ETH hardfork incoming.

[spartacusrex]

http://pastebin.com/aMKwQcHR

This is very interesting..

As they say - IF they can somehow 'FIX' this.. (rollback / blacklist / some other thing) it means any government that wants it's ETH back can 'FIX' that too.. very dangerous.

I think Ethereum should 'NOT GET INVOLVED'. At all. The truth is that the ETH network is running completely fine.

Let DAO sort it out if they can. And if not.. a lesson learned.

hmm..

This will probably send us(crypto) back a few years in credibility though..

[tokeweed]

I think that would be a very bad idea.

Can't roll-back every time someone writes a buggy contract. No matter how much is invested in it..

THIS is the HEART of crypto.

If he(Vitalik) does roll back, it means ETH is not decentralised..

There are literally 10's of thousands of other contracts running that have no issue at all.

Not only that.  If they roll back, Ethereum will be one big joke in crypto.  But it could be doomed either way.  They continue, it's bad, Ethereum's pet project the DAO loses over a hundred million.  If they roll back, it's laughable, and they're viewed as incompetent fools.

This is a bad time.  I hope they figure this out real quick and that no one loses their investment.  I feel fr those people who are invested.

They will roll it back and try to spend the next year in 'glossing it over' hoping the glamor has not rubbed off and another pump to save their reputation..bet on it

If they do that, then I can't see a serious dev working on a serious project using Ethereum as their base platform.  They should keep calm and think this through.

[KLONE]

hard fork of ETH and it's over, they need to show some cojones like NXT did when thesir guy hacked BTER .. crypto hard forks kill credibility forever

[Cryptology]

Hmm..

IF they do a roll-back.. what happens to all the ETH put in exchanges and sold in the period that get's 'reset'.. ?

The problem is related to deposits and withdrawals rather than with the actual trading. At the moment the situation is very risky for exchanges.

[Attack.of.the.Clones]

Hard-fork is suicide for a coin, don't do it Vitalek!!!

[Cryptology]

Looks like there is a solution that doesn't involve a rollback after all. -> https://www.reddit.com/r/ethereum/comments/4oiqj7/critical_update_re_dao_vulnerability/

[funbarrel]

Looks like there is a solution that doesn't involve a rollback after all. -> https://www.reddit.com/r/ethereum/comments/4oiqj7/critical_update_re_dao_vulnerability/

sounds really good to be honest, im curious if everything will be solved that easily

[BitUsher]

What a joke. The DAO switching to proof of vitalik where he can make demands to freeze all exchanges so investors cannot flee a burning building and than make arbitrary decisions like freezing peoples funds at whim. Decentralized  

[partysaurus]

Looks like there is a solution that doesn't involve a rollback after all. -> https://www.reddit.com/r/ethereum/comments/4oiqj7/critical_update_re_dao_vulnerability/

great news, or that depends on what side people are on

[funbarrel]

What a joke. The DAO switching to proof of vitalik where he can make demands to freeze all exchanges so investors cannot flee a burning building and than make arbitrary decisions like freezing peoples funds at whim. Decentralized 

yeah, a lot of people will understand that eth is not so decentralized how everyone is made to think, this step will surely have negative impact on eth in the future

[BitUsher]

Looks like there is a solution that doesn't involve a rollback after all. -> https://www.reddit.com/r/ethereum/comments/4oiqj7/critical_update_re_dao_vulnerability/

sounds really good to be honest, im curious if everything will be solved that easily

Proof of Vitalik is a very efficient algo that can make quick and final decisions without debate, but it does have a tradeoff...

[spartacusrex]

Eh?

They are saying -

1) Blacklist the address with a soft fork - so hacker can't cash out.

2) Then wait and do a hard fork to get the Ether back.

It doesn't seem like DAO can recover the funds in a straight forward way..

..

I don't like.

I feel for those who lost, BUT this could be done to ANYBODY, for any reason, and all it took was Vitalik and Co's say so.. So Ethereum could be coerced with 1, maybe 2, guns to a couple of heads..

That's not cool. (And it's certainly not decentralised)

AGAIN - 'Ethereum' should stay well away. This is none of your business. Your network is doing exactly what it was meant to. And running fine. Let the chips fall.

[Jacques21]

The whole DAO thing was a risky shit from the start, i would just leave it and let it burn.

What pisses me off is that poloniex wont let me withdraw my Bitcoin for some reason.

[Attack.of.the.Clones]

Eh?

They are saying -

1) Blacklist the address with a soft fork - so hacker can't cash out.

2) Then wait and do a hard fork to get the Ether back.

It doesn't seem like DAO can recover the funds in a straight forward way..

..

I don't like.

I feel for those who lost, BUT this could be done to ANYBODY, for any reason, and all it took was Vitalik and Co's say so.. So Ethereum could be coerced with 1, maybe 2, guns to a couple of heads..

That's not cool. (And it's certainly not decentralised)

AGAIN - 'Ethereum' should stay well away. This is none of your business. Your network is doing exactly what it was meant to. And running fine. Let the chips fall.

i agree, any rollback sets a precedent, and that kills confidence ... if it can happen once, then what would be other triggers?

DON"T DO IT!!!

[funbarrel]

The whole DAO thing was a risky shit from the start, i would just leave it and let it burn.

What pisses me off is that poloniex wont let me withdraw my Bitcoin for some reason.

thats insane actually, in my opinion bitcoin shouldnt have controlled withdraws and deposits for sure, now it seems that eth has more impact than any other currencies, thats definitely a bad thing for their reputation

[Jacques21]

The whole DAO thing was a risky shit from the start, i would just leave it and let it burn.

What pisses me off is that poloniex wont let me withdraw my Bitcoin for some reason.

thats insane actually, in my opinion bitcoin shouldnt have controlled withdraws and deposits for sure, now it seems that eth has more impact than any other currencies, thats definitely a bad thing for their reputation

The worst part is I didnt even trade any Eth or DAO today , I sold it all on the 14th when it hit the price i wanted.

[monsanto]

First, the DAO should have capped investment like Digix did.  That way it could have been hacked and failed but not threatened the entire Ethereum project.

Second, the hard fork may not be so bad because ethereum hasn't even chosen it's final PoS algorithm. It's not like they are forking a mature coin.  To people who argue that this makes it centralized, I would answer yes, but they never pretended that it wasn't going to be until after they took care of the difficulty bomb and forced change from PoW.

[funbarrel]

The whole DAO thing was a risky shit from the start, i would just leave it and let it burn.

What pisses me off is that poloniex wont let me withdraw my Bitcoin for some reason.

thats insane actually, in my opinion bitcoin shouldnt have controlled withdraws and deposits for sure, now it seems that eth has more impact than any other currencies, thats definitely a bad thing for their reputation

The worst part is I didnt even trade any Eth or DAO today , I sold it all on the 14th when it hit the price i wanted.

sorry, for you, had all my coins on bittrex, lucky for me they still allow withdrawing it, poloniex exchange surely should get negative reputation for that in my opinion

[Jacques21]

First, the DAO should have capped investment like Digix did.  That way it could have been hacked and failed but not threatened the entire Ethereum project.

Second, the hard fork may not be so bad because ethereum hasn't even chosen it's final PoS algorithm. It's not like they are forking a mature coin.  To people who argue that this makes it centralized, I would answer yes, but they never pretended that it wasn't going to be until after they took care of the difficulty bomb and forced change from PoW.

They were always going to have to hardfork anyway to take care of the diff bomb werent they? or am I wrong?

[BlindMayorBitcorn]

What a joke. The DAO switching to proof of vitalik where he can make demands to freeze all exchanges so investors cannot flee a burning building and than make arbitrary decisions like freezing peoples funds at whim. Decentralized  

King Vitalik is forking the stolen DAO ETH's out of existence: https://np.reddit.com/r/ethereum/comments/4oiqj7/critical_update_re_dao_vulnerability/

Decentralization. Cool