How could it be?

[popo0709]

According to news "300$ million worth of crypto currencies permanently lost due to bug"
What is you opinion about it?

https://amp.theguardian.com/technology/2017/nov/08/cryptocurrency-300m-dollars-stolen-bug-ether

[AngelDeveloper]

That's what happens when smart contracts are insecure.

[Lm2e4]

According to news "300$ million worth of crypto currencies permanently lost due to bug"
What is you opinion about it?

https://amp.theguardian.com/technology/2017/nov/08/cryptocurrency-300m-dollars-stolen-bug-ether

Is this really a fact? So many fake news now are spreading on internet nowadays. But if this is true I guess that it will take effect on ethereum price. But I hope it doesn't! it's now being second of the most valuable cryptocurrency so I hope it won't happened again, I really hated hackers!

[nexus2k14]

According to news "300$ million worth of crypto currencies permanently lost due to bug"
What is you opinion about it?

https://amp.theguardian.com/technology/2017/nov/08/cryptocurrency-300m-dollars-stolen-bug-ether

Is this really a fact? So many fake news now are spreading on internet nowadays. But if this is true I guess that it will take effect on ethereum price. But I hope it doesn't! it's now being second of the most valuable cryptocurrency so I hope it won't happened again, I really hated hackers!

This can be true, I am not sure about value 300$ Million - but I read about Parity dev. that accidentally mess with multi-signature wallets and locked funds. Funds are frozen for now until the solution is found to fix this problem.

I think this Dev. will also be demoted, and work for parity without access wallets and blockchain for sure.

http://www.zdnet.com/article/ethereum-user-accidentally-exploits-major-vulnerability-locks-wallets

[FluffyWallaby]

It's sad that these news will have a general negative impact on the picture of blockchain technology, bitcoin and ethereum, when it is really just a mistake in the correct handling of these and not the technology itself.

[DrYM]

These are the growing pains of the technology, a necessary evil in order for it to succeed. In many way, we are the first beta testers of this new way of thinking about currencies. When beta testing, one is bound to find bugs... When those will be ironed out, it will be better prepared for mass adoption.

[swscowods]

That's what happens when smart contracts are insecure.

You are right the insecurity is the root cause of it but now the bitcoin has become very secure and almost all the wallets are being checked by the user before investing the bitcoin. now the bitcoin is being use and the investment of the bitcoin is the best way for the profit I know how the bitcoin is getting famous as it is giving all the people a chance to make your financial status better now.

[kqyyzmlc]

It's just that there's no term that's frozen, it's not permanent.But the amount of code in a smart contract is large, and it's really easy to BUG, especially the fatal bugs.In addition, this is not the responsibility of ETH, it is the problem of wallet.
Bitcoin is really safe, and I think it would be better if it could solve the problem of overmoney