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Author Topic: [ANN][slock.it][Company] IoT meets blockchain - A TheDAO proposal  (Read 66142 times)
bitbitch
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June 22, 2016, 06:53:50 AM
 #781

is this the very definition of a crypto SCAM?
Wesiematic
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June 23, 2016, 09:55:50 AM
 #782

How people still trade DAO shit when it's proven failure?!  They should remove from exchanges!!  As usual big whales and those with btc will just keep playing the charts with just another shit coin.
 

A failure? The ETH Dev team is working overtime, making sure they can make a purse out of this sow's ear. Now they are engaging in white hat attacks. If all else fails, they'll just use proof of Vitalik and fork the shit. They'll cook the books, and make sure the blockchain has only the entries they want.  I'm sure when all is said and done, the insiders will prevail and make huge profits.

I sold all, finished with this fishy drama, but yes i think the insiders will make a huge load of profits, no matter what happens.

there is always a light at the end of the tunnel...
Ethertrader1
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June 23, 2016, 10:19:16 AM
 #783

I would recommend to stay 100% away from anything Ethereum based for the next weeks. Let the dust settle.
Evil-Knievel
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June 23, 2016, 11:56:31 AM
 #784

What do you learn from this? Never skip a beta-testing phase just and rush things just to be "the first on the market".
Being the second one is just as fine ... when the software just works and is flawless.
bitcoinuserz
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June 23, 2016, 12:39:27 PM
 #785

I think stock it team was running the frontier and shit just came to their face. I mean, shit happens just got to do better next time.  Cheesy But I didn't buy DAO. Only after the crash lol

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Professional Korean translator.
szuwi
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June 23, 2016, 02:41:33 PM
 #786

all dao contracts will be frozen by soft fork, no eth can be stolen, dao is undervalued 50%, funx will be returned it is a matter of weeks.
dbt1033
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June 23, 2016, 02:55:54 PM
 #787

New video from DAO attacker.  https://www.youtube.com/watch?v=_O5fdMFKEC0

I encourage everyone to watch this.  Shit's about to get real.
TrueAnon
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June 23, 2016, 03:19:13 PM
 #788

New video from DAO attacker.  https://www.youtube.com/watch?v=_O5fdMFKEC0

I encourage everyone to watch this.  Shit's about to get real.

Sorry but all confidence in DAO is out the window now.  You think the public let alone crypto-ppl or businesses would bother taking this shit seriously??? lmao yeah right not a chance.  This will only impact ETH more negatively as well!!!

People need to wake up from this garbage already!  It's all manipulation BTC as it is anyways.
PaidFudder
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June 24, 2016, 01:34:49 PM
 #789

if all DAO holder get their ETH back ... shouldnt the price be around 20k like the DAO ico price ?
at least when its certain that this will happen ?

_Victory_
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June 24, 2016, 02:02:03 PM
 #790

How people still trade DAO shit when it's proven failure?!  They should remove from exchanges!!  As usual big whales and those with btc will just keep playing the charts with just another shit coin.

Playing the charts "with just another shit coin" is the entire crypto business model.
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June 24, 2016, 02:23:55 PM
 #791

With so much intervention by soft-forks and censorship, I personally think we are not far away from "The O"  Grin

m4nki
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June 24, 2016, 02:24:58 PM
 #792

New video from DAO attacker.  https://www.youtube.com/watch?v=_O5fdMFKEC0

I encourage everyone to watch this.  Shit's about to get real.

Yes, this is indeed a must watch!

Kostolany, Jr.
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June 24, 2016, 05:59:08 PM
 #793

it is fracking awesome indeed!  Grin
even better than the Fuhrer one:
https://www.youtube.com/watch?v=Wu638L-iVt8

New video from DAO attacker.  https://www.youtube.com/watch?v=_O5fdMFKEC0

I encourage everyone to watch this.  Shit's about to get real.

Yes, this is indeed a must watch!

„While buying one should be romantic, while selling realistic (and in the meantime he should sleep).“
– André Kostolany
oneyesoneno
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June 26, 2016, 02:17:27 AM
 #794

it is fracking awesome indeed!  Grin
even better than the Fuhrer one:
https://www.youtube.com/watch?v=Wu638L-iVt8

New video from DAO attacker.  https://www.youtube.com/watch?v=_O5fdMFKEC0

I encourage everyone to watch this.  Shit's about to get real.

Yes, this is indeed a must watch!

It is good if the hacker is that smart... but i doubt it.
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June 26, 2016, 11:20:50 AM
 #795

What is planned now with the slock.it company?

there is always a light at the end of the tunnel...
mtnsaa
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June 26, 2016, 09:16:04 PM
 #796

What is planned now with the slock.it company?

Lol, what do you think? These guys tried to sell some sort of "secure lock virtual flying decentralized machine" and their experiment of 250M got hacked...
ttookk
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June 26, 2016, 09:59:08 PM
 #797

What is planned now with the slock.it company?

Lol, what do you think? These guys tried to sell some sort of "secure lock virtual flying decentralized machine" and their experiment of 250M got hacked...

…and then what? I am not in favour of these guys, in fact I am very much the opposite (especially Stephan Tuals pompous manners. I am not sure whether I ever disliked someone I haven't met in person that fast and that much. And blaming the guy who almost found the exploit for not reporting it – cheap shot), but you can argue that these guys have learned now to be diligent. Maybe I wouldn't trust them with 150 million worth of ETH again, but if they continue their project, I'd watch it closely.

Additionally to themselves and people they hired, you'll have A LOT of eyes watching this project, checking every nook an cranny for flaws.


Is there any statemnt from the slock.it guys on how they plan to proceed?
_Victory_
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June 26, 2016, 11:07:00 PM
 #798

What is planned now with the slock.it company?

Lol, what do you think? These guys tried to sell some sort of "secure lock virtual flying decentralized machine" and their experiment of 250M got hacked...

…and then what? I am not in favour of these guys, in fact I am very much the opposite (especially Stephan Tuals pompous manners. I am not sure whether I ever disliked someone I haven't met in person that fast and that much. And blaming the guy who almost found the exploit for not reporting it – cheap shot), but you can argue that these guys have learned now to be diligent. Maybe I wouldn't trust them with 150 million worth of ETH again, but if they continue their project, I'd watch it closely.

Additionally to themselves and people they hired, you'll have A LOT of eyes watching this project, checking every nook an cranny for flaws.


Is there any statemnt from the slock.it guys on how they plan to proceed?


I was thinking the same thing so I checked their site and blog.
They say nothing.

I would guess that after the dao situation gets resolved, they will let everyone know what is next for them.
mtnsaa
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June 27, 2016, 12:06:14 AM
Last edit: June 27, 2016, 04:01:53 PM by mtnsaa
 #799

What is planned now with the slock.it company?

Lol, what do you think? These guys tried to sell some sort of "secure lock virtual flying decentralized machine" and their experiment of 250M got hacked...

…and then what? I am not in favour of these guys, in fact I am very much the opposite (especially Stephan Tuals pompous manners. I am not sure whether I ever disliked someone I haven't met in person that fast and that much. And blaming the guy who almost found the exploit for not reporting it – cheap shot), but you can argue that these guys have learned now to be diligent. Maybe I wouldn't trust them with 150 million worth of ETH again, but if they continue their project, I'd watch it closely.

Additionally to themselves and people they hired, you'll have A LOT of eyes watching this project, checking every nook an cranny for flaws.


Is there any statemnt from the slock.it guys on how they plan to proceed?

I've lost faith completely in smart contracts and Ethereum, the whole situation is ridiculous and I'm very much inclined to think it was an inside job, perhaps from a former dev if you are not into the crazy conspiracy stuff. The whole thing is just years ahead from working in the real world. Airbnb and Uber are great, if you want to use a lock you can buy one on Amazon and use a password, doesn't get much easier than that. Complete decentralization is ridiculous, is something that will never catch on unless it's controlled/centralized at some point. Apple and Google can be decentralized and have multiple nodes and branches all over the world and enjoy the same security benefits. Many of these companies probably will use one global blockchain that THEY will be able to control, just like Ethereum did with the DAO. I'm sure as hell they won't be using no Bitcoin, Ethereum, Lisk or whatever cryptoanarcho weirdos think it's cool. Yes Microsoft, Samsung, whatever, are interested, they take a peek and promote some conferences over the world, then they hire the best who can actually help them with their problems.

If the slock.it guys were so revolutionary they would be already fully backed by VC. All these projects are out to get your BTC/Fiat sooner or later, you can still make money but don't ever lose sight of that. You can have a decentralized project without any bs coins and tokens based on BTC, if it works you start charging companies and offer entreprise plans, like Dropbox and many others did.
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June 27, 2016, 02:48:13 AM
 #800

What is planned now with the slock.it company?

Lol, what do you think? These guys tried to sell some sort of "secure lock virtual flying decentralized machine" and their experiment of 250M got hacked...

…and then what? I am not in favour of these guys, in fact I am very much the opposite (especially Stephan Tuals pompous manners. I am not sure whether I ever disliked someone I haven't met in person that fast and that much. And blaming the guy who almost found the exploit for not reporting it – cheap shot), but you can argue that these guys have learned now to be diligent. Maybe I wouldn't trust them with 150 million worth of ETH again, but if they continue their project, I'd watch it closely.

Additionally to themselves and people they hired, you'll have A LOT of eyes watching this project, checking every nook an cranny for flaws.


Is there any statemnt from the slock.it guys on how they plan to proceed?

I've lost faith completely in smart contracts and Ethereum, the whole situation is ridiculous and I'm very much inclined to think it was an inside job, perhaps from a former dev if you are not into the crazy conspiracy stuff. The whole thing is just years ahead from working in the real world. Airbnb and Uber are great, if you want to use a lock you can buy one on Amazon and use a password, doesn't get much easier than that. Complete decentralization is ridiculous, is something that will never catch on unless it's controlled/centralized at some point. Apple and Google can be decentralized and have multiple nodes and branches all over the world and enjoy the same security benefits. Many of these companies probably will use one global blockchain that THEY will be able to control, just like Ethereum did with the DAO. I'm sure as hell they won't be using no Bitcoin, Ethereum, Lisk or whatever cryptoanarcho weirdos think it's cool. Yes Microsoft, Samsung, whatever, are interested, they take a peek and promote some conferences over the world, then they hire the best who can actually help them with their problems.

If the slock.it guys were so revolutionary they would be already full backed by VC. All these projects are out to get your BTC/Fiat sooner or later, you can still make money but don't ever lose sight of that. You can have a decentralized project without any bs coins and tokens based on BTC, if it works you start charging companies and offer entreprise plans, like Dropbox and many others did.

mtnsaa - i pretty much have come to the same conclusion as you re. your comments above.

please come check out WBB coin when you have time and speak to the dev re. any questions you may have. Smiley - this one WON'T LET you down! Smiley Wink

$ADK ~ watch & learn...
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