The DAO FAIL

[MySecondCunt]

The attacker did it again: https://www.reddit.com/r/ethereum/comments/4p9z93/it_seems_attacker_just_targeted_the_whitehatdaos/

The market reacts:
https://s32.postimg.org/9jg60yqqt/Capture.jpg
https://s31.postimg.org/xk39a809n/hownow.jpg
http://coinmarketcap.com/assets/the-dao/

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[spartak_t]

....

Here is what I think about your posts:

https://media.giphy.com/media/xT0GqpswuzhOqHP6gM/giphy-downsized-large.gif

[MySecondCunt]

....

Here is what I think about your posts:

https://media.giphy.com/media/xT0GqpswuzhOqHP6gM/giphy-downsized-large.gif

Yeah, I realize that your poisonous schadenfreude backed by mouth-foaming and hand-waving is far superior to actual dispassionate facts.
I guess I got nothing.
...wait, perhaps a topical palliative?

https://s32.postimg.org/yqg3h2lbp/butthurt.jpg

[kattokassinen]

Decentralized smart contracts are probably the dumbest contracts in existence.

Contracts will never be flawless, they will always have bugs. Is Ethereum going to soft fork everytime something bad happens?

Centralized contracts are the way to go. NEM and its Mosaics are the best solution for centralized contracts.

[MySecondCunt]

^
Decentralized currency controlled by a handful of bros burning coal-fired, government-subsidized electricity in Chinese chicken coops doesn't sound like a begging idea either, tho it never stopped bitcoin

[funkenstein]

[...] smart contracts are probably the dumbest contracts in existence.

I agree.  They may teach us a lesson however:

http://frass.woodcoin.org/smart-contracts-could-save-the-legal-system-but-not-in-the-way-you-think/

[spartak_t]

Decentralized smart contracts are probably the dumbest contracts in existence.

Contracts will never be flawless, they will always have bugs. Is Ethereum going to soft fork everytime something bad happens?

Centralized contracts are the way to go. NEM and its Mosaics are the best solution for centralized contracts.

NEM is controlled by the chinese as far as I know. You can say it for Bitcoin too, but it's kinda different story.

[kattokassinen]

Decentralized smart contracts are probably the dumbest contracts in existence.

Contracts will never be flawless, they will always have bugs. Is Ethereum going to soft fork everytime something bad happens?

Centralized contracts are the way to go. NEM and its Mosaics are the best solution for centralized contracts.

NEM is controlled by the chinese as far as I know. You can say it for Bitcoin too, but it's kinda different story.

Speaking from someone who has been around NEM since the beginning, I don't quite get the Chinese claim. Yes there are some nice Chinese people around NEM, but I don't see them controlling the ecosystem nor having any sort of XEM majority.

[carajillu]

Do you still have confidnce in somethink that has been (recursively hacked)^n?

[spartak_t]

Speaking from someone who has been around NEM since the beginning, I don't quite get the Chinese claim.

The chinese pumped many coins for no reason. TIPS and EAC are one of the examples. This is my only concern.

[MySecondCunt]

Speaking from someone who has been around NEM since the beginning, I don't quite get the Chinese claim.

The chinese pumped many coins for no reason. TIPS and EAC are one of the examples. This is my only concern.

You're ignoring one major coin the Chinese have pumped for no reason. It begins with a "B," has "TC" in the middle, and always ends in tears.

[BitUsher]

This is getting ridiculous , the daoattacker is treating ETH/DAO like his little playthings - 


https://www.reddit.com/r/ethereum/comments/4p9z93/it_seems_attacker_just_targeted_the_whitehatdaos/

[MySecondCunt]

This is getting ridiculous , the daoattacker is treating ETH/DAO like his little playthings -  

The Market Responds:

https://s33.postimg.org/wphzy4usf/froz_l.pnghttps://s32.postimg.org/99a140tlh/Capture.jpghttps://s33.postimg.org/5l5sfkbmn/froz_r.png
http://coinmarketcap.com/
Above price is current @ time of this post.

[gogodr]

Are you people still buying this crap dao? Did you all not get the memo. Dao is dead.

[log2exp]

Price went up like crazy before Mt. Gox about to crash, history tends to repeat itself.

[spartak_t]

I will repeat that I am not against the DAO, Ethereum, Bitcoin or whatever., but the DAO must change its abbreviation, because it failed (as of now) to be decentralized. And I'm still angry that few people gathered so much funds, but allowed this to happen.... ah....

[MySecondCunt]

I will repeat that I am not against the DAO, Ethereum, Bitcoin or whatever., but the DAO must change its abbreviation [...]

We must contact the Decentralized Better Business Bureau immediately!
They'll send their virtual, non-violent uninforcement friendgents so that the case could be tried in the High p2p Internet Court of Natural Law. This can't stand!
 
Bitcoin is controlled by a handful of factory mines in China, yet some still insist on calling it decentralized.

[kattokassinen]

This happened to first ever MAJOR Ethereum based contract.

What do you expect in the future? Forks, forks and forks.

Smart contracts don't work. There will always be bugs.

I of course stand corrected, if Ethereum can provide a bug-free utopia.

[MySecondCunt]

This happened to first ever MAJOR Ethereum based contract.

What do you expect in the future? Forks, forks and forks.

Smart contracts don't work. There will always be bugs.

I of course stand corrected, if Ethereum can provide a bug-free utopia.

The first time you try to drive a nail with a hammer, you smash your thumb.
From this, according to your logic, we proceed to infer:
    1. You should give up. If the first attempt failed, the second could only fail harder.
    2. Your sore thumb is not your fault, it is the fault of Etherium the hammer. For not having a childproof thumb guard.
    3. A hammer without a thumb guard is useless.

Am I reading you correctly?

[kattokassinen]

This happened to first ever MAJOR Ethereum based contract.

What do you expect in the future? Forks, forks and forks.

Smart contracts don't work. There will always be bugs.

I of course stand corrected, if Ethereum can provide a bug-free utopia.

The first time you try to drive a nail with a hammer, you smash your thumb.
From this, according to your logic, we proceed to infer:
    1. You should give up. If the first attempt failed, the second could only fail harder.
    2. Your sore thumb is not your fault, it is the fault of Etherium the hammer. For not having a childproof thumb guard.
    3. A hammer without a thumb guard is useless.

Am I reading you correctly?

No, I am saying Ethereum will probably sell as well as head mounted toilet paper dispenser. It's pointless, expensive and there are way better and cheaper methods to achieve the same.