In about two years, look for new ICO, that "improves" upon Ethereum. They'll market that they "learned" from all of their mistakes. They'll let people swap out their then practically worthless ETH tokens for the new and improved tokens. (Which will cause an increase in value for the old ETh tokens as dumb dumbs buy them up so they can swap for the "new and improved" tokens. )Maybe they'll promise additional "features" to build on top of the blockchain. Of course, they will also be accepting Bitcoin for additional tokens. Then we'll see all the mETH heads jumping on board and shilling the new and improved piece of shit.  |
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Do you see other alternatives? Or will all eth based blockchains go down with it?
I see anything based on smart contracts, DAPPS or token creation going by the wayside. Kind of like the POS masternode craze went by the wayside last year. I'm sure someone will come up with some new vaporware or novel distribution system, to separate the greedy hoards from their BTC, |
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What do you think about you guys opinion?
They officially announced that DOA token be refunded.
Then is it going to be like below
No. ETH funded * (Number of DAO holding / Total DAO)
Any idea on it?
Good luck with that. The Ethereum foundation would have to do a fork to implement this. The fork would basically replace the whole blockchain with an altered version. This is going to take months if they chose to do this. They also better make extra sure that the replaced DAO code and replaced ETH code has no bugs or vulnerabilities that could make the fix worse than the initial problem.
If they hard fork any DAO refund would be at ICO price, wouldn't it?
All the ETH would magically appear back in the original DAO address and every DAO token holder at the time would be able to extract their share of the ETH. No telling what ETH will be worth in BTC or fiat by then or if it will even have enough miner support to keep the network viable. Time will tell. It's going to take a monumental feat to keep the ETH scam token train running that long. |
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I believe, all the individuals that dumped DAO and ETH are eager to invest their BTC to recover their losses and to make their BTC grow before the BTC halving. We will see a big pump for WAVES once trading officially begins.
honestly the lite client being a web app with no 2fa scares me which is why im sending al me 20k waves to bitrexx and yobit i suspect others feel the same i e been hacked before so always weary of we apps and plugins now. i dont plan on selling more than 30% intially but until the client is upgraded my waves feels safer in an exchange ( sounds crazy thinking that out loud lol) All the web client does is use your browser as the interface with the network rather than a QT. It also makes it so you don't have to store the whole block chain on your computer. Your private keys are stored on your computer. The only way someone can access your coins remotely is if they somehow get your seed or private keys. 2FA would not bolster your security at all in this case. It would not help you if someone managed to steal your seed or private keys. But if you feel storing your coins on an exchange is more secure than on your own computer, to each their own. Here is the address that comes up in my browser when I use the web client. file:///C:/Wallets/WavesGUI-0.3.3.MAIN/index.html. Notice that it doesn't start with https or http? That is because it is run locally. |
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Ethereum's platform has done nothing wrong. It is the issule of the DAO's codes. Traders are not thinking rationally.
Exactly. its not ETH's fault. It shoulld be an easy money for you if you buy more ETH this time. it has proven to be a great system and will be back sooner. its cheaper now so it must be a good time to buy. Oh yes, the Ethereum foundation had absolutely nothing to do with the Dao.  This was Stephan Tual's baby, and he was the former CCO of the Ethereum Foundation. And look at who all the curators are. Yeah, the Ethereum foundation had nothing to do with creating this Frankentoken.  Wonder who benefited when ETH reached it's all time high, while people were buying up ETH to get involved in this new and exciting experiment? |
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Excellent writeup. To be honest, ETH has no chances to ever fully recover. Sure, you can expect the price to go up and down for a while, since there is a lot of people involved with deep pockets, but in the long run the thing is done for. Vitalik is acting as if he was Ben Bernanke with all that "hey guys, stop the exchanges" insanity. This is just too deep of a fuckup to recover. I just hope that everyone was able to sold their ETH on Poloniex before it got locked.
I thought the problem was DAO, not ETH. That's like blaming dollar as a currency if some big bank or investment using dollars fails. Sure, it will hurt in the short term but in the long term, why not go up again? BTC has recovered nicely from the same disasters in the past. Mt. Gox hack was 10x worse than this, no, and here wee see BTC climbing to 1000 again. One has to have balls to buy ETH now but it will probably make many people earn lots of money buying cheap ETH now. Just check out their list of curators. Recognize anyone? |
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@MySecondCuntAGREED !And love the name LOL ..rest of the Tards ? ..some FUD for YOU ! and some FUD for you.. Some FUD for you also !No i did not forget about you too  ..some FUD for you too. Keep feeding this troll with FUD.  So tasty. ETH/DAO FUD is the best ever. |
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based on post above it looks like the dao will be shut down, im a new in a crypto, i have bought some DAO on bittrex @20000 sat, is there any chance to get the money back? or may be the dao will be raise again,
and now the price are halving.
it frighten me enough, im a small guy of course lol,
please give me an advice what sould i do confront the fact, particularly the Pro here,
Your options can be found in their blog. Sorry, the options are not good at all. https://blog.daohub.org/the-next-steps-786323e6fac9#.n8b9ecru6 |
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Wow, what a big step! Does anyone knows whether the investments into DOA are dead, too? Or is it possible to exchange them for Ether in any way. I have only got a small stake, so loss is not big but I am wondering if I still could liquidate them.
You can go to their blog to find the options. None of them are good. https://blog.daohub.org/the-next-steps-786323e6fac9#.n8b9ecru6 |
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It's worthless now. The Ether that backs it up is not secure at all.  |
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How can anyone ever trust a smart contract not to outsmart them somehow? Even Vitalik didn't really see this. How's Joe Dickhead supposed to know what kind of code is burried under there?
Either Joe Dickhead should learn to read the code really well, or stay as far away as possible. They can also just wait a month or two. That should be plenty of time for a bug to rear it's ugly head or a critic to find any wayward code. |
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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.  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. |
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I can see a face just above the skidmark ... it's a sign!
 'No DAO funds at risk following the Ethereum smart contract ‘recursive call’ bug discovery.'Problems was is that he was talking about not having a problem with the recursive vulnerability for the function executeProposal. What caused this shit storm was the call function splitDAO. They didn't add the lines of code to prevent a recursive call on that. There are other contracts running on the EVM - I seem to remember a ponzi scheme? Are they all hit with the same bug then?
If the smart contract allows someone to use a call to move ETH from one address to another, and they did not add the proper code to prevent it from being done recursively, then yes, they would. |
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This is an inside job from the DAO developer damn that millions of money can do a lot of things like you can not be extradited from a certain country  Possible. There are some DAO devs bitter about Vitalik's insistence on switching to PoS due to the lower security. In the end it doesn't matter because the devs announced the vulnerability to the world before implementing it after it was brought to their attention. Great Jobs! Question: once it was in motion, what kind of power do the curators have to go in and bug-fix things like this? Assuming they admit they have a problem. They don't. All they can do is whitelist the person who has the fixed code. Then the person would submit the proposal up for a vote with the fix. The vote would take two weeks. The proposal with the fix would not only have to pass by a majority of yes votes, but also a quorum of 20% of all possible votes. Problem is that the vulnerability is now well know and it only takes a week to create another ETH draining child DAO. (Or many ETH draining Child DAOs.) |
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You're trying too hard to dismiss Ethereum. While there is some truth to your claims, look at your yard. Bitcoin is even greater mess than Ethereum. As far as I'm concerned, Ethereum's gonna break the Bitcoin's market cap in few months.
Keep chasing that rainbow. I'm sure you'll get your pot of gold someday. |
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ETH wasn't hacked so why would you sell. If price falls then you buy more.
ETH is good for smart contracts; what good are smart contracts if you have to trust trusted curators to vet the code for you? And they still fuck it up? And look who the curators were. |
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It's even worse the this. It's like cholera, the shits leading to death. |
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Sure they can recover but only if they don`t fork at all!!! they must let the system work suffer the price penalty over long period of time, maybe even again at 1$ and wait and develop
Or if they fork, trust is lost, it gone be overtaken with some clone for sure
If they don't fork, they will have lost trust. Especially since a lot of Eth notables were curators for the DAO. It had all their rubber stamps of approval. And now the are facing a 150 million dollar boondoggle since the DAO code is still broke, and the mess cannot be fixed any other way. https://blog.daohub.org/the-next-steps-786323e6fac9#.iz1mcre41Sorry, but the Ethereum foundation, encouraged this Frankenstein (theDAO) to be created. Expect the hoard of angry community members to storm the castle. |
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Wow, what wonderful choices. Either wait for a possible hardfork and watch the DAO get drained for more; dump your tokens on some other idiot for a loss; or try a split into another child DAO that will have the exact same vulnerability. I guess if every single DAO holder attempts to split off on their own, a few of the lucky ones may find themselves all alone, with no stalker trying to drain them dry. https://www.youtube.com/watch?v=mPVpMxVn6mkThank God that I divested myself of this nonsense a few days ago. |
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ETH is being kicked HARD in the balls and it's bones are being picked at. Noob accounts are being created by established community members to join in the ETH lynching fun. People are shouting at ETH straight in the face. I don't know if I've ever seen such a feeding frenzy on BCT.
There's nothing like a bit of camaraderie. And there's nothing like even a little bit of camaraderie in crypto!
Pages and pages of relish at the death of ETH which might have the same effect on crypto as the MtGox fiasco. It might set us all back months, if not years. But no-one seems to care about that right now. It's too much fun hunkering down on it.
But what will y'all do if ETH survives?? (apart from getting very very angry!)
I voted "meh." I dumped all of my DAO tokens on Monday along with the few wei of ETH that I had for fuel. I did the transfer wrong, so I have a few wei left of ETH, but my Mist wallet is closed. Not running a node anymore to hog up my valuable hard disk space. If ETH survives, the only way that I can see me getting back into it, is if someone manages to come out with a DAPP or smart contract that is absolutely fabulous and proven secure. I'm not participating in any more multi-million dollar "experiments." Maybe I can convince my pet to participate. |
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