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Author Topic: ETH hardfork incoming.  (Read 19056 times)
bbc.reporter
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August 07, 2016, 03:29:02 AM
 #281

Anyone could claim theyre "the attacker" and that they either dump / support ETC to manipulate the price. And he only atacked dao to get rich, not because he has a kind heart and cares about eTC, don't be naive and stupid. I mean, i do expect alot of messages from hacker / manipulators to try and manipulate the price further by telling something and doing the opposite, like chandler guo guy who threatened to atack ETC and then mined on it because the difficulty was so low, it was profitable. Better play lottery than invest in ETC, you'll never have inside information about the manipulations ahead.

The point of this post I agree with. Yes, it is every man for himself in trading in the cryptosphere. Any newbie that comes here in the forum is a sheep among wolves. Some of them get skinned alive but others adapt and get out a better investor but has become more cynical and skeptical.

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August 07, 2016, 09:55:22 AM
 #282

If the DAO hacker declare that he will not dump his coins, the price of ETC will rise a lot. And he will have enough to support the development.

The DAO hacker does not necessary like the Ethereum or the ETC. He is in for the money. So the price of ETC might crash to zero.
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August 08, 2016, 06:56:34 AM
 #283

If the DAO hacker declare that he will not dump his coins, the price of ETC will rise a lot. And he will have enough to support the development.

The DAO hacker does not necessary like the Ethereum or the ETC. He is in for the money. So the price of ETC might crash to zero.

That could be true. We should not pin our hope of the success on the actions of the a single hacker who might not care about other people.
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August 09, 2016, 06:17:15 PM
 #284

If the DAO hacker declare that he will not dump his coins, the price of ETC will rise a lot. And he will have enough to support the development.

The DAO hacker does not necessary like the Ethereum or the ETC. He is in for the money. So the price of ETC might crash to zero.

That could be true. We should not pin our hope of the success on the actions of the a single hacker who might not care about other people.

The ETC price is dropped against ETH at the moment. The price has dropped 25% in the last 24 hours. The dump might have started.
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August 09, 2016, 06:18:49 PM
 #285

If the DAO hacker declare that he will not dump his coins, the price of ETC will rise a lot. And he will have enough to support the development.

The DAO hacker does not necessary like the Ethereum or the ETC. He is in for the money. So the price of ETC might crash to zero.

That could be true. We should not pin our hope of the success on the actions of the a single hacker who might not care about other people.

The ETC price is dropped against ETH at the moment. The price has dropped 25% in the last 24 hours. The dump might have started.
The dump is indeed on right now. There are massive sell walls across all exchanges.

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August 10, 2016, 09:22:00 AM
 #286

If the DAO hacker declare that he will not dump his coins, the price of ETC will rise a lot. And he will have enough to support the development.

The DAO hacker does not necessary like the Ethereum or the ETC. He is in for the money. So the price of ETC might crash to zero.

That could be true. We should not pin our hope of the success on the actions of the a single hacker who might not care about other people.

The ETC price is dropped against ETH at the moment. The price has dropped 25% in the last 24 hours. The dump might have started.
The dump is indeed on right now. There are massive sell walls across all exchanges.

I will be sad to see ETC go. The ETC has diverted some hash rate from ETH so I have mined more than expected ETH.
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August 11, 2016, 07:36:47 AM
 #287

If the DAO hacker declare that he will not dump his coins, the price of ETC will rise a lot. And he will have enough to support the development.

The DAO hacker does not necessary like the Ethereum or the ETC. He is in for the money. So the price of ETC might crash to zero.

That could be true. We should not pin our hope of the success on the actions of the a single hacker who might not care about other people.

The ETC price is dropped against ETH at the moment. The price has dropped 25% in the last 24 hours. The dump might have started.
The dump is indeed on right now. There are massive sell walls across all exchanges.

I will be sad to see ETC go. The ETC has diverted some hash rate from ETH so I have mined more than expected ETH.

I mined few ETH in the last two days due to the increased difficulty. Maybe the ETC should be kept live for longer.
bbc.reporter
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August 11, 2016, 12:24:07 PM
 #288

If the DAO hacker declare that he will not dump his coins, the price of ETC will rise a lot. And he will have enough to support the development.

The DAO hacker does not necessary like the Ethereum or the ETC. He is in for the money. So the price of ETC might crash to zero.

That could be true. We should not pin our hope of the success on the actions of the a single hacker who might not care about other people.

The ETC price is dropped against ETH at the moment. The price has dropped 25% in the last 24 hours. The dump might have started.
The dump is indeed on right now. There are massive sell walls across all exchanges.

I will be sad to see ETC go. The ETC has diverted some hash rate from ETH so I have mined more than expected ETH.

I mined few ETH in the last two days due to the increased difficulty. Maybe the ETC should be kept live for longer.

In several months you will not be able to mine ETH anymore because Vitalik will fork it again and make the switch to Casper POS. Cheesy So better for you to start also mining ETC to help secure it so that it will not die.

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Rastanan
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August 12, 2016, 07:37:50 AM
 #289

If the DAO hacker declare that he will not dump his coins, the price of ETC will rise a lot. And he will have enough to support the development.

The DAO hacker does not necessary like the Ethereum or the ETC. He is in for the money. So the price of ETC might crash to zero.

That could be true. We should not pin our hope of the success on the actions of the a single hacker who might not care about other people.

The ETC price is dropped against ETH at the moment. The price has dropped 25% in the last 24 hours. The dump might have started.
The dump is indeed on right now. There are massive sell walls across all exchanges.

I will be sad to see ETC go. The ETC has diverted some hash rate from ETH so I have mined more than expected ETH.

I mined few ETH in the last two days due to the increased difficulty. Maybe the ETC should be kept live for longer.

In several months you will not be able to mine ETH anymore because Vitalik will fork it again and make the switch to Casper POS. Cheesy So better for you to start also mining ETC to help secure it so that it will not die.

Do you mean there is no plan for the ETC to fork into PoS in the future? If so, I will mine ETC when I cannot mine ETH.
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August 12, 2016, 08:41:31 AM
 #290

https://www.reddit.com/r/ethereum/comments/4xasg3/follow_up_statement_on_the_etc_salvaged_from/?st=irri2xtr&sh=eda9fbff
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August 12, 2016, 11:23:07 AM
 #291


The full statement.

Following the events of the last 24 hours we want to keep the community updated:

After having received repeated legal threats from various individuals holding significant stakes in The DAO (still continuing), we sought legal advice to help us pursue our goal without endangering ourselves or the salvaged funds. We found support and legal advice from Bity SA, a trusted Swiss entity. It has agreed to protect, secure and later distribute the funds equitably under an independent Swiss legal structure. The number 1 goal has always been to ensure that the salvaged funds are distributed in a fair, transparent and just manner. This remains unchanged.

When the salvaged ETC were able to be recovered, signals were received from the greater community to distribute these ETC in ETH, to continue to support Ethereum projects. Also, a large portion of the community does not have the technical ability to safely work both with ETC and ETH in the same address; therefore, returning part of salvaged ETC in ETH seemed to be the safest for all the parties involved. The first actions from the Swiss structure took place Tuesday August 9th and it preferred to not announce the movement of ETC in advance to avoid speculators taking advantage of the situation. Part of these funds are still on exchanges and the rest of the funds are held in the following accounts:

ETC Multisig: 0x1ac729d2db43103faf213cb9371d6b42ea7a830f

ETH Multisig: 0xd3b0b4fc31ee1f8570c75c19caa93cc1557e538f

BTC Multisig: 3JYwxuaHGKt8rZ9NbTEcyYRXtqkfN5Lz5Y

BTC Multisig2: 3Er3uMqBruv8VnhXUjyRbp2McASUE8t9HA

It has now become clear that this approach will introduce many unnecessary complications and wouldn’t bring certainty to all DAO Token Holders that they would be treated equally and with fairness. The objective evolved from the most desirable outcome (distributing ETH and ETC) to the most efficient and comprehensible distribution solution, that all funds will be made available in ETC to the DAO Token Holders. To achieve this, all exchanges will be asked to return the funds to the Multisig wallets.

We would like to thank the community for their trust and ask for their patience as the responsibility of returning this value to the DAO Token Holders is not an easy task. We are under a lot of pressure, but throughout this process we will continue to do the best that we can to protect the interests of the DAO Token Holders.

All the legal and technical work of the community members and the companies involved, has always been on a volunteer and pro-bono basis. Following our first statement, members of the community have expressed their keenness to donate crypto assets in recognition for the efforts deployed to salvage the ETC from the attackDAOs and to distribute it back to the community. Accordingly, it will be possible to donate when retrieving the funds. We will communicate next with a detailed plan for the distribution.
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August 12, 2016, 04:28:21 PM
 #292


The full statement.

Following the events of the last 24 hours we want to keep the community updated:

After having received repeated legal threats from various individuals holding significant stakes in The DAO (still continuing), we sought legal advice to help us pursue our goal without endangering ourselves or the salvaged funds. We found support and legal advice from Bity SA, a trusted Swiss entity. It has agreed to protect, secure and later distribute the funds equitably under an independent Swiss legal structure. The number 1 goal has always been to ensure that the salvaged funds are distributed in a fair, transparent and just manner. This remains unchanged.

When the salvaged ETC were able to be recovered, signals were received from the greater community to distribute these ETC in ETH, to continue to support Ethereum projects. Also, a large portion of the community does not have the technical ability to safely work both with ETC and ETH in the same address; therefore, returning part of salvaged ETC in ETH seemed to be the safest for all the parties involved. The first actions from the Swiss structure took place Tuesday August 9th and it preferred to not announce the movement of ETC in advance to avoid speculators taking advantage of the situation. Part of these funds are still on exchanges and the rest of the funds are held in the following accounts:

ETC Multisig: 0x1ac729d2db43103faf213cb9371d6b42ea7a830f

ETH Multisig: 0xd3b0b4fc31ee1f8570c75c19caa93cc1557e538f

BTC Multisig: 3JYwxuaHGKt8rZ9NbTEcyYRXtqkfN5Lz5Y

BTC Multisig2: 3Er3uMqBruv8VnhXUjyRbp2McASUE8t9HA

It has now become clear that this approach will introduce many unnecessary complications and wouldn’t bring certainty to all DAO Token Holders that they would be treated equally and with fairness. The objective evolved from the most desirable outcome (distributing ETH and ETC) to the most efficient and comprehensible distribution solution, that all funds will be made available in ETC to the DAO Token Holders. To achieve this, all exchanges will be asked to return the funds to the Multisig wallets.

We would like to thank the community for their trust and ask for their patience as the responsibility of returning this value to the DAO Token Holders is not an easy task. We are under a lot of pressure, but throughout this process we will continue to do the best that we can to protect the interests of the DAO Token Holders.

All the legal and technical work of the community members and the companies involved, has always been on a volunteer and pro-bono basis. Following our first statement, members of the community have expressed their keenness to donate crypto assets in recognition for the efforts deployed to salvage the ETC from the attackDAOs and to distribute it back to the community. Accordingly, it will be possible to donate when retrieving the funds. We will communicate next with a detailed plan for the distribution.


You are right. After the hard fork, the DAO hacker did not steal any Ethereum, or at least, he did not get what he wanted.
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August 14, 2016, 08:57:48 AM
 #293


The full statement.

Following the events of the last 24 hours we want to keep the community updated:

After having received repeated legal threats from various individuals holding significant stakes in The DAO (still continuing), we sought legal advice to help us pursue our goal without endangering ourselves or the salvaged funds. We found support and legal advice from Bity SA, a trusted Swiss entity. It has agreed to protect, secure and later distribute the funds equitably under an independent Swiss legal structure. The number 1 goal has always been to ensure that the salvaged funds are distributed in a fair, transparent and just manner. This remains unchanged.

When the salvaged ETC were able to be recovered, signals were received from the greater community to distribute these ETC in ETH, to continue to support Ethereum projects. Also, a large portion of the community does not have the technical ability to safely work both with ETC and ETH in the same address; therefore, returning part of salvaged ETC in ETH seemed to be the safest for all the parties involved. The first actions from the Swiss structure took place Tuesday August 9th and it preferred to not announce the movement of ETC in advance to avoid speculators taking advantage of the situation. Part of these funds are still on exchanges and the rest of the funds are held in the following accounts:

ETC Multisig: 0x1ac729d2db43103faf213cb9371d6b42ea7a830f

ETH Multisig: 0xd3b0b4fc31ee1f8570c75c19caa93cc1557e538f

BTC Multisig: 3JYwxuaHGKt8rZ9NbTEcyYRXtqkfN5Lz5Y

BTC Multisig2: 3Er3uMqBruv8VnhXUjyRbp2McASUE8t9HA

It has now become clear that this approach will introduce many unnecessary complications and wouldn’t bring certainty to all DAO Token Holders that they would be treated equally and with fairness. The objective evolved from the most desirable outcome (distributing ETH and ETC) to the most efficient and comprehensible distribution solution, that all funds will be made available in ETC to the DAO Token Holders. To achieve this, all exchanges will be asked to return the funds to the Multisig wallets.

We would like to thank the community for their trust and ask for their patience as the responsibility of returning this value to the DAO Token Holders is not an easy task. We are under a lot of pressure, but throughout this process we will continue to do the best that we can to protect the interests of the DAO Token Holders.

All the legal and technical work of the community members and the companies involved, has always been on a volunteer and pro-bono basis. Following our first statement, members of the community have expressed their keenness to donate crypto assets in recognition for the efforts deployed to salvage the ETC from the attackDAOs and to distribute it back to the community. Accordingly, it will be possible to donate when retrieving the funds. We will communicate next with a detailed plan for the distribution.


You are right. After the hard fork, the DAO hacker did not steal any Ethereum, or at least, he did not get what he wanted.

More information about the plan of the white hat.
https://blog.bity.com/2016/08/13/the-white-hats-and-dao-wars-behind-the-scenes/
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August 15, 2016, 09:07:39 AM
 #294


The full statement.

Following the events of the last 24 hours we want to keep the community updated:

After having received repeated legal threats from various individuals holding significant stakes in The DAO (still continuing), we sought legal advice to help us pursue our goal without endangering ourselves or the salvaged funds. We found support and legal advice from Bity SA, a trusted Swiss entity. It has agreed to protect, secure and later distribute the funds equitably under an independent Swiss legal structure. The number 1 goal has always been to ensure that the salvaged funds are distributed in a fair, transparent and just manner. This remains unchanged.

When the salvaged ETC were able to be recovered, signals were received from the greater community to distribute these ETC in ETH, to continue to support Ethereum projects. Also, a large portion of the community does not have the technical ability to safely work both with ETC and ETH in the same address; therefore, returning part of salvaged ETC in ETH seemed to be the safest for all the parties involved. The first actions from the Swiss structure took place Tuesday August 9th and it preferred to not announce the movement of ETC in advance to avoid speculators taking advantage of the situation. Part of these funds are still on exchanges and the rest of the funds are held in the following accounts:

ETC Multisig: 0x1ac729d2db43103faf213cb9371d6b42ea7a830f

ETH Multisig: 0xd3b0b4fc31ee1f8570c75c19caa93cc1557e538f

BTC Multisig: 3JYwxuaHGKt8rZ9NbTEcyYRXtqkfN5Lz5Y

BTC Multisig2: 3Er3uMqBruv8VnhXUjyRbp2McASUE8t9HA

It has now become clear that this approach will introduce many unnecessary complications and wouldn’t bring certainty to all DAO Token Holders that they would be treated equally and with fairness. The objective evolved from the most desirable outcome (distributing ETH and ETC) to the most efficient and comprehensible distribution solution, that all funds will be made available in ETC to the DAO Token Holders. To achieve this, all exchanges will be asked to return the funds to the Multisig wallets.

We would like to thank the community for their trust and ask for their patience as the responsibility of returning this value to the DAO Token Holders is not an easy task. We are under a lot of pressure, but throughout this process we will continue to do the best that we can to protect the interests of the DAO Token Holders.

All the legal and technical work of the community members and the companies involved, has always been on a volunteer and pro-bono basis. Following our first statement, members of the community have expressed their keenness to donate crypto assets in recognition for the efforts deployed to salvage the ETC from the attackDAOs and to distribute it back to the community. Accordingly, it will be possible to donate when retrieving the funds. We will communicate next with a detailed plan for the distribution.


You are right. After the hard fork, the DAO hacker did not steal any Ethereum, or at least, he did not get what he wanted.

More information about the plan of the white hat.
https://blog.bity.com/2016/08/13/the-white-hats-and-dao-wars-behind-the-scenes/


They will return the ETC to the original holders. They have sold some ETC to get some ETH. But they will buy the ETC now.
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August 17, 2016, 01:26:08 PM
 #295


The full statement.

Following the events of the last 24 hours we want to keep the community updated:

After having received repeated legal threats from various individuals holding significant stakes in The DAO (still continuing), we sought legal advice to help us pursue our goal without endangering ourselves or the salvaged funds. We found support and legal advice from Bity SA, a trusted Swiss entity. It has agreed to protect, secure and later distribute the funds equitably under an independent Swiss legal structure. The number 1 goal has always been to ensure that the salvaged funds are distributed in a fair, transparent and just manner. This remains unchanged.

When the salvaged ETC were able to be recovered, signals were received from the greater community to distribute these ETC in ETH, to continue to support Ethereum projects. Also, a large portion of the community does not have the technical ability to safely work both with ETC and ETH in the same address; therefore, returning part of salvaged ETC in ETH seemed to be the safest for all the parties involved. The first actions from the Swiss structure took place Tuesday August 9th and it preferred to not announce the movement of ETC in advance to avoid speculators taking advantage of the situation. Part of these funds are still on exchanges and the rest of the funds are held in the following accounts:

ETC Multisig: 0x1ac729d2db43103faf213cb9371d6b42ea7a830f

ETH Multisig: 0xd3b0b4fc31ee1f8570c75c19caa93cc1557e538f

BTC Multisig: 3JYwxuaHGKt8rZ9NbTEcyYRXtqkfN5Lz5Y

BTC Multisig2: 3Er3uMqBruv8VnhXUjyRbp2McASUE8t9HA

It has now become clear that this approach will introduce many unnecessary complications and wouldn’t bring certainty to all DAO Token Holders that they would be treated equally and with fairness. The objective evolved from the most desirable outcome (distributing ETH and ETC) to the most efficient and comprehensible distribution solution, that all funds will be made available in ETC to the DAO Token Holders. To achieve this, all exchanges will be asked to return the funds to the Multisig wallets.

We would like to thank the community for their trust and ask for their patience as the responsibility of returning this value to the DAO Token Holders is not an easy task. We are under a lot of pressure, but throughout this process we will continue to do the best that we can to protect the interests of the DAO Token Holders.

All the legal and technical work of the community members and the companies involved, has always been on a volunteer and pro-bono basis. Following our first statement, members of the community have expressed their keenness to donate crypto assets in recognition for the efforts deployed to salvage the ETC from the attackDAOs and to distribute it back to the community. Accordingly, it will be possible to donate when retrieving the funds. We will communicate next with a detailed plan for the distribution.


You are right. After the hard fork, the DAO hacker did not steal any Ethereum, or at least, he did not get what he wanted.

More information about the plan of the white hat.
https://blog.bity.com/2016/08/13/the-white-hats-and-dao-wars-behind-the-scenes/


They will return the ETC to the original holders. They have sold some ETC to get some ETH. But they will buy the ETC now.

That is their intention. But it might not happen very soon. As they want to do the things right this time. It could take months.
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August 17, 2016, 01:55:02 PM
 #296


The full statement.

Following the events of the last 24 hours we want to keep the community updated:

After having received repeated legal threats from various individuals holding significant stakes in The DAO (still continuing), we sought legal advice to help us pursue our goal without endangering ourselves or the salvaged funds. We found support and legal advice from Bity SA, a trusted Swiss entity. It has agreed to protect, secure and later distribute the funds equitably under an independent Swiss legal structure. The number 1 goal has always been to ensure that the salvaged funds are distributed in a fair, transparent and just manner. This remains unchanged.

When the salvaged ETC were able to be recovered, signals were received from the greater community to distribute these ETC in ETH, to continue to support Ethereum projects. Also, a large portion of the community does not have the technical ability to safely work both with ETC and ETH in the same address; therefore, returning part of salvaged ETC in ETH seemed to be the safest for all the parties involved. The first actions from the Swiss structure took place Tuesday August 9th and it preferred to not announce the movement of ETC in advance to avoid speculators taking advantage of the situation. Part of these funds are still on exchanges and the rest of the funds are held in the following accounts:

ETC Multisig: 0x1ac729d2db43103faf213cb9371d6b42ea7a830f

ETH Multisig: 0xd3b0b4fc31ee1f8570c75c19caa93cc1557e538f

BTC Multisig: 3JYwxuaHGKt8rZ9NbTEcyYRXtqkfN5Lz5Y

BTC Multisig2: 3Er3uMqBruv8VnhXUjyRbp2McASUE8t9HA

It has now become clear that this approach will introduce many unnecessary complications and wouldn’t bring certainty to all DAO Token Holders that they would be treated equally and with fairness. The objective evolved from the most desirable outcome (distributing ETH and ETC) to the most efficient and comprehensible distribution solution, that all funds will be made available in ETC to the DAO Token Holders. To achieve this, all exchanges will be asked to return the funds to the Multisig wallets.

We would like to thank the community for their trust and ask for their patience as the responsibility of returning this value to the DAO Token Holders is not an easy task. We are under a lot of pressure, but throughout this process we will continue to do the best that we can to protect the interests of the DAO Token Holders.

All the legal and technical work of the community members and the companies involved, has always been on a volunteer and pro-bono basis. Following our first statement, members of the community have expressed their keenness to donate crypto assets in recognition for the efforts deployed to salvage the ETC from the attackDAOs and to distribute it back to the community. Accordingly, it will be possible to donate when retrieving the funds. We will communicate next with a detailed plan for the distribution.


You are right. After the hard fork, the DAO hacker did not steal any Ethereum, or at least, he did not get what he wanted.

More information about the plan of the white hat.
https://blog.bity.com/2016/08/13/the-white-hats-and-dao-wars-behind-the-scenes/


They will return the ETC to the original holders. They have sold some ETC to get some ETH. But they will buy the ETC now.

That is their intention. But it might not happen very soon. As they want to do the things right this time. It could take months.

They might hold until the ETC price crash to 0 and then buy back the ETC and return to the original DAO holders.
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August 17, 2016, 02:11:52 PM
 #297


The full statement.

Following the events of the last 24 hours we want to keep the community updated:

After having received repeated legal threats from various individuals holding significant stakes in The DAO (still continuing), we sought legal advice to help us pursue our goal without endangering ourselves or the salvaged funds. We found support and legal advice from Bity SA, a trusted Swiss entity. It has agreed to protect, secure and later distribute the funds equitably under an independent Swiss legal structure. The number 1 goal has always been to ensure that the salvaged funds are distributed in a fair, transparent and just manner. This remains unchanged.

When the salvaged ETC were able to be recovered, signals were received from the greater community to distribute these ETC in ETH, to continue to support Ethereum projects. Also, a large portion of the community does not have the technical ability to safely work both with ETC and ETH in the same address; therefore, returning part of salvaged ETC in ETH seemed to be the safest for all the parties involved. The first actions from the Swiss structure took place Tuesday August 9th and it preferred to not announce the movement of ETC in advance to avoid speculators taking advantage of the situation. Part of these funds are still on exchanges and the rest of the funds are held in the following accounts:

ETC Multisig: 0x1ac729d2db43103faf213cb9371d6b42ea7a830f

ETH Multisig: 0xd3b0b4fc31ee1f8570c75c19caa93cc1557e538f

BTC Multisig: 3JYwxuaHGKt8rZ9NbTEcyYRXtqkfN5Lz5Y

BTC Multisig2: 3Er3uMqBruv8VnhXUjyRbp2McASUE8t9HA

It has now become clear that this approach will introduce many unnecessary complications and wouldn’t bring certainty to all DAO Token Holders that they would be treated equally and with fairness. The objective evolved from the most desirable outcome (distributing ETH and ETC) to the most efficient and comprehensible distribution solution, that all funds will be made available in ETC to the DAO Token Holders. To achieve this, all exchanges will be asked to return the funds to the Multisig wallets.

We would like to thank the community for their trust and ask for their patience as the responsibility of returning this value to the DAO Token Holders is not an easy task. We are under a lot of pressure, but throughout this process we will continue to do the best that we can to protect the interests of the DAO Token Holders.

All the legal and technical work of the community members and the companies involved, has always been on a volunteer and pro-bono basis. Following our first statement, members of the community have expressed their keenness to donate crypto assets in recognition for the efforts deployed to salvage the ETC from the attackDAOs and to distribute it back to the community. Accordingly, it will be possible to donate when retrieving the funds. We will communicate next with a detailed plan for the distribution.


You are right. After the hard fork, the DAO hacker did not steal any Ethereum, or at least, he did not get what he wanted.

More information about the plan of the white hat.
https://blog.bity.com/2016/08/13/the-white-hats-and-dao-wars-behind-the-scenes/


They will return the ETC to the original holders. They have sold some ETC to get some ETH. But they will buy the ETC now.

That is their intention. But it might not happen very soon. As they want to do the things right this time. It could take months.

They might hold until the ETC price crash to 0 and then buy back the ETC and return to the original DAO holders.
etc price is definitely not going to go down to such low numbers, in my opinion right now it is only going to grow because it is better than ethereum
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August 17, 2016, 02:31:09 PM
 #298


The full statement.

Following the events of the last 24 hours we want to keep the community updated:

After having received repeated legal threats from various individuals holding significant stakes in The DAO (still continuing), we sought legal advice to help us pursue our goal without endangering ourselves or the salvaged funds. We found support and legal advice from Bity SA, a trusted Swiss entity. It has agreed to protect, secure and later distribute the funds equitably under an independent Swiss legal structure. The number 1 goal has always been to ensure that the salvaged funds are distributed in a fair, transparent and just manner. This remains unchanged.

When the salvaged ETC were able to be recovered, signals were received from the greater community to distribute these ETC in ETH, to continue to support Ethereum projects. Also, a large portion of the community does not have the technical ability to safely work both with ETC and ETH in the same address; therefore, returning part of salvaged ETC in ETH seemed to be the safest for all the parties involved. The first actions from the Swiss structure took place Tuesday August 9th and it preferred to not announce the movement of ETC in advance to avoid speculators taking advantage of the situation. Part of these funds are still on exchanges and the rest of the funds are held in the following accounts:

ETC Multisig: 0x1ac729d2db43103faf213cb9371d6b42ea7a830f

ETH Multisig: 0xd3b0b4fc31ee1f8570c75c19caa93cc1557e538f

BTC Multisig: 3JYwxuaHGKt8rZ9NbTEcyYRXtqkfN5Lz5Y

BTC Multisig2: 3Er3uMqBruv8VnhXUjyRbp2McASUE8t9HA

It has now become clear that this approach will introduce many unnecessary complications and wouldn’t bring certainty to all DAO Token Holders that they would be treated equally and with fairness. The objective evolved from the most desirable outcome (distributing ETH and ETC) to the most efficient and comprehensible distribution solution, that all funds will be made available in ETC to the DAO Token Holders. To achieve this, all exchanges will be asked to return the funds to the Multisig wallets.

We would like to thank the community for their trust and ask for their patience as the responsibility of returning this value to the DAO Token Holders is not an easy task. We are under a lot of pressure, but throughout this process we will continue to do the best that we can to protect the interests of the DAO Token Holders.

All the legal and technical work of the community members and the companies involved, has always been on a volunteer and pro-bono basis. Following our first statement, members of the community have expressed their keenness to donate crypto assets in recognition for the efforts deployed to salvage the ETC from the attackDAOs and to distribute it back to the community. Accordingly, it will be possible to donate when retrieving the funds. We will communicate next with a detailed plan for the distribution.


You are right. After the hard fork, the DAO hacker did not steal any Ethereum, or at least, he did not get what he wanted.

More information about the plan of the white hat.
https://blog.bity.com/2016/08/13/the-white-hats-and-dao-wars-behind-the-scenes/


They will return the ETC to the original holders. They have sold some ETC to get some ETH. But they will buy the ETC now.

That is their intention. But it might not happen very soon. As they want to do the things right this time. It could take months.

They might hold until the ETC price crash to 0 and then buy back the ETC and return to the original DAO holders.
etc price is definitely not going to go down to such low numbers, in my opinion right now it is only going to grow because it is better than ethereum
How the fuck can a coin based purely on greed and theft be better than ETH?!? That's correct, it isn't.

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August 17, 2016, 03:48:29 PM
 #299

How the fuck can a coin based purely on greed and theft be better than ETH?!? That's correct, it isn't.

You stupid fuck. Figure out the words immutably and fugibility.

ETH is the coin based on greed and theft. Get it right.
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August 17, 2016, 07:35:17 PM
 #300

How the fuck can a coin based purely on greed and theft be better than ETH?!? That's correct, it isn't.

You stupid fuck. Figure out the words immutably and fugibility.

ETH is the coin based on greed and theft. Get it right.


It seems crazy when folks attempt to characterize ETC as being based on greed and theft, when in fact ETC seemed to be an attempt to temper the level of greed and theft occurring within ETH, especially in the most recent days.

Neither ETH nor ETC are great coins, but at least ETC had attempted to make a better effort to modify ETH in such a way to make it closer to bitcoin (at least in the decentralized and immutability direction), which almost makes ETC an honorable approach that is attempting to fix a bad foundation.

1) Self-Custody is a right.  There is no such thing as "non-custodial" or "un-hosted."  2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized.  3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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