I think the new Alcurex site did not list FAIL, maybe you want to update the OP.
Hello, Yes, we are aware of that and I'm in contact with halibit (the alcurEX owner). I'm not sure if we are going to be listed again, but we will at least try.  |
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Let's stick to the subject, which is:  |
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DAO now is DOA, dead or alive.
More like Dead On Arrival... |
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He did absolutely nothing wrong!
Everything was according to the rules.
But what if they decide to make a hard fork in order to return the "stolen" funds? Can the "attacker" sue them for taking what he rightfully claimed? |
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I think that the attacker can be sued, but that doesn't matter. DAO got hurt in a way that I didn't expected, thought I pointed out that it has too many flaws.
Sued by who? A bunch of line of code cant sue anyone! We are talking about vast amount of money and they will definitely try to do something (for example, hard fork). I'm not sure if they can really sue him, but time will tell. Yeah, I saw it earlier today... |
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I think that the attacker can be sued, but that doesn't matter. DAO got hurt in a way that I didn't expected, thought I pointed out that it has too many flaws.
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His point is that is all part of the game. It is actually good for crypto. Our ecosystem learns and grows stronger.
This is the way decentralized nature anneals fitness.
I know what he meant, but I'm not sure if he understand why I did started this thread and my point here. It is part of the game, but its not good for crypto. |
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...This could kill all the crypto!...
LOL, not a chance in hell. When it crashes and burns it'll just get more peops interested.Maybe, but it could also get "other people" interested in to ban just about everything. There are many people who thinks that cryptocurrencies are beating the banks (for example), and they are enthusiastically "singing" POWER TO THE PEOPLE, but the truth is that governents, banks and big companies are already exploring Bitcoin and such. They don't need Bitcoin, Ethereum or something else, which is part of our "cryptoworld". Do you think that they don't have the funds and the power to make something similar (or even better) than Bitcoin, Ethereum, or... whatever?  How do you think you will react if you deposit $200Mn in a bank and get a response: "Thank you sir, but keep in mind that there is a chance for you to be robbed.". FUCK NO! What I am trying to say with my not so rich english is that if you invest in a ICO and the initiator runs away with 10 BTC... that's a problem. But when you have gathered $200Mn from the "masses" and there are so important security flaws... that's a BIG FUCKING PROBLEM. Then these "other people" have another BIG excuse to get involved and guess what may happen next? |
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Only time and action will tell what actually happens here - and a click bait title like DAO FAIL is clear on what your true intentions are before even reading through the thread.
You should carefully read what I have later said. I strongly support that part of the Silbert's statement: During his final comments on DAOs, Silbert questioned the role these decentralized organizations can play in the real world. He concluded:
“These DAOs that are raising money from the masses with — basically it’s a blank check. It’s a pool of capital that’s going to be deployed in a way that I think will be very democratic. I’m skeptical because I don’t know the role it needs to play in society. I don’t know, in the capital formation process, what’s wrong with our current system that it’s solving for. I’m philosophically supportive. I hope it’s successful, but I don’t see the problem it’s solving yet.”
That is why I've said that if Bill Gates or Warren Buffet (for example) decides to throw over $200Mn in a cryptocurrency/token/asset, I'm all in! No matter if they FAIL at some point, because I will at least know that they thought very carefully before releasing it. DAO's took over $200Mn from the "masses" and now it turned out that they have problemS (not only one). You can't just take $200Mn from the people, without doing vast amount of researches on your product (though I admit again that I didn't make any deep researches on ETH or DAO)! This could kill all the crypto! This is my problem! I'm not a troll and I'm not against ETH/DAO. Whats better for crypto in general, its better for everybody. |
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Disqualifying the potential of all future projects before even having seen the proposals is nonsensical.
This was not the original idea of the thread and I completely agree with your statement. The DAO currently has a big problem and I'm not saying it will not be resolved, but it kinda makes me angry on how people can gather so much money (after recent ETH price rise we are now talking about over $200Mn), yet allowed this to happen... |
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Ethereum reaching new ATHs so it's not surprising this clown is not amused. Happy dayz for everyone else though.
This is no news, since a lot of people already made money with Ethereum. Lets see what happens in a year or so... |
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Hello, Here is one more example:  Cheers, Spartak |
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Logo is good! You know what that reminds me of a little! Which colour are you thinking as main colour?
I'm not sure bro... What about if the people resync the new wallet and just import the private keys? I think that it should work in that way
Let's fix it bud. I'll have the latest wallet probably on Wednesday, because I must travel to my hometown. Don't get me wrong guys. I like the latest logo, which Isaac created, but I find nothing funny in it. The "F" and FAIL sign with the "C" in it is unique, but I think we should make it "more funny". |
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Hello, Isaac presented one more example for a new logo:  Cheers, Spartak |
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I think you have a good developer in your community he wants to fix it,because it is a challenge doing so and he wants to solve the problem the problem for any issue that could come along the way,
Your logo is great could be greater if you incorporate your slogan on it..
Thank you for your opinion robelneo. Panoch is in fact a GREAT coder and there are several peope here which can confirm that. The problem is that lately he is very busy and frankly speaking.. we are working almost without funds. Your input about the slogan is good. We have few more ideas and will try to see how it looks. P.S. Exactly which logo is great? Cheers, Spartak |
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Call me stupid, but I have never ever researched Ethereum, the DAO and such (I will not mention others), because of two simple reasons:
1. They are gathering vast amount of money via IPOs/crowdsales. I'm not against that! Funding projects its not a bad thing, but not at this stage of life of the cryptocurrencies, and not with that kind of money! If Bill Gates or Warren Buffett (I'm just giving an example) decide to throw money into a project, then I'm all okay with that! I will even invest! I just believe that if we "do it for the sake of cryptocurrencies", then it can be done with a lot less money. Currently people are throwing their 0.001 BTC holdings with the only hope to make profit firstly in fiat money, and secondly in Bitcoin. This is not the way!
2. How come a project claims to be "decentralized", yet it has CEOs, CTOs, CFOs, CMO etc...?! HOW THE F* THIS WORKS?
Houston, we have a problem here and this problem refers to all of us. No matter which coin/token/asset/somethingdumb you are supporting!!!
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Hello,
As we previously stated, our new wallet is ready, but currently it won't work with the old wallet.dat file. There are not many people who are using FailCoin and we thought to release it as it is, because you can send coins between the current version, and the new one, but Panoch is against this decision as he wants to fix the issue. Bad thing is that there are no errors and a lot of debugs must be made. His exact words were: "It's like finding needle hole in a big bus". He is our Lead developer and we decided to comply with him.
Do not worry about anything! It took so much time to get here, but we are at the finish line!
Meanwhile I'll ask anyone who is following (or not) this topic to post his suggestions about our new logo.
Best regards,
Spartak
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Better sell your shitcoins to buy ETH.
ETH made all your shitcoins obsolete, thats why the scammers and shit devs on this forum MAD AS HELL about ethereum
Maybe I should have launched a moderated topic. Are you 12? We currently have a $174Mn problem, which can cause huge negative impact on the future of cryptocurrencies and such statements are unnecessary! |
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I just read a good article on coindesk regarding this. Personally I did not invest any eth into dao.
I may later on if it proves to be legit.
The question is not if its legit or not. The question is that they raised $174Mn, yet allowed this to happen. Its like inventing a tank for $174Mn, but then it turns out that you can stop it with knife... |
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