remember when bitcoin rallied from 10'sh usd to 265. Did not buy in the rally (unfortunately). However, I have pretty similar gut feeling of Monero - it has not done it yet. Too much buyers and now finally things has started to happen so selling now when things has rocking and rolling only 1 week feels pretty stupid. I wonder who are these sellers...? How they make their decisions to sell? Probably they are just very desperate for cold cash (tax liabilities to pay?). A lot of big (and smart) XMR holders are likely to have selling plans. This means that they'll sell a certain percentage of their coins at a fixed price level. Doing this eliminates emotional errors and risk. Lots of these probably are hitting their selling targets now and sell. I certainly did. Those who sold sub 0.01 are complaining about selling too early.. So the selling plan will not work always in an optimal way. I bet many who sell now will regret if the price hits 100 usd/xmr. On the other hand, the people holding only smaller amounts of coins will make the big guys even bigger in terms of size of the Monero pie. Those who sell will become poorer in Monero economy. If I sold what shall I do with the fiat? Perhaps buy some Realty Income shares? Nah, only 4-5 % pa dividend yield. Buying gold? Probably not in large extent because Monero is better (although it doesn't glitter). Appartments? Probably... But again, I can do it also with the banker with 100 % financed so no money needed... It's always about gold. In the end. Even if you never buy any, its always about how much you could buy, if you wanted to. Gold is the the tip of the liquidity pyramid. It is timeless, immutable money. It is money as decreed by the laws of nature and the universe its self. Its always about gold. Maybe this will explain what I mean. I bet you could buy a space faring vessel from an alien species somewhere with gold. Try doing that with monero or apartments. |
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I think ETC should not receive or return the reward from the hacker.
The whole point of this project is to stand behind the principles that imply that he is not a hacker at all. Those funds legitimately belong to him. He can do as he likes with them. mmmmm sorry i dont think thats what ETC sais ETC sais we are not the law like in lawenvorcement. but the line code is law means something different it means the blockchain is immutable the ledger shall not be changed. we do not say we know if the hack or the takeing was a crime . there need to be an investigation. we are not the despot to decide . every person has a right of a objective investigation and a trail befor anounced guilty. and thats why ETC happend. not becouse we say its legal what the "hacker" did. me thinks given the evidence that have been published he took them legit but moraly hmmm or ethicaly not correct.becouse if the code was supost to act like it did the whole thing the dao was created like a fraud. and so he followed the fraud. was just faster then the one who planed to do the fraud. Sorry but I disagree. The main point of ethereum is to develop an autonomous legal system. As per the terms of that legal system, the only legal system that has jurisdiction in matters of the ethereum blockchain, the "hacker" was within legal bounds. If some outside legal agency wants to interfere with the self governence of the sovereign ethereum blockchain than they are aggressors. |
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Only 1000 ETC? Surely he can do better than that. He "earned" millions from the "hack" and that is all he can spare? That is funny. I cannot see how this is big news. Also there is the bigger problem. What does he intend to do with all his ETC now that he has full control of it? Not to dump on the market I hope. It would be nice to have an official statement from him. Hackers are Bad guys. What ever the reason is, taking someone's property without consent is nothing but stealing. And we are expecting nice thing from a hacker ?? He had consent. Everyone who sent to the dao consented to the terms of the contract. That contract had an actionable clause in it allowing for him to make a withdrawal. Hes not a hacker. He was exercising his rights as per the terms and conditions of the contract that everyone agreed to. |
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Why is this shit still pumping
Have you read the whitepaper? |
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