[ANN][LSK] Lisk | Blockchain Application Platform for JavaScript Developers

[jokumat]

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/

Thank you for sharing. The Lisk thread is becoming better because of posts like yours

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[Mrmoney2]

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.

Good publicity yes hahaha.
That was a good one. HAHAHA

[vlom]

i read this nice summary from Zer0Sum here: https://bitcointalk.org/index.php?topic=1516146.msg15257382#msg15257382

Just like a nuclear reactor, Ethereum is as safe as the quality of it's engineers...
And this is REALLY BAD news for LISK (and other platforms bolting on smart contracts)...
Who are floating the notion that random JS web coders can whip up safe smart contracts.

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

[LiskHQ]

i read this nice summary from Zer0Sum here: https://bitcointalk.org/index.php?topic=1516146.msg15257382#msg15257382

Just like a nuclear reactor, Ethereum is as safe as the quality of it's engineers...
And this is REALLY BAD news for LISK (and other platforms bolting on smart contracts)...
Who are floating the notion that random JS web coders can whip up safe smart contracts.

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

People don't write smart contracts on Lisk in JS. They either develop a blockchain with special transactions (e.g. to send a message), implement a back end function (e.g. to calculate a random number), or connect to/implement directly other services (e.g. to use smart contracts, oracles, storage).


Hello everyone,

It seems like I am currently in a zone of China with faster internet (I am sitting in the train), or I am just lucky. (I need a VPN to access e.g. BTT and it is usually unusable slow.)

I hope everything is fine. In times like these we need to unite and try to help each others. At this stage it is all about cryptocurrencies, blockchains and blockchain/decentralized apps. I wish the best for the Ethereum and TheDAO community.

[zoneout]

i read this nice summary from Zer0Sum here: https://bitcointalk.org/index.php?topic=1516146.msg15257382#msg15257382

Just like a nuclear reactor, Ethereum is as safe as the quality of it's engineers...
And this is REALLY BAD news for LISK (and other platforms bolting on smart contracts)...
Who are floating the notion that random JS web coders can whip up safe smart contracts.

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

People don't write smart contracts on Lisk in JS. They either develop a blockchain with special transactions (e.g. to send a message), implement a back end function (e.g. to calculate a random number), or connect to/implement directly other services (e.g. to use smart contracts, oracles, storage).


Hello everyone,

It seems like I am currently in a zone of China with faster internet (I am sitting in the train), or I am just lucky. (I need a VPN to access e.g. BTT and it is usually unusable slow.)

I hope everything is fine. In times like these we need to unite and try to help each others. At this stage it is all about cryptocurrencies, blockchains and blockchain/decentralized apps. I wish the best for the Ethereum and TheDAO community.

Good words, finding out right now what happened at dao, wish all the best to vitalik

[LiskHQ]

Yes, 301km/h. Cheapest and most convenient method to travel from Shanghai to Beijing in my opinion.

[LitcoinCollector]

Hey Max, what was the date again for the 1 day bonus to be credited?
Thanks

How's the food?

[X1235]

Thoughts on The DAO Hack

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.

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

Implicit recursive calls?! The ETH / DAO authors remind me more and more to the characters from the movie The Gods Must Be Crazy.

[Coinraptor]

Hey Max, what was the date again for the 1 day bonus to be credited?
Thanks

How's the food?

distribution should be from 17th to 19th, this month.

[Lisk-investor]

Why is LSK going down?  Whales want cheap LSK!
Ethereum and the Dao investors will be researching about Lisk over the next few day and will look for an alternative.
Sidechains are the answer!

Lisk is the future!

[martinholly167]

Another hacker attacks at ETH . Now they stole 45 million ETH . That's the end . Transmit !!!!! Because we lose everything

[LitcoinCollector]

Hey Max, what was the date again for the 1 day bonus to be credited?
Thanks

How's the food?

distribution should be from 17th to 19th, this month.

Thanks!

[LitcoinCollector]

Another hacker attacks at ETH . Now they stole 45 million ETH . That's the end . Transmit !!!!! Because we lose everything

source?

[cryptocrap]

Another hacker attacks at ETH . Now they stole 45 million ETH . That's the end . Transmit !!!!! Because we lose everything

source?

ETH to the moon,.

[kpierce77]

Interesting:

===== BEGIN SIGNED MESSAGE =====
To the DAO and the Ethereum community,

I have carefully examined the code of The DAO and decided to participate after finding the feature where splitting is rewarded with additional ether. I have made use of this feature and have rightfully claimed 3,641,694 ether, and would like to thank the DAO for this reward. It is my understanding that the DAO code contains this feature to promote decentralization and encourage the creation of "child DAOs".

I am disappointed by those who are characterizing the use of this intentional feature as "theft". I am making use of this explicitly coded feature as per the smart contract terms and my law firm has advised me that my action is fully compliant with United States criminal and tort law. For reference please review the terms of the DAO:

"The terms of The DAO Creation are set forth in the smart contract code existing on the Ethereum blockchain at 0xbb9bc244d798123fde783fcc1c72d3bb8c189413. Nothing in this explanation of terms or in any other document or communication may modify or add any additional obligations or guarantees beyond those set forth in The DAO’s code. Any and all explanatory terms or descriptions are merely offered for educational purposes and do not supercede or modify the express terms of The DAO’s code set forth on the blockchain; to the extent you believe there to be any conflict or discrepancy between the descriptions offered here and the functionality of The DAO’s code at 0xbb9bc244d798123fde783fcc1c72d3bb8c189413, The DAO’s code controls and sets forth all terms of The DAO Creation."

A soft or hard fork would amount to seizure of my legitimate and rightful ether, claimed legally through the terms of a smart contract. Such fork would permanently and irrevocably ruin all confidence in not only Ethereum but also the in the field of smart contracts and blockchain technology. Many large Ethereum holders will dump their ether, and developers, researchers, and companies will leave Ethereum. Make no mistake: any fork, soft or hard, will further damage Ethereum and destroy its reputation and appeal.

I reserve all rights to take any and all legal action against any accomplices of illegitimate theft, freezing, or seizure of my legitimate ether, and am actively working with my law firm. Those accomplices will be receiving Cease and Desist notices in the mail shortly.

I hope this event becomes an valuable learning experience for the Ethereum community and wish you all the best of luck.

Yours truly,
"The Attacker"
===== END SIGNED MESSAGE =====

Message Hash (Keccak): 0xaf9e302a664122389d17ee0fa4394d0c24c33236143c1f26faed97ebbd017d0e
Signature: 0x5f91152a2382b4acfdbfe8ad3c6c8cde45f73f6147d39b072c81637fe81006061603908f692dc 15a1b6ead217785cf5e07fb496708d129645f3370a28922136a32

[sotisoti]

I thought this is the thread for Lisk

[weryo]

I thought this is the thread for Lisk

Yes!

[X1235]

ETH to the moon,.

Fly ETH, fly!

[rocketBob]

This could be great for Lisk, only thing Max needs to do is point out how safe lisk is and it's a done deal.
Our rocket fuel is practically served to us.
If Max can make something out of this great gift then  I can see Lisk finally going to places.

[kpierce77]

I thought this is the thread for Lisk

Yes!

Dear god people seriously chill out lol I hold Lisk ICO coins so I'm on your side. Just thought it was interesting and wanted to share. ETH is definitely in a bind. Could be good for Lisk.