The DAO FAIL

[CryR]

Ethereum gone too far, time to dump all

[iamnotback]

Remember The Dao's marketing pitch?  - "operating solely with the steadfast iron will of unstoppable code"?

Likely plagiarized derived from the slogan of the book The Spider and The Starfish, The Unstoppable Power of Leaderless Organizations.

[hv_]

https://twitter.com/fivedogit/status/743867427742703616

"I accidentally deleted the keys to 830 ETH back in the day. Can I get a bailout too? "

Need to ask FEDalik Butyellen first...

[BitUsher]

Plans for Reimbursing Exchange losses to prevent price discover-



Blacklists.



and state warrants and demands ... Oh my!

[CryR]

All is Lost https://blog.daohub.org/the-next-steps-786323e6fac9#.4qldc6maw

[bones261]

All is Lost https://blog.daohub.org/the-next-steps-786323e6fac9#.4qldc6maw

Wow, what wonderful choices. Either wait for a possible hardfork and watch the DAO get drained for more; dump your tokens on some other idiot for a loss; or try a split into another child DAO that will have the exact same vulnerability. I guess if every single DAO holder attempts to split off on their own, a few of the lucky ones may find themselves all alone, with no stalker trying to drain them dry.
https://www.youtube.com/watch?v=mPVpMxVn6mk

Thank God that I divested myself of this nonsense a few days ago.

[Spoetnik]

I think we have alot of ideas that agree but I am not quite grasping your post here. Even though you tried to encapsulate it. Lol

http://uk.businessinsider.com/dao-hacked-ethereum-crashing-in-value-tens-of-millions-allegedly-stolen-2016-6

Do you understand me now?

His point is that is all part of the game. It is actually good for crypto. Our ecosystem learns and grows stronger.

This is the way decentralized nature anneals fitness.

oooooooh my fucking god damn god ROFL 

[iamnotback]

I think we have alot of ideas that agree but I am not quite grasping your post here. Even though you tried to encapsulate it. Lol

http://uk.businessinsider.com/dao-hacked-ethereum-crashing-in-value-tens-of-millions-allegedly-stolen-2016-6

Do you understand me now?

His point is that is all part of the game. It is actually good for crypto. Our ecosystem learns and grows stronger.

This is the way decentralized nature anneals fitness.

oooooooh my fucking god damn god ROFL  

Spoetic my dear Rambo Penguin (please set your machine gun down for a moment and hear me out), my point is that the ecosystem learns by experience.

You know when you try to tell a child not to touch the hot burner on the top of the stove, but since you told him not to do it, then he must do it. So he burns his hand and then he never does it again (unless he is one of those hard-headed types who torments his mother).

[Spoetnik]

You should not have said that.. LOL

I get it man i really do

When i was a little kid i stuck a key in the electrical plug-in on the stove
in front of my mom and her chick friend in the kitchen.. i said hey look at this !
She screamed as i did it then tried to lunge at me but it was too late.

I got fucking juiced sumthin' fierce  

I will never forget the sensation of raw voltage running through my body full force.

Years Later.. i was alone at home in like grade 5 and i was screwing around the house
And i have no idea what possessed me but i decided to grab some scissors
and cut the cord of a clock that was on the wall with a wired plugin..

It made a huge massive blinding flash and threw me flying back hard into the wall
and massive popping explosion.. and i got juiced again.

So ?

When do you Cryptards learn your god damn lesson ?

[iCEBREAKER]

Plans for Reimbursing Exchange losses to prevent price discover-



Blacklists.



and state warrants and demands ... Oh my!

"Helicopter" Buterin of the ETH Plunge Protection Team goes into action!

Wow such distributed.  Very autonomous!   

[iamnotback]

You should not have said that.. LOL

I get it man i really do

When i was a little kid i stuck a key in the electrical plug-in on the stove
in front of my mom and her chick friend in the kitchen.. i said hey look at this !
She screamed as i did it then tried to lunge at me but it was too late.

I got fucking juiced sumthin' fierce  

I will never forget the sensation of raw voltage running through my body full force.

Years Later.. i was alone at home in like grade 5 and i was screwing around the house
And i have no idea what possessed me but i decided to grab some scissors
and cut the cord of a clock that was on the wall with a wired plugin..

It made a huge massive blinding flash and threw me flying back hard into the wall
and massive popping explosion.. and i got juiced again.

So ?

When do you Cryptards learn your god damn lesson ?

Man I knew I had a brother out there some where.

I used to lick 9V batteries to make sure they still had a charge. And I thought I'd try it on the wall socket. That was a thrill. Too bad for this forum, USA only has 110V.

[scyth3]

Bitcoin 1, Ethereum 0.

No amount of code repair will fix this mess. This kind of top down centralized control of any currency should not be tolerated. All DAO investors should lose their money and should not be bailed out. The "hacker" deserves the money for uncovering this scam.

[crypto jerk]

[bones261]

It's even worse the this. It's like cholera, the shits leading to death.

[BitUsher]

[iCEBREAKER]

OMG that took a while!   

We're getting old and slow; gone.png postings used to happen mere nanoseconds after the latest Bitcoin debacle!   

[parmatiya]

Plans for Reimbursing Exchange losses to prevent price discover-



Blacklists.



and state warrants and demands ... Oh my!

"Helicopter" Buterin of the ETH Plunge Protection Team goes into action!

Wow such distributed.  Very autonomous!   

Buterin only has the power to propose the change, you can also propose changes. It is up to the community to adopt it.

[gogodr]

So its true. The dao did fail and is closing down.

http://www.coindesk.com/the-dao-is-closing-down/

[BitUsher]

[spartak_t]

I think that the attacker can be sued, but that doesn't matter. DAO got hurt in a way that I didn't expected, thought I pointed out that it has too many flaws.