The DAO FAIL

[Hueristic]

That might end up as a good idea. I mean if the attacker give part of the coins in his possesion for the ETC development. It would be a good answer to what EF did. About 2 weeks ago Mr. Barry Silbert said that the first coin (other than Bitcoin), which he bought was ETC at $0.50. From what I've heard he invested 5% from his BTC, which should be a pretty big amount. This clearly shows that some serious players are supporting ETC and you can see that it has twice the trade volume of ETH (leaving conspiracy theories aside).

Thx, I have tons Of good idea's that could launch this branch but zero incentive.

Try to be more positive.

FAILCommunity

[1714952108]

1714952108

[1714952108]

1714952108

[1714952108]

1714952108

[1714952108]

1714952108

[1714952108]

1714952108

[spartak_t]

That might end up as a good idea. I mean if the attacker give part of the coins in his possesion for the ETC development. It would be a good answer to what EF did. About 2 weeks ago Mr. Barry Silbert said that the first coin (other than Bitcoin), which he bought was ETC at $0.50. From what I've heard he invested 5% from his BTC, which should be a pretty big amount. This clearly shows that some serious players are supporting ETC and you can see that it has twice the trade volume of ETH (leaving conspiracy theories aside).

Thx, I have tons Of good idea's that could launch this branch but zero incentive.

Try to be more positive.

FAILCommunity

It has its niche. Do some research and you'll see we are kinda serious about this, though we are struggling for quite some time. We are some of the nice guys here.

That might end up as a good idea. I mean if the attacker give part of the coins in his possesion for the ETC development. It would be a good answer to what EF did. About 2 weeks ago Mr. Barry Silbert said that the first coin (other than Bitcoin), which he bought was ETC at $0.50. From what I've heard he invested 5% from his BTC, which should be a pretty big amount. This clearly shows that some serious players are supporting ETC and you can see that it has twice the trade volume of ETH (leaving conspiracy theories aside).

If Mr. Barry Silbert likes the ETC so much, the DAO hackers (white + black) should sell the ETC to him.

I have pretty good feelings on why Silbert is buying ETC, but everybody is free to has its own opinion. I can only say that Silbert can afford to buy the ETC from the attacker and if he announces it.. well... it will skyrocket. It sounds like utopia though.

[Hueristic]

That might end up as a good idea. I mean if the attacker give part of the coins in his possesion for the ETC development. It would be a good answer to what EF did. About 2 weeks ago Mr. Barry Silbert said that the first coin (other than Bitcoin), which he bought was ETC at $0.50. From what I've heard he invested 5% from his BTC, which should be a pretty big amount. This clearly shows that some serious players are supporting ETC and you can see that it has twice the trade volume of ETH (leaving conspiracy theories aside).

Thx, I have tons Of good idea's that could launch this branch but zero incentive.

Try to be more positive.

FAILCommunity

It has its niche. Do some research and you'll see we are kinda serious about this, though we are struggling for quite some time. We are some of the nice guys here.

LOL, I saw that and thought it was a political claim not an actual community.

I have no time for yet more research btw.

[spartak_t]

That might end up as a good idea. I mean if the attacker give part of the coins in his possesion for the ETC development. It would be a good answer to what EF did. About 2 weeks ago Mr. Barry Silbert said that the first coin (other than Bitcoin), which he bought was ETC at $0.50. From what I've heard he invested 5% from his BTC, which should be a pretty big amount. This clearly shows that some serious players are supporting ETC and you can see that it has twice the trade volume of ETH (leaving conspiracy theories aside).

Thx, I have tons Of good idea's that could launch this branch but zero incentive.

Try to be more positive.

FAILCommunity

It has its niche. Do some research and you'll see we are kinda serious about this, though we are struggling for quite some time. We are some of the nice guys here.

LOL, I saw that and thought it was a political claim not an actual community.

I have no time for yet more research btw.

You can still hardly say it is a community, but imagine 9GAG, FailArmy or YouTube channels with social experiments (such as helping homeless people) with its own cryptocurrency? Millions of people are following/watching them so like I said.. it has its niche.

[robdark]

DAO is fail but should have been allowed to fail. Hardfork is most embarrassing event ever in crypto history. Absolutely shameful.

[Hueristic]

DAO is fail but should have been allowed to fail. Hardfork is most embarrassing event ever in crypto history. Absolutely shameful.

/thread

[RastoMan]

DAO is fail but should have been allowed to fail. Hardfork is most embarrassing event ever in crypto history. Absolutely shameful.

There is a alt chain of ETH called ETC. The hacker can have access to the ETC. Let us see if that is a fail or not.

[funbarrel]

it was a huge disappointment for me to be honest, i expected way more out of it, i think that it destroyed the ethereum though the time will show what will happen

[ontrackk]

DAO is fail but should have been allowed to fail. Hardfork is most embarrassing event ever in crypto history. Absolutely shameful.

well most embarrassing thing is when people create the shitcoins just to dump it all on people, this was more like a mistake only, of course it is a shame but it is how it is

[Fanpant]

DAO is fail but should have been allowed to fail. Hardfork is most embarrassing event ever in crypto history. Absolutely shameful.

well most embarrassing thing is when people create the shitcoins just to dump it all on people, this was more like a mistake only, of course it is a shame but it is how it is

That theory can be applied to the ETC. It might be a pump and dump coin. Some people might lose a lot soon.

[Minecache]

DAO is fail but should have been allowed to fail. Hardfork is most embarrassing event ever in crypto history. Absolutely shameful.

Are you for fuckin real? The most shame events are the constant hacks and attacks. This is the type of shit that's hodling back many many investors from entering the crypto-sphere. Get a grip. FFS

[Nimbulan]

DAO is fail but should have been allowed to fail. Hardfork is most embarrassing event ever in crypto history. Absolutely shameful.

thats true, i have never had any of my money in dao to be honest, i knew that sooner or later it is going to turn out as a joke

[thejaytiesto]

DAO is fail but should have been allowed to fail. Hardfork is most embarrassing event ever in crypto history. Absolutely shameful.

Are you for fuckin real? The most shame events are the constant hacks and attacks. This is the type of shit that's hodling back many many investors from entering the crypto-sphere. Get a grip. FFS

The ones that should get a grip are the guys that invested millions in a super experimental technology. If that isn't the behavior of money hungry mindless scrubs then I don't know what it is.

[spartak_t]

The ones that should get a grip are the guys that invested millions in a super experimental technology. If that isn't the behavior of money hungry mindless scrubs then I don't know what it is.

That's not exactly the case. Nobody is talking about prices here! At least that was not my intention (as I was the one started this thread)! Those who invested millions should not get a grip, because that experimental technology broke the most important thing they promised - decentralisation.

[Minecache]

DAO is fail but should have been allowed to fail. Hardfork is most embarrassing event ever in crypto history. Absolutely shameful.

Are you for fuckin real? The most shame events are the constant hacks and attacks. This is the type of shit that's hodling back many many investors from entering the crypto-sphere. Get a grip. FFS

The ones that should get a grip are the guys that invested millions in a super experimental technology. If that isn't the behavior of money hungry mindless scrubs then I don't know what it is.

Incorrect. Without investors willing to take risks in hugely potential projects then mankind would still be in the caves. I personally invested some of my wealth into the DAO because I was fascinated with the ideas and technology. Not because of some get rich quick scam. I have my own self-made fortune from the tech industry, but I want to invest part of that to help and encourage others to make something of themselves and technology. And I'd invest in DAO2.0 at the tip of a hat tomorrow, because the shame is not from ones failures it's from ones inaction.

[Ultrabat]

DAO is fail but should have been allowed to fail. Hardfork is most embarrassing event ever in crypto history. Absolutely shameful.

Are you for fuckin real? The most shame events are the constant hacks and attacks. This is the type of shit that's hodling back many many investors from entering the crypto-sphere. Get a grip. FFS

That is right. If the authorities in the land cannot cope with that, then the cryto currency developers should deal with that.

[dinofelis]

DAO is fail but should have been allowed to fail. Hardfork is most embarrassing event ever in crypto history. Absolutely shameful.

Are you for fuckin real? The most shame events are the constant hacks and attacks. This is the type of shit that's hodling back many many investors from entering the crypto-sphere. Get a grip. FFS

On the contrary.  Crypto was invented to survive in a hostile hacker and attacker environment.  Remember "trustless" ?  That's what it means.  If crypto suffers from hacking and attacking, instead of living off it, then it is a fail.

You might as well say that "enemy fire is what keeps people from getting into the army".  The whole purpose of an army is to resist to enemy fire.  Complaining about it for an army defeats the purpose.

[dinofelis]

DAO is fail but should have been allowed to fail. Hardfork is most embarrassing event ever in crypto history. Absolutely shameful.

Are you for fuckin real? The most shame events are the constant hacks and attacks. This is the type of shit that's hodling back many many investors from entering the crypto-sphere. Get a grip. FFS

That is right. If the authorities in the land cannot cope with that, then the cryto currency developers should deal with that.

They should deal with it during development.  They should develop hacking and attacking resistent systems.  Because that's what crypto is about.  Undoing an attack by hand, just like in fiat, defeats the whole "automatic" purpose of crypto.  If that is what needs to be done, stay in fiat.

[anthonydar]

DAO is fail but should have been allowed to fail. Hardfork is most embarrassing event ever in crypto history. Absolutely shameful.

Are you for fuckin real? The most shame events are the constant hacks and attacks. This is the type of shit that's hodling back many many investors from entering the crypto-sphere. Get a grip. FFS

That is right. If the authorities in the land cannot cope with that, then the cryto currency developers should deal with that.

They should deal with it during development.  They should develop hacking and attacking resistent systems.  Because that's what crypto is about.  Undoing an attack by hand, just like in fiat, defeats the whole "automatic" purpose of crypto.  If that is what needs to be done, stay in fiat.

That is right. But it is very difficult to develop bug/hack free software in the computer industry. It is better to counter attack after hack.

[coin_gambler]

that was one of the greatest fails i have ever seen to be honest, i hope we will not have any more situations like with this dao thing, i never invest in those