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Author Topic: The DAO FAIL  (Read 20476 times)
d@nte
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July 23, 2016, 10:00:57 PM
 #261

Epic fail in the crypto history... Sad but it's true.
Minecache
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July 23, 2016, 11:32:35 PM
 #262

Just for the intellectually challenged Spoetniktard sockies in this tread who persist in their bailout scaremongering bull:

https://blog.colony.io/an-ethereum-hard-fork-is-not-a-bailout-its-foiling-a-bank-robbery-db2a472fe9e1#.yoaaomh6v

https://news.bitcoin.com/ethereum-government-dao/

https://m.reddit.com/r/ethereum/comments/4ok3f1/the_dao_is_not_being_bailed_out/


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July 24, 2016, 07:13:28 AM
 #263

I'm amazed the value of Ethereum went up after the hard fork. Greed wins from common sense? Is this the same way people "invest" in ponzi "doubling" websites? They know it's a scam, but hope to make a quick profit on the short run before the system (based on the greater fool theory) runs out of fools?
In my opinion Ethereum deserves to lose its value, and should always be remembered as an example of how not to handle a cryptocurrency. But it seems like it needs more time to die out.

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RastoMan
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July 24, 2016, 07:15:27 AM
 #264

Epic fail in the crypto history... Sad but it's true.

The future programmers should remember this and write good programs. Also we should have started the DAO smaller.
spartak_t (OP)
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July 24, 2016, 07:38:18 AM
 #265


I took a quick look to these articles, but I'm not even going try to reading them. Next time try using your own words. Here are some points you should consider:

1. There is no DAO, there was "D"AO.
2. 10% of the miners voted for the hard fork (I'm not quite certain if that was the %, but I'm not like some guys, which are using google to prove their point. I use my mind and memories.). What does that tell you?
3. It tells you that a "handful" of people decided it's destiny. Much like the % of people around the world who decides it's destiny.

anthonydar
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July 24, 2016, 01:04:26 PM
 #266


I took a quick look to these articles, but I'm not even going try to reading them. Next time try using your own words. Here are some points you should consider:

1. There is no DAO, there was "D"AO.
2. 10% of the miners voted for the hard fork (I'm not quite certain if that was the %, but I'm not like some guys, which are using google to prove their point. I use my mind and memories.). What does that tell you?
3. It tells you that a "handful" of people decided it's destiny. Much like the % of people around the world who decides it's destiny.

There are Classic Ethereum pools. The miners who do not vote for the fork can switch to those pools.

spartak_t (OP)
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July 24, 2016, 01:19:59 PM
 #267


I took a quick look to these articles, but I'm not even going try to reading them. Next time try using your own words. Here are some points you should consider:

1. There is no DAO, there was "D"AO.
2. 10% of the miners voted for the hard fork (I'm not quite certain if that was the %, but I'm not like some guys, which are using google to prove their point. I use my mind and memories.). What does that tell you?
3. It tells you that a "handful" of people decided it's destiny. Much like the % of people around the world who decides it's destiny.

There are Classic Ethereum pools. The miners who do not vote for the fork can switch to those pools.

I know that, but so what? Would you like me to tell you a story?

"Give us $18,5 million and we will present you Ethereum. Now please give us $100s of millions (not going to make calculations) and you'll have TheDAO. Unfortunatelly, TheDAO failed and we want you to vote for a fork. Oh, well, 10% of you voted for a hard fork? No worries, hard fork it is. TheDAO is now gone. There are people who are not happy with that? Here is the Ethereum Classic."

Now the speculations will be much more.

mr.youhim
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July 24, 2016, 01:29:55 PM
 #268

The curators of the DAO is still live?
roselee
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July 24, 2016, 05:43:21 PM
 #269


I took a quick look to these articles, but I'm not even going try to reading them. Next time try using your own words. Here are some points you should consider:

1. There is no DAO, there was "D"AO.
2. 10% of the miners voted for the hard fork (I'm not quite certain if that was the %, but I'm not like some guys, which are using google to prove their point. I use my mind and memories.). What does that tell you?
3. It tells you that a "handful" of people decided it's destiny. Much like the % of people around the world who decides it's destiny.
i thought the blockchain might change that and makes this world a little bit fairer.

RastoMan
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July 25, 2016, 06:41:50 AM
 #270


I took a quick look to these articles, but I'm not even going try to reading them. Next time try using your own words. Here are some points you should consider:

1. There is no DAO, there was "D"AO.
2. 10% of the miners voted for the hard fork (I'm not quite certain if that was the %, but I'm not like some guys, which are using google to prove their point. I use my mind and memories.). What does that tell you?
3. It tells you that a "handful" of people decided it's destiny. Much like the % of people around the world who decides it's destiny.

There are Classic Ethereum pools. The miners who do not vote for the fork can switch to those pools.

I think so, if the miners do not like to mine at the new chain, they should move to mine the old chain.
Ultrabat
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July 25, 2016, 10:35:29 AM
 #271


I took a quick look to these articles, but I'm not even going try to reading them. Next time try using your own words. Here are some points you should consider:

1. There is no DAO, there was "D"AO.
2. 10% of the miners voted for the hard fork (I'm not quite certain if that was the %, but I'm not like some guys, which are using google to prove their point. I use my mind and memories.). What does that tell you?
3. It tells you that a "handful" of people decided it's destiny. Much like the % of people around the world who decides it's destiny.

There are Classic Ethereum pools. The miners who do not vote for the fork can switch to those pools.

I think so, if the miners do not like to mine at the new chain, they should move to mine the old chain.

According to http://fork.ethstats.net/, the Classic Ethereum chain mining difficulty is around 6% of the main chain.

Fanpant
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July 25, 2016, 03:16:44 PM
 #272


I took a quick look to these articles, but I'm not even going try to reading them. Next time try using your own words. Here are some points you should consider:

1. There is no DAO, there was "D"AO.
2. 10% of the miners voted for the hard fork (I'm not quite certain if that was the %, but I'm not like some guys, which are using google to prove their point. I use my mind and memories.). What does that tell you?
3. It tells you that a "handful" of people decided it's destiny. Much like the % of people around the world who decides it's destiny.

There are Classic Ethereum pools. The miners who do not vote for the fork can switch to those pools.

I think so, if the miners do not like to mine at the new chain, they should move to mine the old chain.

According to http://fork.ethstats.net/, the Classic Ethereum chain mining difficulty is around 6% of the main chain.

The Ethreum Classic price is less than 4% of the Ethereum price. So it is not profitable to mine now .
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July 25, 2016, 03:38:39 PM
 #273

The Ethreum Classic price is less than 4% of the Ethereum price. So it is not profitable to mine now .

There is something called "difficulty".

RastoMan
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July 26, 2016, 06:39:26 AM
 #274

The Ethreum Classic price is less than 4% of the Ethereum price. So it is not profitable to mine now .

There is something called "difficulty".

The ETC price is 6% of ETH and the difficulty is about 4%. So it is more profitable to mine the ETC now.
BitUsher
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July 26, 2016, 04:54:00 PM
 #275

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July 26, 2016, 08:20:02 PM
 #276

intellectually challenged Spoetniktard sockies in this tread who persist in their bailout scaremongering bull

Polo and Bittrex already trade ETC in volume surpassing the 51% attackers' pretender coin.

Kraken is coming soon.  Silbert and China are all over it.  The usurper project is rapidly bleeding $$$ and miners to the legitimate chain.

The immutable original chain is winning this popularity contest, which is being held in the marketplace.

Chancellor Butarin tried to kill his own project, but it will live on without him, stronger than ever before.

Chancellor Butarin is a weakness, a point of failure which has been excised via the mETH fork.

Without immutability, we're no better than fiat.  -Johnny_Mnemonic


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s1gs3gv
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July 26, 2016, 08:54:17 PM
 #277

Without immutability, we're no better than fiat.  -Johnny_Mnemonic

With immutability we're just a legacy bug ridden piece of software.

~LOL~
Hueristic
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July 27, 2016, 06:15:48 AM
 #278

There is just so much blood in the water!


“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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July 27, 2016, 02:59:20 PM
 #279

Without immutability, we're no better than fiat.  -Johnny_Mnemonic

With immutability we're just a legacy bug ridden piece of software.

~LOL~


I think the Monero has also hard forked to correct some kind of problems. So is the bitcoin and other coins.

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July 27, 2016, 03:06:23 PM
 #280

Without immutability, we're no better than fiat.  -Johnny_Mnemonic

With immutability we're just a legacy bug ridden piece of software.

~LOL~


Not immutability of the code.  Immutability of the past on the chain.
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