The DAO FAIL

[Master_dandosha]

The price of DAO is connected to eth it is not a fail if the hardfork of eth succeeded..hope it works out .

[1714949547]

1714949547

[1714949547]

1714949547

[shyliar]

The price of DAO is connected to eth it is not a fail if the hardfork of eth succeeded..hope it works out .

The DAO as an investment vehicle is a complete fail. The investors can however get their ETH back and as such the Hardfork was successful.  Look here to see the rapid transfer of tokens to ETH as individuals recover their coins.

http://etherscan.io/token/TheDAO#txns

Wonder where all those ETH are heading.

Note: Millions have already moved.

[RastoMan]

The price of DAO is connected to eth it is not a fail if the hardfork of eth succeeded..hope it works out .

The DAO as an investment vehicle is a complete fail. The investors can however get their ETH back and as such the Hardfork was successful.  Look here to see the rapid trade of tokens to ETH as individuals recover their coins.

http://etherscan.io/token/TheDAO#txns

Wonder where all those ETH are heading.

Note: Millions have already moved.

Some people are buying the Etherruem at the moment. It seems the price has risen quite a lot today.

[shyliar]

The price of DAO is connected to eth it is not a fail if the hardfork of eth succeeded..hope it works out .

The DAO as an investment vehicle is a complete fail. The investors can however get their ETH back and as such the Hardfork was successful.  Look here to see the rapid trade of tokens to ETH as individuals recover their coins.

http://etherscan.io/token/TheDAO#txns

Wonder where all those ETH are heading.

Note: Millions have already moved.

Some people are buying the Etheruem at the moment. It seems the price has risen quite a lot today.

Seems that way. The ETH being transferred from tokens will either be sold or held (No one knows how much of each). Will be interesting to see if the buyers are willing to purchase everything being sold.

[Ultrabat]

The price of DAO is connected to eth it is not a fail if the hardfork of eth succeeded..hope it works out .

The DAO as an investment vehicle is a complete fail. The investors can however get their ETH back and as such the Hardfork was successful.  Look here to see the rapid trade of tokens to ETH as individuals recover their coins.

http://etherscan.io/token/TheDAO#txns

Wonder where all those ETH are heading.

Note: Millions have already moved.

Some people are buying the Etheruem at the moment. It seems the price has risen quite a lot today.

Seems that way. The ETH being transferred from tokens will either be sold or held (No one knows how much of each). Will be interesting to see if the buyers are willing to purchase everything being sold.

If the Ethereum from the DAO are sold, that will put pressure on the Ethereum price. It could reduce the price.

[RastoMan]

The price of DAO is connected to eth it is not a fail if the hardfork of eth succeeded..hope it works out .

The DAO as an investment vehicle is a complete fail. The investors can however get their ETH back and as such the Hardfork was successful.  Look here to see the rapid trade of tokens to ETH as individuals recover their coins.

http://etherscan.io/token/TheDAO#txns

Wonder where all those ETH are heading.

Note: Millions have already moved.

Some people are buying the Etheruem at the moment. It seems the price has risen quite a lot today.

Seems that way. The ETH being transferred from tokens will either be sold or held (No one knows how much of each). Will be interesting to see if the buyers are willing to purchase everything being sold.

If the Ethereum from the DAO are sold, that will put pressure on the Ethereum price. It could reduce the price.

So far, the price of the Ethereum is around 0.019. So there are very strong buying support to absorb the dumps.

[iCEBREAKER]

The Ethereum is a live project and it is evolving all the time. It will be more popular after the crisis.

Really? Do you know what the "D" in the DAO stands for? The Ethereum Foundation sold "decentralized" project for hundreds of millions, which will be now hard forked.  

I do not think any Ethereum Foundation members have the rights to dictate the terms of the hard fork, only miners will.

So that is an kind of democracy. I voted for the soft fork in the http://ethpool.org/ before, but there is no vote for HF now.

Most miners and the Ethereum holders have voted for the hard fork to get back the stolen DAO. So we will see.

Whoever told you that is wrong.  You need better sources of information.

Most did not vote at all.


http://elaineou.com/2016/07/18/stick-a-fork-in-ethereum/#forkyou

A message on the Ethermine.org pool states:

    According to the voting result (65% in favor of not supporting the fork) the pool is supposed not to support the fork. But as all other major pools (e.g. dwarfpool, ethermine, nanopool) are supporting the fork we can and will not jeopardize any mining income of the pool by mining on a chain that has a very high probability to get orphaned. Therefore, according to our voting policy stated in the announcement, we will support the hard fork.

https://steemit.com/bitcoin/@crazysmile/ethereum-hard-fork-due-miner-vote-overturned

Wow very democracy.  So many decentralized.

[RastoMan]

The people who did not vote, give up their rights to decide. So the people who voted decide the fate of the Ethereum.

[roselee]

The people who did not vote, give up their rights to decide. So the people who voted decide the fate of the Ethereum.

the pity is only miners ( who might have been invested in dao , interest conflict) could vote. and for the vote on that other page.
well if you holde lets say 1 mill ether like vitalik and every single one of you ether counts as one voice .... i doupt if thats democraty.....shouldnt it be : one head one voice one vote.......

[iCEBREAKER]

The people who did not vote, give up their rights to decide. So the people who voted decide the fate of the Ethereum.

Given the "unstoppable code" marketing, the people who did not vote may not have even been aware there was a vote, or that immutability was something controversial that could possibly and suddenly come up for a vote.

You can't suddenly hold a referendum on a DAO TARP and expect busy people to be paying attention, much less have the time to come to an informed decision in a few days.

Hey I know, let's have a vote on doubling the number of Bitcoins, to 42 million total.

Quick, go figure out how to sign a vote with your proof of stake!  You have Two Weeks.

Oh what, your coins are in an exchange?  Sorry, you'll just have to let other people act as your proxy.

Let's start taking bets on how long until there's another TARP fork.

I'll be optimistic, and wager ETH can make it another year with another obnoxiously hypocritical bailout for a TBTF dumb contract.

[Minecache]

The people who did not vote, give up their rights to decide. So the people who voted decide the fate of the Ethereum.

Given the "unstoppable code" marketing, the people who did not vote may not have even been aware there was a vote, or that immutability was something controversial that could possibly and suddenly come up for a vote.

You can't suddenly hold a referendum on a DAO TARP and expect busy people to be paying attention, much less have the time to come to an informed decision in a few days.

Hey I know, let's have a vote on doubling the number of Bitcoins, to 42 million total.

Quick, go figure out how to sign a vote with your proof of stake!  You have Two Weeks.

Oh what, your coins are in an exchange?  Sorry, you'll just have to let other people act as your proxy.

Let's start taking bets on how long until there's another TARP fork.

I'll be optimistic, and wager ETH can make it another year with another obnoxiously hypocritical bailout for a TBTF dumb contract.

You clearly don't know what a bail out is.

And yes it's entirely possible the one day BTC coinage could be increased from its hard coded 21m.

[Goms]

I would not bet on the btc coinage increasing from 21M, the price of 1satoshi will have to increase to make allowance for that. I won't be surprised if 1satoshi costs $10 someday.

[Hueristic]

The people who did not vote, give up their rights to decide. So the people who voted decide the fate of the Ethereum.

Given the "unstoppable code" marketing, the people who did not vote may not have even been aware there was a vote, or that immutability was something controversial that could possibly and suddenly come up for a vote.

You can't suddenly hold a referendum on a DAO TARP and expect busy people to be paying attention, much less have the time to come to an informed decision in a few days.

Hey I know, let's have a vote on doubling the number of Bitcoins, to 42 million total.

Quick, go figure out how to sign a vote with your proof of stake!  You have Two Weeks.

Oh what, your coins are in an exchange?  Sorry, you'll just have to let other people act as your proxy.

Let's start taking bets on how long until there's another TARP fork.

I'll be optimistic, and wager ETH can make it another year with another obnoxiously hypocritical bailout for a TBTF dumb contract.

You clearly don't know what a bail out is.

And yes it's entirely possible the one day BTC coinage could be increased from its hard coded 21m.

A bailout is a colloquial term for giving financial support to a company or country which faces serious financial difficulty or bankruptcy.

[crypto jerk]

The Ethereum is a live project and it is evolving all the time. It will be more popular after the crisis.

Really? Do you know what the "D" in the DAO stands for? The Ethereum Foundation sold "decentralized" project for hundreds of millions, which will be now hard forked.  

I do not think any Ethereum Foundation members have the rights to dictate the terms of the hard fork, only miners will.

So that is an kind of democracy. I voted for the soft fork in the http://ethpool.org/ before, but there is no vote for HF now.

Most miners and the Ethereum holders have voted for the hard fork to get back the stolen DAO. So we will see.

Whoever told you that is wrong.  You need better sources of information.

Most did not vote at all.


http://elaineou.com/2016/07/18/stick-a-fork-in-ethereum/#forkyou

A message on the Ethermine.org pool states:

    According to the voting result (65% in favor of not supporting the fork) the pool is supposed not to support the fork. But as all other major pools (e.g. dwarfpool, ethermine, nanopool) are supporting the fork we can and will not jeopardize any mining income of the pool by mining on a chain that has a very high probability to get orphaned. Therefore, according to our voting policy stated in the announcement, we will support the hard fork.

https://steemit.com/bitcoin/@crazysmile/ethereum-hard-fork-due-miner-vote-overturned

Wow very democracy.  So many decentralized.

Holy fucked up fork voting batman.

So a minority voted the fork in? Not voting at all is the same as a no vote. So Vitalik just raped ETH.
No means No vitalik, you rapist.

[Minecache]

The people who did not vote, give up their rights to decide. So the people who voted decide the fate of the Ethereum.

Given the "unstoppable code" marketing, the people who did not vote may not have even been aware there was a vote, or that immutability was something controversial that could possibly and suddenly come up for a vote.

You can't suddenly hold a referendum on a DAO TARP and expect busy people to be paying attention, much less have the time to come to an informed decision in a few days.

Hey I know, let's have a vote on doubling the number of Bitcoins, to 42 million total.

Quick, go figure out how to sign a vote with your proof of stake!  You have Two Weeks.

Oh what, your coins are in an exchange?  Sorry, you'll just have to let other people act as your proxy.

Let's start taking bets on how long until there's another TARP fork.

I'll be optimistic, and wager ETH can make it another year with another obnoxiously hypocritical bailout for a TBTF dumb contract.

You clearly don't know what a bail out is.

And yes it's entirely possible the one day BTC coinage could be increased from its hard coded 21m.

A bailout is a colloquial term for giving financial support to a company or country which faces serious financial difficulty or bankruptcy.

Exactly, zero financial support was given. A transaction was reversed. That's that.

[Hueristic]

The people who did not vote, give up their rights to decide. So the people who voted decide the fate of the Ethereum.

Given the "unstoppable code" marketing, the people who did not vote may not have even been aware there was a vote, or that immutability was something controversial that could possibly and suddenly come up for a vote.

You can't suddenly hold a referendum on a DAO TARP and expect busy people to be paying attention, much less have the time to come to an informed decision in a few days.

Hey I know, let's have a vote on doubling the number of Bitcoins, to 42 million total.

Quick, go figure out how to sign a vote with your proof of stake!  You have Two Weeks.

Oh what, your coins are in an exchange?  Sorry, you'll just have to let other people act as your proxy.

Let's start taking bets on how long until there's another TARP fork.

I'll be optimistic, and wager ETH can make it another year with another obnoxiously hypocritical bailout for a TBTF dumb contract.

You clearly don't know what a bail out is.

And yes it's entirely possible the one day BTC coinage could be increased from its hard coded 21m.

A bailout is a colloquial term for giving financial support to a company or country which faces serious financial difficulty or bankruptcy.

Exactly, zero financial support was given. A transaction was reversed. That's that.

Your understanding is either below grade level or you intentionally fail at reading comprehension. Wealth redistribution is no different than changing a transaction and the recipient has received the bailout. What would you call it if all the transaction's for everyone's tax returns were reversed back to the Gov? There is no difference. In that scenario the GOV would have received a bailout if the other criteria of "faces serious financial difficulty or bankruptcy" were met.

A transaction was reversed. That's that

THIS just shows you have no understanding of immutability and like the rest will lose long term with your centralized system.

[spartak_t]

The people who did not vote, give up their rights to decide. So the people who voted decide the fate of the Ethereum.

Given the "unstoppable code" marketing, the people who did not vote may not have even been aware there was a vote, or that immutability was something controversial that could possibly and suddenly come up for a vote.

You can't suddenly hold a referendum on a DAO TARP and expect busy people to be paying attention, much less have the time to come to an informed decision in a few days.

Hey I know, let's have a vote on doubling the number of Bitcoins, to 42 million total.

Quick, go figure out how to sign a vote with your proof of stake!  You have Two Weeks.

Oh what, your coins are in an exchange?  Sorry, you'll just have to let other people act as your proxy.

Let's start taking bets on how long until there's another TARP fork.

I'll be optimistic, and wager ETH can make it another year with another obnoxiously hypocritical bailout for a TBTF dumb contract.

You clearly don't know what a bail out is.

You really should think twice, before post such bs. I have 2 questions for you:

1. Where is TheDAO now? (look at the thread's title for reference)
2. What is a bailout? (will ignore Hueristic's quote)

[iCEBREAKER]

Exactly, zero financial support was given. A transaction was reversed. That's that.

Mutability?

What's that?  You mean the thingy on the TV remote that silences The Kardashians when you get a phone call?




#REKT

[Sharky444]

The DAO is a nice example of how marketing trumps technology.

[ArticMine]

The DAO is a nice example of how marketing trumps technology.

... but only for a limited amount of time. The DAO is basically off the radar as far as market capitalization is concerned. Technology trumps in the end.