DAO being dissolved - what do you think people will do with all that ETH

[SwedishGirl]

So Stephen Tual confirmed The DAO is getting turned into a withdraw only contract. What do you think people will do when they finally get their ETH from the DAO? Hodl? I don't think so.

[ATA Group]

By hardforking ETH they are only going down the drain along with DAO.

[scv00]

How long will it be until everyone can withdraw their eth? I don't know for sure what will happen, but if everyone can withdraw at the same time there could be a dump as the hack is a disturbing event in the eth ecosystem.

[onemd]

How long will it be until everyone can withdraw their eth? I don't know for sure what will happen, but if everyone can withdraw at the same time there could be a dump as the hack is a disturbing event in the eth ecosystem.

If the DAO is dissolved, lots of Etheruem will flood the market, so the Ethereum price will drop a lot as a result.

[SwedishGirl]

How long will it be until everyone can withdraw their eth? I don't know for sure what will happen, but if everyone can withdraw at the same time there could be a dump as the hack is a disturbing event in the eth ecosystem.

If the DAO is dissolved, lots of Etheruem will flood the market, so the Ethereum price will drop a lot as a result.

I fully agree, not sure why people don't see this.

[spartacusrex]

So.. now 'they' are going to 'convert' (shutdown) DAO into a simple contract that allows you to withdraw your funds and nothing more..

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

How in 'Holy Hell' are they able to completely rewrite the ETH code when it was meant to be a  completely Decentralised Autonomous Organisation.. !?

I just don't get it..

Me thinks someone has more power over this DAO than they should have.. or anyone thought they would have.

How. Is. Possible..

[onemd]

How long will it be until everyone can withdraw their eth? I don't know for sure what will happen, but if everyone can withdraw at the same time there could be a dump as the hack is a disturbing event in the eth ecosystem.

If the DAO is dissolved, lots of Etheruem will flood the market, so the Ethereum price will drop a lot as a result.

I fully agree, not sure why people don't see this.

Maybe the miners should opt for the soft fork, but not the hard fork to lock the 3.6 million eth forever and reduce the supply.

[sildyas]

How long will it be until everyone can withdraw their eth? I don't know for sure what will happen, but if everyone can withdraw at the same time there could be a dump as the hack is a disturbing event in the eth ecosystem.

If the DAO is dissolved, lots of Etheruem will flood the market, so the Ethereum price will drop a lot as a result.

I fully agree, not sure why people don't see this.

Maybe the miners should opt for the soft fork, but not the hard fork to lock the 3.6 million eth forever and reduce the supply.

I am not sure about that. Is that morally right? You confiscate the stolen goods but do not return to the owner.

[Minecache]

How long will it be until everyone can withdraw their eth? I don't know for sure what will happen, but if everyone can withdraw at the same time there could be a dump as the hack is a disturbing event in the eth ecosystem.

If the DAO is dissolved, lots of Etheruem will flood the market, so the Ethereum price will drop a lot as a result.

I fully agree, not sure why people don't see this.

Maybe the miners should opt for the soft fork, but not the hard fork to lock the 3.6 million eth forever and reduce the supply.

I am not sure about that. Is that morally right? You confiscate the stolen goods but do not return to the owner.

What? Like the DAO attacker holds the moral right? I'd rather a soft fork so the stolen coins are taken out of circulation than just left for the attacker to spend.

[Seggbek Ur]

Hard fork it, Vitalik baby!

[RastMan]

How long will it be until everyone can withdraw their eth? I don't know for sure what will happen, but if everyone can withdraw at the same time there could be a dump as the hack is a disturbing event in the eth ecosystem.

If the DAO is dissolved, lots of Etheruem will flood the market, so the Ethereum price will drop a lot as a result.

I fully agree, not sure why people don't see this.

Maybe the miners should opt for the soft fork, but not the hard fork to lock the 3.6 million eth forever and reduce the supply.

I am not sure about that. Is that morally right? You confiscate the stolen goods but do not return to the owner.

What? Like the DAO attacker holds the moral right? I'd rather a soft fork so the stolen coins are taken out of circulation than just left for the attacker to spend.

It seems 20% of the miners in the ethpool.org do not agree with that. They do not think taking 4% etherum out of circulation is a good idea.
http://ethpool.org/stats/votes

[iamnotback]

It seems 20% of the miners in the ethpool.org do not agree with that. They do not think taking 4% etherum out of circulation is a good idea.
http://ethpool.org/stats/votes

The "attacker" is winning. That was much less than 20% when I looked it a few hours ago.

Nobody in the DAO will ever get their tokens back.

Checkmate.

[Minecache]

It seems 20% of the miners in the ethpool.org do not agree with that. They do not think taking 4% etherum out of circulation is a good idea.
http://ethpool.org/stats/votes

The "attacker" is winning. That was much less than 20% when I looked it a few hours ago.

Nobody in the DAO will ever get their tokens back.

Checkmate.

Personally it's less about getting it back more denying the attacker. After all most people invested into the DAO the gains they made from the ETH ico.

[onemd]

It seems 20% of the miners in the ethpool.org do not agree with that. They do not think taking 4% etherum out of circulation is a good idea.
http://ethpool.org/stats/votes

The "attacker" is winning. That was much less than 20% when I looked it a few hours ago.

Nobody in the DAO will ever get their tokens back.

Checkmate.

If nobody including the thief will get the DAO or Ethereum back, it will increase the remaining Ethereum by 10%.

[fedmahnkassad]

The only reason why ETH is pumping at the moment is that those ~14% of the supply are still out of circulation. Once they get back to exchanges... oh, boy.

[onemd]

The only reason why ETH is pumping at the moment is that those ~14% of the supply are still out of circulation. Once they get back to exchanges... oh, boy.

That is my worry as well. So the Ethereum community has to find some good application to lock the eth again.

[manselr]

For all I know, im still trying to understand how in the hell is ETH and DAO going up while BTC is going down. This makes absolutely 0 sense no matter how you look at it.

[Minecache]

For all I know, im still trying to understand how in the hell is ETH and DAO going up while BTC is going down. This makes absolutely 0 sense no matter how you look at it.

BTC is currently undergoing a repeated hack on bitfinex. Hardly surprising people are dumping it.

[Spoetnik]

moronic ethereum shilltard babble..

I'd rather you STFU and Ethereum be dissolved & shut down.
We all have had enough of the irritating mETH heads and their scammy bullshit around here.

[smartcomet]

https://www.reddit.com/r/ethereum/comments/4p7mhc/update_on_the_white_hat_attack/

soft fork maybe.