[2016-05-29]Technology Used By The DAO Contains Critical Flaws

Blawpaw (OP)

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[2016-05-29]Technology Used By The DAO Contains Critical Flaws

May 29, 2016, 08:09:54 PM

Technology Used By The DAO Contains Critical Flaws

One of the main selling points of The DAO has been how people can just trust the technology since there are no individuals in control of the concept. However, as it turns out, this technology may contain some flaws that most people weren’t aware of. All of these vulnerabilities come forth from unintended consequences of the project’s underlying mechanism...

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Karartma1

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Re: [2016-05-29]Technology Used By The DAO Contains Critical Flaws

May 30, 2016, 06:20:20 AM

Very good article. I was looking for something like what it said in there. I noticed that while testing eth with some friends. Yes, at the moment is not at all bulletproof and it can be really bad if implemented, let's say, in some NGO's or similar.

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Some investors may be looking for ways to pull their ETH funds out of the DAO.

I would rephrase: some investors WILL be looking...

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Re: [2016-05-29]Technology Used By The DAO Contains Critical Flaws

June 18, 2016, 03:07:28 PM

Proved.

Our family was terrorized by Homeland Security. Read all about it here: http://www.jmwagner.com/ and http://www.burtw.com/ Any donations to help us recover from the $300,000 in legal fees and forced donations to the Federal Asset Forfeiture slush fund are greatly appreciated!

TraderTimm

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Re: [2016-05-29]Technology Used By The DAO Contains Critical Flaws

June 18, 2016, 03:42:19 PM

Here's all you need to know about the failed DAO - or should we call it DOA.

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

More technical info here:

http://hackingdistributed.com/2016/06/18/analysis-of-the-dao-exploit/

To say that there were just a few flaws would be generous. It seems that in their rush for accumulating a pile of money, someone forgot that code-as-a-contract means you have to be very SURE you're doing things correctly.

fortitudinem multis - catenum regit omnia

Karartma1

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Re: [2016-05-29]Technology Used By The DAO Contains Critical Flaws

June 30, 2016, 06:30:34 PM

Quote from: TraderTimm on June 18, 2016, 03:42:19 PM

These are exactly the kind of information that I was looking for. The DAO's been a great idea for their funders but not for their investors.
I am getting increasingly convinced it has been a kind of friendly fire to get some funds out.

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