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Author Topic: [ANN][LSK] Lisk | Blockchain Application Platform for JavaScript Developers  (Read 3073026 times)
compmaster
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June 18, 2016, 12:52:38 AM
 #26721

Is the DAO and Ethereums failure going to help LISK grow in popularity?
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hugabase
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June 18, 2016, 12:56:40 AM
 #26722

HARD dump from the bag holder.
First : Because BTC price rise
Second : Because ETH dev need more money to travelling in QUBEC then gone   Grin
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June 18, 2016, 01:00:37 AM
 #26723

HARD dump from the bag holder.
First : Because BTC price rise
Second : Because ETH dev need more money to travelling in QUBEC then gone   Grin

Translation= my short is getting rekt please let me shove my BS down your throat while I fuck ur bank account at the same time
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June 18, 2016, 01:02:02 AM
 #26724

HARD dump from the bag holder.
First : Because BTC price rise
Second : Because ETH dev need more money to travelling in QUBEC then gone   Grin

Translation= my short is getting rekt please let me shove my BS down your throat while I fuck ur bank account at the same time

I don't CARE...!!!!!
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June 18, 2016, 02:25:50 AM
 #26725

Great things coming for this coin. Bring on the FUD.
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June 18, 2016, 02:48:29 AM
 #26726

What's all the hubbub about?
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June 18, 2016, 02:50:58 AM
 #26727

What's all the hubbub about?

http://www.hotnewhiphop.com/usher-no-limit-feat-young-thug-new-song.1970129.html
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June 18, 2016, 02:55:01 AM
 #26728

Not directly related to Lisk but a very(!) interesting article about the DAO-hack and Ethereum in general (also listing some weaknesses of ETH):

Thoughts on The DAO Hack

(...)

Is Ethereum/Solidity Suitable for Secure Smart Contracts?
It's clear that writing a robust, secure smart contract requires extreme amounts of diligence. It's more similar to writing code for a nuclear power reactor, than to writing loose web code.

Yet the current Solidity language and underlying EVM seems designed more for the latter. Some misfeatures are:

A good language for writing state machines would ensure that there are no states from which it is impossible to recover.
A good language for writing state machines would make it painfully clear when state transitions can and cannot happen.
A good language for maintaining state machines would provide features for upgrading the security of a live contract.
A good language for writing secure code would make it clear that there are no implicit actions, that code executes plainly, as read.
The current language does not fulfill any of these commandments, and in fact, the last one, involving implicit recursive calls, is what did The Dao in.

The SlockIt team even had the designer and implementor of Solidity perform a review of their code. If he cannot get something like The DAO to be secure, no one can.

A re-think seems called for.

(...)

http://hackingdistributed.com/2016/06/17/thoughts-on-the-dao-hack/





Edit: Another major issue is this:


(...)

The only reason the proposal exists at all is because the Ethereum developers have personally invested in the DAO, multiple posters have argued.

The conflict threatens to bring down the credibility of the entire currency. Not only was it possible to hack the system and move millions of dollars worth out of one of the currency's main backers – raising questions of its technical competence – but the developers have proposed intervening potentially for their own financial gain in the inner workings of the entire system – raising political questions over how it is run.

http://m.theregister.co.uk/2016/06/17/digital_currency_ethereum/
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June 18, 2016, 03:09:07 AM
 #26729

Former ETH and DAO investors could enter a Lisk harbour, if there wouid be working DAPP functionality. Roll Eyes

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June 18, 2016, 03:12:37 AM
 #26730

Not directly related to Lisk but a very(!) interesting article about the DAO-hack and Ethereum in general (also listing some weaknesses of ETH):

Thoughts on The DAO Hack

(...)

Is Ethereum/Solidity Suitable for Secure Smart Contracts?
It's clear that writing a robust, secure smart contract requires extreme amounts of diligence. It's more similar to writing code for a nuclear power reactor, than to writing loose web code.

Yet the current Solidity language and underlying EVM seems designed more for the latter. Some misfeatures are:

A good language for writing state machines would ensure that there are no states from which it is impossible to recover.
A good language for writing state machines would make it painfully clear when state transitions can and cannot happen.
A good language for maintaining state machines would provide features for upgrading the security of a live contract.
A good language for writing secure code would make it clear that there are no implicit actions, that code executes plainly, as read.
The current language does not fulfill any of these commandments, and in fact, the last one, involving implicit recursive calls, is what did The Dao in.

The SlockIt team even had the designer and implementor of Solidity perform a review of their code. If he cannot get something like The DAO to be secure, no one can.

A re-think seems called for.

(...)

http://hackingdistributed.com/2016/06/17/thoughts-on-the-dao-hack/





Edit: Another major issue is this:


(...)

The only reason the proposal exists at all is because the Ethereum developers have personally invested in the DAO, multiple posters have argued.

The conflict threatens to bring down the credibility of the entire currency. Not only was it possible to hack the system and move millions of dollars worth out of one of the currency's main backers – raising questions of its technical competence – but the developers have proposed intervening potentially for their own financial gain in the inner workings of the entire system – raising political questions over how it is run.

http://m.theregister.co.uk/2016/06/17/digital_currency_ethereum/

Stephan Tual is the founder and developer for The DAO and also is ETH CTO, Stephan Tual actually the face of Eth during ICO period, not Vitalik. People quick to forget something so fast or they're chose to ignored it.
So, Eth/Dao or Dao/Eth, it run almost by the same team, incompetent coder team.
ETH smart contracts is bug-ridden and people could still find Mist bug in almost everyday then we have the scalability issue. This Eth/Dao team is a joke
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June 18, 2016, 03:21:26 AM
 #26731

Not directly related to Lisk but a very(!) interesting article about the DAO-hack and Ethereum in general (also listing some weaknesses of ETH):

Thoughts on The DAO Hack

http://hackingdistributed.com/2016/06/17/thoughts-on-the-dao-hack/


I didn't see that coming. I'm sure we'll see trust lost across the crypto world for awhile as a ripple effect.

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June 18, 2016, 03:30:56 AM
 #26732

Not directly related to Lisk but a very(!) interesting article about the DAO-hack and Ethereum in general (also listing some weaknesses of ETH):

Thoughts on The DAO Hack

http://hackingdistributed.com/2016/06/17/thoughts-on-the-dao-hack/


I didn't see that coming. I'm sure we'll see trust lost across the crypto world for awhile as a ripple effect.

No, I don't believe it will have a "losing-trust-effect" on Crypto in general. It's to 100% a problem of Ethereums design and the DAO-smart-contract. There will be a lot to learn for Ethereum and a lot of other projects but real bad impact it will only have on Ethereum. The reason is that it seems as if there is no good solution, only the choice between two or three bad ways.
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June 18, 2016, 03:35:27 AM
 #26733

Lisk should be benefiting from the recent ETH/DAO turmoil; what gives?

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June 18, 2016, 03:36:52 AM
 #26734

Lisk should be benefiting from the recent ETH/DAO turmoil; what gives?

Did you sell your ETH and buy LSK with the proceeds? No? Then nobody else did either.
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June 18, 2016, 03:41:34 AM
 #26735

Why Lisk / Javascript / Sidechains will win over Ethereum in the end:

http://hackingdistributed.com/2016/06/17/thoughts-on-the-dao-hack/


"Is Ethereum/Solidity Suitable for Secure Smart Contracts?

(tl;dr: No.)

It's clear that writing a robust, secure smart contract requires extreme amounts of diligence. It's more similar to writing code for a nuclear power reactor, than to writing loose web code.

Yet the current Solidity language and underlying EVM seems designed more for the latter. Some misfeatures are:

A good language for writing state machines would ensure that there are no states from which it is impossible to recover.
A good language for writing state machines would make it painfully clear when state transitions can and cannot happen.
A good language for maintaining state machines would provide features for upgrading the security of a live contract.
A good language for writing secure code would make it clear that there are no implicit actions, that code executes plainly, as read.

The current language does not fulfill any of these commandments, and in fact, the last one, involving implicit recursive calls, is what did The Dao in.


The SlockIt team even had the designer and implementor of Solidity perform a review of their code. If he cannot get something like The DAO to be secure, no one can.
"
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June 18, 2016, 03:57:55 AM
 #26736

Lisk should be benefiting from the recent ETH/DAO turmoil; what gives?

WAVES  Grin

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June 18, 2016, 04:00:04 AM
 #26737

Lisk should be benefiting from the recent ETH/DAO turmoil; what gives?

Nah i dont think so , the recent turmoil has been over and partial funds are secured , moreover this recent turmoil made headlines and acted as publicity of Dao and i think they reached much to new investors and will be profited many folds than the loss that made during the glitch.

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June 18, 2016, 04:10:27 AM
 #26738

Meanwhile on Ether's planet http://pastebin.com/aMKwQcHR
 Grin Grin Grin Grin

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June 18, 2016, 04:50:21 AM
 #26739

Lisk should be benefiting from the recent ETH/DAO turmoil; what gives?

Nah i dont think so , the recent turmoil has been over and partial funds are secured , moreover this recent turmoil made headlines and acted as publicity of Dao and i think they reached much to new investors and will be profited many folds than the loss that made during the glitch.

You don't seem to understand what happened. DAO is done. It will be shut down. Available ETH-Funds will flow back to DAO-holders.

Conclusion:

1. It's not a question if DAO is done. It's a fact.
2. It's not a question if all the ETH will reach the market. It's just a question of time and we don't speak about years.

And when it comes to "solutions": There are options on the table that will most likely hurt Ethereums integrity in some ways. It looks as if they see the money as priority which is already a proof of mistake by design. What I mean with that is: A 150 Mio Dollar Smart Contract in such an early stage on a platform that is obviously not ready for it was more than just stupid. I didn't see the hack coming but in all scenarios the DAO would have been an economical risk for Ethereum. The current situation is kind of a worst-case.

Plus: The question if Lisk will benefit or not shouldn't be answered with a focus on direct money-transfers from Ethereum (or DAO) into Lisk now. It's more about the bigger picture and a larger time-frame. If Lisk can establish itself as a professional and trusted platform while Ethereum definitely will lose a lot of trust (ongoing dynamic), Lisk will benefit. Not necessarily because many will sell there Ethereum to buy into Lisk (which is also possible) but a lot of money won't even go into Ethereum anymore but in other projects instead. And Lisk can be one of the top-players in this game.
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June 18, 2016, 05:22:01 AM
 #26740

People still buying DAO, .......  Shocked
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