ETH - Hardforked - NOT Decentralized

[ATA Group]

https://www.reddit.com/r/ethereum/comments/4oiqj7/critical_update_re_dao_vulnerability/

ETH Hardfork incoming.
THIS is not a decentralized system!


That means it takes only two nerds to exclude anyone they don't like.
They are in Russia imagine what would happen if the KGB comes and demands something.
Thats it ETH is officially dead along with DAO, this has nothing to do with a decentralised system.

I am out sleeping better with BTC.

[Aki4real]

So I guess you got margin called on your short?

[haendehochueberfall]

This isn't news at all ...

[Traderx]

so they can't fork a centralized system, why?

[btc_zero_sum]

even if no action is taken, the attacker will not be able to withdraw any ether at least for another ~27 days (the creation window for the child DAO)

from https://blog.ethereum.org/2016/06/17/critical-update-re-dao-vulnerability/

so why a soft fork then.
it would only throw the word "decentralization" in the toilet imho

[ATA Group]

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.

Quoted for truth!

[Attack.of.the.Clones]

NXT did NOT fork after the BTER hack, that was the correct decision then , and is the correct one now.

a hard fork is just not decentralised crypto currency anymore, it's something else

[glerant]

NXT did NOT fork after the BTER hack, that was the correct decision then , and is the correct one now.

a hard fork is just not decentralised crypto currency anymore, it's something else

Castor Troy: Wheee. What a predicament.

[BitUsher]

Wait , so perhaps the DAO needs to be renamed to CAO - Centralized Autonomous Organizations

[freshman777]

Wait , so perhaps the DAO needs to be renamed to CAO - Centralized Autonomous Organizations

Can't do it. CAO means 'fuck' in chinese, DAO - the road.

[Traderx]

Wait , so perhaps the DAO needs to be renamed to CAO - Centralized Autonomous Organizations

why? they can fork if needed, i don't understand

[1ofthemany]

Can't do it. CAO means 'fuck' in chinese, DAO - the road.

then CAO would be perfectly appropriate.

[BitUsher]

Wait , so perhaps the DAO needs to be renamed to CAO - Centralized Autonomous Organizations

why? they can fork if needed, i don't understand

It is a HF to target a single address and reverse Tx's . You don't see a problem with a single person deciding this for the community? Sure the miners can reject the HF , but if the accept it than it sets a very bad precedence and even the mere suggestion or consideration of such a think should make people lose confidence in ETh devs

[benthach]

https://www.reddit.com/r/ethereum/comments/4oiqj7/critical_update_re_dao_vulnerability/

ETH Hardfork incoming.
THIS is not a decentralized system!


That means it takes only two nerds to exclude anyone they don't like.
They are in Russia imagine what would happen if the KGB comes and demands something.
Thats it ETH is officially dead along with DAO, this has nothing to do with a decentralised system.

I am out sleeping better with BTC.

[BitUsher]

Fall in line , and Obey your masters or we will hunt you down and DOXX you, mETH users!

https://twitter.com/DanDarkPill/status/743789597482692608

[funbarrel]

Fall in line , and Obey your masters or we will hunt you down and DOXX you, mETH users!

https://twitter.com/DanDarkPill/status/743789597482692608

the more i read about this whole ethereum thing, the more i think it is some kind of a joke

[Zer0Sum]

Fall in line , and Obey your masters or we will hunt you down and DOXX you, mETH users!

https://twitter.com/DanDarkPill/status/743789597482692608

Stephan Tual is upset because HE was meant to steal that money...
Unfortunately, his scheme was so badly designed that a hacker beat him to the $$$.

This whole DAO thing would make a great episode of American Greed...
Sadly, I would not oppose a criminal investigation that would connect the dots... and cleanse the Ethereum ecosystem.

[Auponef]

The Etheruem developers propose a change to invalidate the hacked Ethereum. If you do not agree with them, you do not have to run the hard fork.

[BitUsher]

The Etheruem developers propose a change to invalidate the hacked Ethereum. If you do not agree with them, you do not have to run the hard fork.

Sure and the HF alt created when the chain splits will be exposed to regulatory threats and will need to hire a bunch of lawyers and at the same time undermine the trust in the network. What happens when the FBI knocks on the Ethereum foundations door and asks for another soft or HF to disable or freeze assets on a naughty smart contract? Great job guys!

[Spoetnik]

I couldn't agree more.. i was already thinking the same exact thing.
I also never supported any previous roll-backs in crypto either.

And if you all think it does not matter being decentralized or not then you are more stupid than i thought.

And these ICO fraudster profiteers will dump of course..
But not because they think it's centralized and insecure but because they are greedy moronic profiteer dregs.

Corrupt, immoral, greedy, deceitful & worthless brat day traders
don't give two shits what they invest in.. they would just as soon close their eyes
then pick a shit coin at random on a *centralized* exchange for PROFIT.

The vortex of the shitcoin Crypto-Trailer-Park being swept up by the ICO shit storm tornado of karma is awesome !