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Author Topic: ETH - Hardforked - NOT Decentralized  (Read 5136 times)
vlad12
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June 17, 2016, 03:19:24 PM
 #21

The ETH developers can propose all the hardforks they want. It's still ultimately the miners and users who decide whether to comply or not. It's exactly how a decentralized system works.

BitUsher
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June 17, 2016, 03:27:38 PM
 #22

The ETH developers can propose all the hardforks they want. It's still ultimately the miners and users who decide whether to comply or not. It's exactly how a decentralized system works.

Rationalize it all you want , but whether it is the developers pushing the miners or the miners independently deciding on the HF , the end result is the same. This is a HF to seize assets targeted at 1 specific user that was legitimately and legally acquired. Remember in Smart contracts code is law , and the "hacker" was following the law, therefore there was technically no hack and the contracts completed as designed!
ATA Group (OP)
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June 17, 2016, 03:33:10 PM
 #23

Yes the money wasn't even technically "stolen". It was acquired through a shitty code....
Hardfork means that single persons decide whats wrong or right. That's not the way it should be.

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June 17, 2016, 03:36:18 PM
 #24

Yes the money wasn't even technically "stolen". It was acquired through a shitty code....
Hardfork means that single persons decide whats wrong or right. That's not the way it should be.


What makes it worse is that Ethereum is switching to Proof of Stake where it isn't even the miners/nodes who decide on future HF but a cabal of developers and a few early investors. It is real easy for any state to come knocking on the Ethereum foundations door and identify the large stakeholders!
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June 17, 2016, 03:42:33 PM
 #25

The ETH developers can propose all the hardforks they want. It's still ultimately the miners and users who decide whether to comply or not. It's exactly how a decentralized system works.

The fact he can proves otherwise.

The ETH scam is centralized because of that reason and plenty more.

YOU = RETORT FAIL ..fraud supporter  Roll Eyes

Fraud for profit = Big Bussines (AKA: The Modern DAY Digital Pyramid Scheme)

ETHEREUM is not a crypto-currency it's an ICO scam.

The bags your holding do not change this reality Investards.

FUD first & ask questions later™
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June 17, 2016, 04:03:43 PM
 #26

The ETH developers can propose all the hardforks they want. It's still ultimately the miners and users who decide whether to comply or not. It's exactly how a decentralized system works.

Rationalize it all you want , but whether it is the developers pushing the miners or the miners independently deciding on the HF , the end result is the same. This is a HF to seize assets targeted at 1 specific user that was legitimately and legally acquired. Remember in Smart contracts code is law , and the "hacker" was following the law, therefore there was technically no hack and the contracts completed as designed!

THIS needs to be plastered everywhere. Rock the fuck on for being the captain obvious that no one wants to hear right now.

This post sums up why all this bullshit is a scam
Read It. Hate It. Change the facts that it represents.
https://bitcointalk.org/index.php?topic=1606638.msg16139644#msg16139644
Juhagic
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June 17, 2016, 04:07:24 PM
 #27

The ETH developers can propose all the hardforks they want. It's still ultimately the miners and users who decide whether to comply or not. It's exactly how a decentralized system works.

The fact he can proves otherwise.

The ETH scam is centralized because of that reason and plenty more.

YOU = RETORT FAIL ..fraud supporter  Roll Eyes

Fraud for profit = Big Bussines (AKA: The Modern DAY Digital Pyramid Scheme)

ETHEREUM is not a crypto-currency it's an ICO scam.

The bags your holding do not change this reality Investards.

Ripple is far superior and better then ETH

It seems the community does not agree with that. The Etheruem is worth many times more than the Ripple.
JessicaG
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June 17, 2016, 04:11:15 PM
 #28

The ETH developers can propose all the hardforks they want. It's still ultimately the miners and users who decide whether to comply or not. It's exactly how a decentralized system works.

Rationalize it all you want , but whether it is the developers pushing the miners or the miners independently deciding on the HF , the end result is the same. This is a HF to seize assets targeted at 1 specific user that was legitimately and legally acquired. Remember in Smart contracts code is law , and the "hacker" was following the law, therefore there was technically no hack and the contracts completed as designed!

THIS needs to be plastered everywhere. Rock the fuck on for being the captain obvious that no one wants to hear right now.

So much agree upon!

+1

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June 17, 2016, 04:27:29 PM
 #29

Well a few days back I thought the future of Ethereum is still in question, but not anymore it's a sure death. Good bye ETH.
anthonydar
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June 17, 2016, 05:36:07 PM
 #30

Well a few days back I thought the future of Ethereum is still in question, but not anymore it's a sure death. Good bye ETH.

If the mining difficulty level decrease 50% in the next 30 days, we can say Ethereum is dead. You should sell your coins.

losh11
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June 17, 2016, 08:28:31 PM
 #31

Agreed. This is not decentralisation.
r3animation
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June 17, 2016, 08:39:13 PM
 #32

Then Bitcoin is not decentralised either. It was hard forked twice.
BitUsher
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June 17, 2016, 08:54:12 PM
 #33

Then Bitcoin is not decentralised either. It was hard forked twice.

This is false. BTC has never been hard Forked , 2010 was a SF and 2013 we simply moved back on the original chain rejecting the HF. The circumstances are quite different as well with completely different ethical issues.
anders lokka
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June 17, 2016, 08:55:04 PM
 #34

ETH is gone and BTC was never hardforked!
Now all jump into btc, to tha moon

I have performed the most faster yobit ico sold out in 29 Minutes.
NEW PROJECT SOON!!!
Croin
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June 17, 2016, 08:57:30 PM
 #35

The DAO project is over. I only hope that DAO won't drag ETH and the entire coin market down the drain.
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June 17, 2016, 09:04:13 PM
 #36

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!

Exactly.  Even if done for "good" reasons today, this proves it can be done for any reason at all.  Got smart contracts the government doesn't like?  Shut it down!

Architect, Anarchist, Numismatist, Crypto-Enthusiast.
64dimensions
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June 17, 2016, 09:06:13 PM
 #37

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.

Isn't Cao also a last name?  So it would also depend on pronunciation?
anders lokka
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June 18, 2016, 08:06:15 AM
 #38

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!

Exactly.  Even if done for "good" reasons today, this proves it can be done for any reason at all.  Got smart contracts the government doesn't like?  Shut it down!

That's finally prove how is CENTRALIZED ethereum. Is a tota FAILED project.
This prove that in future for ANY reason, vitalik could Hard Fork eth.
This is totally not DECETRALIZATIONS!!!

Back to Uncle BTC

I have performed the most faster yobit ico sold out in 29 Minutes.
NEW PROJECT SOON!!!
parmatiya
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June 18, 2016, 09:44:27 AM
 #39

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!

Exactly.  Even if done for "good" reasons today, this proves it can be done for any reason at all.  Got smart contracts the government doesn't like?  Shut it down!

That's finally prove how is CENTRALIZED ethereum. Is a tota FAILED project.
This prove that in future for ANY reason, vitalik could Hard Fork eth.
This is totally not DECETRALIZATIONS!!!

Back to Uncle BTC

Witalik could not Hard Fork eth. We will decide if we let that happen. This is a democratic process. His proposal may not be accepted.

Auponef
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June 20, 2016, 10:37:49 AM
 #40

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!

Exactly.  Even if done for "good" reasons today, this proves it can be done for any reason at all.  Got smart contracts the government doesn't like?  Shut it down!

That's finally prove how is CENTRALIZED ethereum. Is a tota FAILED project.
This prove that in future for ANY reason, vitalik could Hard Fork eth.
This is totally not DECETRALIZATIONS!!!

Back to Uncle BTC

Witalik could not Hard Fork eth. We will decide if we let that happen. This is a democratic process. His proposal may not be accepted.

I saw some Ethereum miners say will not accept the soft fork. So there is a voting going on in the community.
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