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It's going to be too much of a shit show, too many people will be involved, too many contracts infected. Eth will bleed out
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It doesn't make any sense. Is it being manipulated by top bagholders who are using their money to keep buying the sell offs to give it the smoke and mirror effect of looking like Eth isn't bleeding out?
There was a panic selloff followed by an over-correction. The next phase will be a slow and painful decline. ~~ You see this completely wrong... ETH will resurrect after the fork. It will be the very first time in the history of the financial world where a theft can be returned to its rightful owners without the hassle of apprehending the thief and his bounty... Do you guys remember that theft at the central bank of Bangladesh last January ? The hackers managed to steal 81 million $ out of the IT infrastructure. Most of the cash hasnt been recovered. IT-Systems are bound to fail, its a principle which was not invented by smart contracts. However, financial institutes will pay billions for a system which actually can recover stolen funds. This fork will be the very first example of the possibilites a blockchain really has to offer. No one in finance will be interested in the technological implications which some derive from the ETH hard fork. ETH will return the money. ETH will turn back time... Thatīs how things are going to be percepted after the fork... These attacks are endless. A fork may be impossible. Eth may have been infected and there is nothing that can save it. http://pastebin.com/9MRVDC9h
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It doesn't make any sense. Is it being manipulated by top bagholders who are using their money to keep buying the sell offs to give it the smoke and mirror effect of looking like Eth isn't bleeding out?
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does dogecoin and litecoin have scope to grow?
Yes, btc and ltc is all you need.
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The attack wasn't on ETH. ETH will survive just as BTC survived it's attacks. Nothing much to see here.
Haha, eth is doomed. With or without a fork, either way Eth got hosed. http://imgur.com/MBlS7Wr
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What do you prefer to earn?
Both of them have the same chance.but I prefer on bitcoin because it's global digital currency and you can buy anything with bitcoin on some store. ETH it's not different with alt coin. But I heard about ETH hack recently, do not know about that may impact on ETH if that news was a true event. Have you looked at the price recently? Lol.
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Eth should have died a long time ago.
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We need litecoin right next to bitcoin both enjoying the popcorn lol
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Seeing how there was no attack but shitty code that allowed an observant individual to execute it as written
TPTB aka Anonymint had zero to do with it.
~BCX~
I bet you are wrong, only TPTB is smart enough to conduct such the hack. Oh, and probably Satoshi. Not hardly. It was plain as day in the code after Vitalik Buterin pointed it out in his post. The "exploit" was too well formed to have been just a bug. It was purpose built from the get go. Some one knew it was there the whole time. Strongly smells of an inside job. ~BCX~ TPTB was confident there was a bug in the SOL code, but he didn't take the time to try find it. Because he is not going to do something that will get his ass thrown in jail. TPTB doesn't have a vendetta against Ethereum. TPTB motivation is to earn $ in positive ways that help advance CC. TPTB is not a hacker from the dark side of the world. Wow. TPTB seems to have many adherents to do his talking for him. How can so many people be in his mind and know his thoughts? He must be very transparent in his enigmatic sort of way. Because that IS him. Are you trolling?
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As I already said: totally useless
Truly an idiotic response
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What will happen when the big exchanges will start dumping their stash? Remember most ETH is either held by the devs or by the exchanges.
The exchanges will most likely front-run their clients and dump before them, once the trading resumes. You will probably see huge slippage and spreads, and people can only liquidate at unfair prices...
Yep, in my opinion this is the most dishonest fiasco in 2016, and it can easily turn into a MT GOX scenario.
Where is trading locked? I see btc-e still trades.. gdax? gemini? kraken? They all locked?
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I bought this so I can watch the real gold and silver crypto moon
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Minecache and stoat, time to create new toons Lol. Sorry for your loss.
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Yes, the poorly written code allowed them to LEGALLY get the coins. This is not a hack, just poor coding. Eth can NOT recover from this. Tarnished forever.
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Please try and be nice to people who were going long on eth. It's a coin that will truly be missed, and I know a lot of people are holding a lot of money's worth. We have all been through bad times. Good luck to the believers and the holders, it's only money and you can always start building again. Learn from your mistakes. Good luck all.
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I think Ethereum will be no more among us after this attack, the issues to it will be fixed sooner but i don't think that it will survive for longer , it will die in this year.
Vitalik Buterin did the mistake of his life by pannicking about people panic selling and demanding that exchanges froze the ETH markets... I mean what the FUCK? Think about this for a moment. This is terrible and sets a scary precedent. This would never happen with BTC because everyone knows it would be a disaster. Wasn't there a bitcoin snafu where it went to 1c briefly because there was a major code problem in early days, like 2011 or 2012? Bitcoin was the first of it's kind. There wasn't any alternatives people who now would naturally go to, and in theory killing off eth. Different times. Reversing transaction due to badly written code is what they are currently proposing. All principles go out the window and eth will be tarnished forever.
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It's dead that is what..
No one is going to trust it now that it's been hacked that bad !
People will still make a distinction between DAO and ETH, won't they? Ether seems to have already recovered quite a bit. I think it's over. There is a difference between exchanges being hacked (these are local businesses) and the code of a coin being over-written, and DAO was a contract written on top of Ether. This was fundamental, and I understand that the flaws were first pointed out in 2015 but nobody bothered to correct them. The conclusion - robust code matters, and coins that have stood the test of time (bitcoin but also ltc and doge) will win over stuff that is clever-clever but turns out to have built in flaws. Reversing transaction due to badly written code is what they are currently proposing. All principles go out the window and eth will be tarnished forever. It will die shortly after.
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It's only until he rolls back the chain, then it'll be us bitcoin holders' turn to start panicking. No. As soon as they do something like that, it proves that the statement of this coin being beyond the influence of 'governments' and whatnot was a lie. looks like DAO is going to simply open for withdrawals thats it. Or is that just fud?
If by simply you mean doing a change that is the equivalent to coin control (which is frowned upon) in a decentralized system (which isn't decentralized anymore), then yes. Remember when bitcoin hard forked multiple times because someone created 9 billion bitcoins? Oh you don't? That's because you're a pesky noob Hahaha you're... you're crazy, man. I like you, but you're crazy.. Eth is fucked. Proof-of-Vitalik centralized fail, scam, ipo, its all facts. All principles go out the door when you reverse transactions from theft. They should take the hit in the market, and rebuild like the system was designed for. Don't reverse transactions and tarnish the entire meaning of crypto. hahaha fail. Fiat fail, fedcoin fail, hehehe
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Broad diversification is key to success in investing. Saving money in 2 coins or stocks can wipe half of your capital if one of the two goes south. Put your dough in 5-10 coins, if one of them collapses you only lose 10-20% of your capital and can quick recover your losses. Read what professional investors do, they recommend investments spread over 10-20 ventures. Above 20 is difficult to keep track of. But 5 is a bare minimum, everyone can keep track of 5 coins and be insured against large unexpected hits.
In crypto broad diversification is picking coins with original code that are not Bitcoin clones. You diversify the software and the devs, programming languages.
You're saying "conclusions after eth fiasco" like it's over? haha
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Take all 100 bitcoins and use them to fully leverage an ETH short.
~~
Yes. I really am from the future! ~~ lmao well played. We're going way way farther down I have a feeling. It is not nearly over.
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