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1  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Ethereum should I buy or wait? on: August 10, 2016, 12:03:18 PM
Does anyone know how much the ETH devs have invested in the DAO?

ETH is a joke. The devs were invested in the poorly coded DAO so they push for a do-over when it fails. They rush a soft fork that turns out to be poorly coded. Now they are going to rush a hard fork and hope the third time is a charm. Amazing they turn ETH into shit over a third party screw up. I am amazed it has not tanked much harder...

You guys really shouldn't be in a discussion about ETH investing without knowing the basic facts: https://medium.com/@avsa/the-truth-about-the-fork-fd040c7ca955#.46o4owx5w

That's a blog post from an Ethereum dev with links to fact check. Sure he could be lying, but it's up to you to decide where and how and with what evidence.

tl;dr some eth devs had money in the DAO but not anywhere near the amount people would like to think (e.g. millions in USD). Those devs have declared their stake publicly. The DAO was not poorly coded. The attack resulted from like two lines of code in the wrong order. Maybe they should have put some more safe guards in place, but I'm not sure we can call that a failure on the behalf of bad coding. Had the few lines of code been put in a different order, the attack would have been impossible. If you want a better explanation of why the code in the blog post is screwed up I can explain.
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