Bitcoin did well today, up 1.8% on the dollar ETC was also up 1.49% on the dollar, but down 1.72% against Bitcoin, However, ETC was up 2.63% again ETH  |
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https://blog.bity.com/2016/09/06/whitehat-withdrawal-contract-final-deposit-is-available/The DarkDAO attacker withdrew 3.64 million ETC on September 6th 00:02 CET. The funds are now located inside this address 0x5e8f0e63e7614c47079a41ad4c37be7def06df5a. At the time of writing most of the funds are intact except for 1,000 ETC the attacker donated to an address associated with ETC development. The WHG kindly ask that the recipient of these funds deposit the 1000 ETC to the withdraw contract so it can be distributed to its rightful owners.
DO NOT FORGET CODE IS LAW
We are not law enforcement or police and first of all we believe he is not hacker or attacker but very talented person who kindly helped us find bug in the system and should be awarded for this not punished!who is we ? ETC community, is it not? Than me! If this is not what ETC community feels like so my mistake and I should not be here. I was mislead to think like it. You and I have similar feelings. So atleast one person shares your position. From The Ethereum Classic Website: https://ethereumclassic.github.io/"We believe the core value proposition of any blockchain is immutability; valid transactions can never be erased or forgotten. Individuals interacting on Ethereum Classic are governed by this reality; Code is Law.
This does not necessarily mean that code replaces existing laws, or that only code is law (there are many geographical jurisdictions), but it gives users the opportunity to enter into a new blockchain-based jurisdiction where agreements are governed by code.
By entering into contracts on Ethereum Classic, you can be certain that the network remains neutral. The outcome of transactions will be dictated by code you voluntarily interact with. Unless explicitly defined by the contract code, there are no reversals, no undos, no opt-outs.
Transactions are final; applications are unstoppable." |
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This is what happens when you invite "community" opinions. Everyone has them so everyone is having their say that wants to have a say. I vote to give the funds to a non-profit charity. Others have suggested burning them. Others have made suggestions ranging from contracts, and giving to WHG, and it is like herding CATS.
Personally I would just give it to non-profit charity and make a public statement regarding what happened and why would could not keep or use the funds. I am a keep it simple type of person. But lots of people have different ideas. Everyone deserves to have their ideas heard.
I would like to give them to Krypton. |
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Again, whg, vitalik, the foundation... they are irrelevant to these 1000 etc.
I understand there is some kind of code among thieves, but to the rest of us this matter is pretty simple.
Actually the matter isn't simple. If you want to take part in the conversation you can find it on the slack. I have already expressed my opinion about what to do with the funds, but there are a LOT of opinions on what to do. Some of the ideas are better than others, but it is a very lively debate. Longsnowsm is correct. Even if you were to get Longsnowsm and myself to agree with you it would have no effect. You have to become an Ethereum classic supporter to and get others "on side" to make any effect. Moreover, we have been over this. Repeatedly asking like a young child will not change the situation.The 1000etc are now frozen. https://blog.bity.com/2016/09/06/whitehat-withdrawal-contract-final-deposit-is-available/The DarkDAO attacker withdrew 3.64 million ETC on September 6th 00:02 CET. The funds are now located inside this address 0x5e8f0e63e7614c47079a41ad4c37be7def06df5a. At the time of writing most of the funds are intact except for 1,000 ETC the attacker donated to an address associated with ETC development. The WHG kindly ask that the recipient of these funds deposit the 1000 ETC to the withdraw contract so it can be distributed to its rightful owners.
DO NOT FORGET CODE IS LAW
We are not law enforcement or police and first of all we believe he is not hacker or attacker but very talented person who kindly helped us find bug in the system and should be awarded for this not punished!who is we ? ETC community, is it not? Than me! If this is not what ETC community feels like so my mistake and I should not be here. I was mislead to think like it. I see that there are people in the ETC community that have strong opinions! Also some,.. like myself, have no opinion at all as I did not invest in the Dao. However, we have no Centralized Governance. We have no "man at the top". We have no hierarchy to make that call.I understand your plead @Mrpumperitis for the 1000etc but, I do not recognise your self proclaimed authority as the Ethereum Foundation Spokesperson.If the Foundation want to beg for the 1000etc, let the person at the the center of the Ethereum Foundation step forward and kneel before us all. They will have to make their case to every etc miner, holder and supporter and gain agreement among each and every one of us before they can change the direction of the 1000etc in question. The 1000etc was donated for development. Anyone that wants it to go elsewhere, well they will have to join us, lobby, campaign, argue and gain conscientious among all the etc community, before it will ever happen. Quoted from Ethereum Classic Website https://ethereumclassic.github.io/Decentralized Governance"There are many problems that fester due to centralization and opaqueness; corruption, unaccountability, nepotism, inefficiency and stagnation. Ultimately, centralization leads to fragility; only decentralized systems can stand the test of time.
These problems can be only solved by adhering to governance systems that do not rely on a central point of failure. Just like distributed networks and the consensus protocol itself, we believe that only truly decentralized projects can survive in the long run.
Ethereum Classic manifests these values by relinquishing control by a formalized central foundation. The only hierarchy is that of transparent meritocracy and mutual reputation. No backroom deals or behind-closed-doors unilateral decision making; just free and open discourse". |
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@greenuser Just wanted to mention the hardware wallet that supports ETC. It is the Ledger Nano S. I am waiting for mine to arrive, but thought maybe it might be something you put in your post with all the ETC info for those people looking for a hardware wallet for the additional security. https://www.ledgerwallet.com/products/12-ledger-nano-sNo problem, all done. It would be nice for a bit of a revew when it comes? The markets look interesting today i see. |
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https://blog.bity.com/2016/09/06/whitehat-withdrawal-contract-final-deposit-is-available/The DarkDAO attacker withdrew 3.64 million ETC on September 6th 00:02 CET. The funds are now located inside this address 0x5e8f0e63e7614c47079a41ad4c37be7def06df5a. At the time of writing most of the funds are intact except for 1,000 ETC the attacker donated to an address associated with ETC development. The WHG kindly ask that the recipient of these funds deposit the 1000 ETC to the withdraw contract so it can be distributed to its rightful owners.
DO NOT FORGET CODE IS LAW
We are not law enforcement or police and first of all we believe he is not hacker or attacker but very talented person who kindly helped us find bug in the system and should be awarded for this not punished!who is we ? ETC community, is it not? Than me! If this is not what ETC community feels like so my mistake and I should not be here. I was mislead to think like it. I see that there are people in the ETC community that have strong opinions! Also some,.. like myself, have no opinion at all as I did not invest in the Dao. However, we have no Centralized Governance. We have no "man at the top". We have no hierarchy to make that call. I understand your plead @Mrpumperitis for the 1000etc but, I do not recognise your self proclaimed authority as the Ethereum Foundation Spokesperson.If the Foundation want to beg for the 1000etc, let the person at the the center of the Ethereum Foundation step forward and kneel before us all. They will have to make their case to every etc miner, holder and supporter and gain agreement among each and every one of us before they can change the direction of the 1000etc in question. The 1000etc was donated for development. Anyone that wants it to go elsewhere, well they will have to join us, lobby, campaign, argue and gain conscientious among all the etc community, before it will ever happen. Quoted from Ethereum Classic Website https://ethereumclassic.github.io/Decentralized Governance"There are many problems that fester due to centralization and opaqueness; corruption, unaccountability, nepotism, inefficiency and stagnation. Ultimately, centralization leads to fragility; only decentralized systems can stand the test of time.
These problems can be only solved by adhering to governance systems that do not rely on a central point of failure. Just like distributed networks and the consensus protocol itself, we believe that only truly decentralized projects can survive in the long run.
Ethereum Classic manifests these values by relinquishing control by a formalized central foundation. The only hierarchy is that of transparent meritocracy and mutual reputation. No backroom deals or behind-closed-doors unilateral decision making; just free and open discourse". |
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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. but this is wrong not the etherum blockchain alowed the hack it was a third party the dao which had the bug and alowed the draining but the ethereum devs and foundation decided to step in and bailout those who trusted tual and co. so ethereum eth fork lost its immutablety Ethereum works perfectly. Up until the fork and the “white” hat hack, the Foundation had done no wrong. Slock.it screwed up. They wrote bad code. The tech was experimental. They allowed too much money to flow in to the Dao. It should have been caped. Anyhow, someone found a weakness and exploited it. We don't know who, but it had to be someone who knew their way around this very newly made programming language. But the foundation would not let slockit fail. No, just like when governments bailed out the "to big to fail" banks for over selling sub-prime loans and mortgages. It's called cronyism. I invested in eth but not in the Dao. I thought the Dao was high risk and I didn't want to be exposed to that much risk so I didn't invest. I invested in an immutable block-chain and all I got was a database. Ethereum welsh on the deal. Shame on you Ethereum Foundation. |
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Yes we know. I'm so glad that we have our own geth. Those eth devs leave holes all over the place. Yes, such a shame. People renting hashpower and using it to attack blockchains. You would need ~350GH/s to 51% ETC. Thank God there is't that amount of hashpower on the open market avalible to rent. With respect to "code is law" taken from Ethereum Classic website https://ethereumclassic.github.io/
Transaction FinalityWe believe the core value proposition of any blockchain is immutability; valid transactions can never be erased or forgotten. Individuals interacting on Ethereum Classic are governed by this reality; Code is Law. This does not necessarily mean that code replaces existing laws, or that only code is law (there are many geographical jurisdictions), but it gives users the opportunity to enter into a new blockchain-based jurisdiction where agreements are governed by code. By entering into contracts on Ethereum Classic, you can be certain that the network remains neutral. The outcome of transactions will be dictated by code you voluntarily interact with. Unless explicitly defined by the contract code, there are no reversals, no undos, no opt-outs.
Transactions are final; applications are unstoppable. |
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I don't think it is a box... That is just an image of what you may have. I have a small storage server with 8 drive slots that i will use. But a caddy with a hard drive in it would work ok. Minebox is software (Dapp). It means you can rent out space or buy space that is decentralized and immutable.
Ah, I really thought they were going to sell hardware too, you know, an integrated thing with no need of any computer, just type in your wifi router PW, or connect an ethernet cable, configure the contract, and off you go. Maybe the Chinese Ethereum Classic cell will come up with somthing to ship worldwide. |
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etc stands still in between .0022 to .0025. many other coins are getting too many attraction. etc is not doing that bad but not good either. my daily trading is stopped as no btc to invest elsewhere
Traders dread stability |
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I don't think it is a box... That is just an image of what you may have. I have a small storage server with 8 drive slots that i will use. But a caddy with a hard drive in it would work ok. Minebox is software (Dapp). It means you can rent out space or buy space that is decentralized and immutable. Immutability (t) is important to some people for,... copyright, legal stuff, building games, storing keys, possibility are endless. Aircraft black boxes could update to the network every ~13sec. Then you wouldn't have to go looking for the box after a crash. Crash data would be on the blockchain.
Remember you were told that ethereum was different because not only can you store monetary value, but you can run software, store software, store anything you want and send it to people.... Well this is how. This is where it will live, all choped up over different peoples HHD on a network of nodes via Minebox software (Dapp).
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Is minebox a hardware solution? I got the impression that it is. Who would use and by something like that for personal use? Most of us are happy with our current cloud storage solutions. How can minebox convince us to use their product?
I am not optimistic with this idea for personal use. But maybe it could be useful for companies and enterprises.
Is this something like freenet for money ? Minebox Dapp.... Decenteralized Storage of intellectual property? The storage is tide to the blockchain and timestamped. So you can store software, music, video, books, photos you have made prior to publishing, thus giving you a form of copywrite and proof of ownership, like proof it was your idea first? Moreover, you can turn all your old HHDs in to mining hardware. You offer your spare storage space up to the network and get paid ETC or fiat. No new hardware other than to get yourself some caddies to house all those old harddrives you have kicking around, hook them up to your PC and run the Minebox software to link you to the Ethereum Classic Blockchain and wait for the coin to roll in? Peer to Peer storage so your files are encrypted and distributed over nodes/HHD hosts in the network. Sounds like a good backup plan! Is this something similar to Siacoin or Storj? How is Minebox better than the two already mentioned and what makes it different? So you are trying to trick me right? IMMUTABILIY silly! It's classic. |
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All off crypto! Buy GOLD, & just wait until world governments use EMP (Electromagnetic pulse) Weaponry to take down crypto   Weapons have been developed to create the damaging effects of high-energy EMP. These are typically divided into nuclear and non-nuclear devices. EMP interference is generally disruptive or damaging to all electronic equipment. So remember to do those paper wallet backups |
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“I had the pleasure of learning about minebox with the team in Vienna. I told them I wanted to be their first customer;
this is a phenomenal solution for decentralizing all the things” Erik Voorhees CEO of Shapshift quoted from website https://minebox.io/
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Is minebox a hardware solution? I got the impression that it is. Who would use and by something like that for personal use? Most of us are happy with our current cloud storage solutions. How can minebox convince us to use their product?
I am not optimistic with this idea for personal use. But maybe it could be useful for companies and enterprises.
Is this something like freenet for money ? Minebox Dapp.... Decenteralized Storage of intellectual property? The storage is tide to the blockchain and timestamped. So you can store software, music, video, books, photos you have made prior to publishing, thus giving you a form of copywrite and proof of ownership, like proof it was your idea first? Moreover, you can turn all your old HHDs in to mining hardware. You offer your spare storage space up to the network and get paid ETC or fiat. No new hardware other than to get yourself some caddies to house all those old harddrives you have kicking around, hook them up to your PC and run the Minebox software to link you to the Ethereum Classic Blockchain and wait for the coin to roll in? Peer to Peer storage so your files are encrypted and distributed over nodes/HHD hosts in the network. Sounds like a good backup plan! |
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I was thinking the other way around. Fiat will fail and the only exchanges that will survive are ones like shapshift.io
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They both suck and suffer from the Smart Contract vulnerabilties, so both will die in the end if nothing is done to remedy to the problem.
amen. And today ETC's price going up on poloniex market, i think it is signal of a live for ETC after for long time ETC was dead and it is my chance making stock them. And i hope i can get profit. They have a new dapp so i think you will profit. That's a good news, hoping to see more ETC Dapp's in the future. |
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