Simple questions about Ethereum nobody can answer !!!

[themasknetwork]

On ethereum.org website the team states "build unstoppable applications". But right now :

1. Any ethereum contract can be shut down by owner by sending a kill signal.

2. Any ethereum contract can be updated by owner that can change rules over night.

Simple unanswered question :

How can an ethereum application be called decentralized and unstoppable if the owner has full control over it ?

It's not a technical difficult question but nobody can answer me. For DAPPs holding customer funds points 1 and 2 spells disaster.

[Marc De Mesel]

Is that so?

Oh my 

[vlom]

On ethereum.org website the team states "build unstoppable applications". But right now :

1. Any ethereum contract can be shut down by owner by sending a kill signal.

2. Any ethereum contract can be updated by owner that can change rules over night.

Simple unanswered question :

How can an ethereum application be called decentralized and unstoppable if the owner has full control over it ?

It's not a technical difficult question but nobody can answer me. For DAPPs holding customer funds points 1 and 2 spells disaster.

yes. it is possible that the owner can control everything. you have to read and understand the code. and you will know if it is possible or not.

https://ethereum.org/token

CENTRALIZED ADMINISTRATOR
All dapps are fully decentralized by default, but that doesn't mean they can't have some sort of central manager, if you want them to. Maybe you want the ability to mint more coins, maybe you want to ban some people from using your currency. You can add any of those features, but the catch is that you can only add them at the beginning, so all the token holders will always know exactly the rules of the game before they decide to own one.

[densuj]

I think those are big bug of ethereum. Let's wait clarification from the devs if they are still  stay in here  

[Minecache]

On ethereum.org website the team states "build unstoppable applications". But right now :

1. Any ethereum contract can be shut down by owner by sending a kill signal.

2. Any ethereum contract can be updated by owner that can change rules over night.

Simple unanswered question :

How can an ethereum application be called decentralized and unstoppable if the owner has full control over it ?

It's not a technical difficult question but nobody can answer me. For DAPPs holding customer funds points 1 and 2 spells disaster.

yes. it is possible that the owner can control everything. you have to read and understand the code. and you will know if it is possible or not.

https://ethereum.org/token

CENTRALIZED ADMINISTRATOR
All dapps are fully decentralized by default, but that doesn't mean they can't have some sort of central manager, if you want them to. Maybe you want the ability to mint more coins, maybe you want to ban some people from using your currency. You can add any of those features, but the catch is that you can only add them at the beginning, so all the token holders will always know exactly the rules of the game before they decide to own one.

So you can add a central manager if you want to or not but it can only be specified from the outset. So anyone can read the code and discover if there's one or not. Seems reasonable enough. Not sure what the OPs amature dramatics are all about.

[vlom]

I think those are big bug of ethereum. Let's wait clarification from the devs if they are still  stay in here  

here i can't see a bug.

elsewhere there could be a lot of bugs. but this was not the questions.

btw: where is TPTB_need_war? He/She always talks about ETH-tech.

[vlom]

@Minecache:
you advertise a contract in your sig.

thats the code:
https://etherchain.org/account/0x7fd6d3537b39842cfe16e813851296d4745b51a7#code

is this a fully decentralized or not?

i do not want to read the code. so please tell us?

[Apollo13]

On ethereum.org website the team states "build unstoppable applications". But right now :

1. Any ethereum contract can be shut down by owner by sending a kill signal.

2. Any ethereum contract can be updated by owner that can change rules over night.

Simple unanswered question :

How can an ethereum application be called decentralized and unstoppable if the owner has full control over it ?

It's not a technical difficult question but nobody can answer me. For DAPPs holding customer funds points 1 and 2 spells disaster.

yes. it is possible that the owner can control everything. you have to read and understand the code. and you will know if it is possible or not.

https://ethereum.org/token

CENTRALIZED ADMINISTRATOR
All dapps are fully decentralized by default, but that doesn't mean they can't have some sort of central manager, if you want them to. Maybe you want the ability to mint more coins, maybe you want to ban some people from using your currency. You can add any of those features, but the catch is that you can only add them at the beginning, so all the token holders will always know exactly the rules of the game before they decide to own one.

So you can add a central manager if you want to or not but it can only be specified from the outset. So anyone can read the code and discover if there's one or not. Seems reasonable enough. Not sure what the OPs amature dramatics are all about.

I see that as a potential problem. How are those of us that cant read code supposed to find out?

[vlom]

I see that as a potential problem. How are those of us that cant read code supposed to find out?

you are using a computer. and you are using an OS and a browser.
did you read the code of the SW you are using?

nevertheless you use it.
why?

[Apollo13]

I see that as a potential problem. How are those of us that cant read code supposed to find out?

you are using a computer. and you are using an OS and a browser.
did you read the code of the SW you are using?

nevertheless you use it.
why?

I am also not using win10 or facebook because of privacy issues.
Both of those are so big that it makes headlines. Apps on the other hand can probably fly under the radar for a long time. This is after all a niche (for now anyway)

[rimbit]

I see that as a potential problem. How are those of us that cant read code supposed to find out?

you are using a computer. and you are using an OS and a browser.
did you read the code of the SW you are using?

nevertheless you use it.
why?

That would have to be one of the best analogies I have heard in a long time.. Kudos!

[CIYAM]

Just to point out that AT was launched over a year ago (it does smart contracts but it does them smarter and simpler - http://ciyam.org/at).

The AT model doesn't allow changes to be made "to the contract" but there are functions that differentiate between the "contract creator" and others (as that is sometimes desirable).

There are reasons why you would want a smart contract to differentiate between its "creator" and another user.

[shyliar]

I see that as a potential problem. How are those of us that cant read code supposed to find out?

you are using a computer. and you are using an OS and a browser.
did you read the code of the SW you are using?

nevertheless you use it.
why?

Huge difference between entering into a contract (for an example if it involved 100k US) where the code (and therefore contract) can be changed and using a browser. Frankly they are not even remotely comparable.

[vlom]

I see that as a potential problem. How are those of us that cant read code supposed to find out?

you are using a computer. and you are using an OS and a browser.
did you read the code of the SW you are using?

nevertheless you use it.
why?

Huge difference between entering into a contract (for an example if it involved 100k US) where the code (and therefore contract) can be changed and using a browser. Frankly they are not even remotely comparable.

100k $ in btc? in your wallet?

if you can't understand code then you have to trust somebody.
code of OS.
code of the btc wallet.
code of contract.

[shyliar]

I see that as a potential problem. How are those of us that cant read code supposed to find out?

you are using a computer. and you are using an OS and a browser.
did you read the code of the SW you are using?

nevertheless you use it.
why?

Huge difference between entering into a contract (for an example if it involved 100k US) where the code (and therefore contract) can be changed and using a browser. Frankly they are not even remotely comparable.

100k $ in btc? in your wallet?

if you can't understand code then you have to trust somebody.
code of OS.
code of the btc wallet.
code of contract.

To change bitcoin code requires consensus. According to the OP:

1. Any ethereum contract can be shut down by owner by sending a kill signal.

2. Any ethereum contract can be updated by owner that can change rules over night.

If true comparing bitcoin code is not relevant.

[Come-from-Beyond]

btw: where is TPTB_need_war? He/She always talks about ETH-tech.

He was begging for ban few days ago, maybe the heaven has heard his words.

[Gyrsur]

my impression: it is partly designed with no use case in mind or too many devs added fancy "features". ("it's a feature not a bug!" --> M$)

[nickenburg]

How can an ethereum application be called decentralized and unstoppable if the owner has full control over it ?

Well because normally, a Website or app, would be on a server somewhere on the planet, but because it is just on centralized server, it is really easy to attack.
And with Ethereum there is no centralized attack point so it is always decentralized.
And the owner only Writes the code and then uploads it to the Ethereum network, he can't change anything after, when he supplies the code it is final.
The owner would need to write the self destruction in the code already, when he does that people will find out and warn others.

[densuj]

I think those are big bug of ethereum. Let's wait clarification from the devs if they are still  stay in here  

here i can't see a bug.

elsewhere there could be a lot of bugs. but this was not the questions.

btw: where is TPTB_need_war? He/She always talks about ETH-tech.

Ok thanks for the info

[Spoetnik]

Is that so?

Oh my 

Oh dear 

This really is bad news indeed !
Good point OP.