Whoa! Hard forks are BAD!

[RawDog]

In a crypto scheme - if the community 'decides' it doesn't like a transaction they can just hard fork away.  What kind of network is that?  NXT did it.  Now Ethereum is going to do it.  Do you think Bitcoin could similarly negate a valid transaction someday just because many in the community didn't like the basis of some transaction?  Crypto might not be nearly as decentralized as everyone keeps saying. 

Ethereum should just let contract author that screw up take the hit.  One day the Bitcoin community is going to face this same problem.  I wonder how it will unfold. 

[pedrog]

Bitcoin did it first.

https://bitcointalk.org/index.php?topic=702755.0

[tokeweed]

I think Vitalik Buterin is in a dilemma.  If he does the hard fork, that would be frowned upon and many would view Ethereum as some sort of joke for doing it.  On the other hand if they don't, it's like the Ethereum version of getting goxxed, which also would make the people view it as some sort of joke.

But yeah, I agree.  The hard fork should be a no go.  Though I feel for the investors.  I hope they find another solution and get their funds back.  

And here on forth, the whole crypto community will have a field day everytime this historic hack is remembered.  Imagine if the hacker actually gets all 11M ETH.  Jesus that's a lot.

[gravitate]

god damn I cant believe you guys think that the hard fork should not happen. If it doesnt all crypto will suffer dramatically. the DAO is center of attention through out the world if it fails then people will think crypto is a waste of time piece of shit.

Lose 150 million do you REALLY think people will invest again? LOL

[Foxpup]

Bitcoin did it first.

https://bitcointalk.org/index.php?topic=702755.0

Those were required due to massive (network-breaking) bugs in Bitcoin itself, not because people put their money into an insecure third-party application which then was exploited to send said money to the attacker. The latter has happened many, many times in Bitcoin and nobody has ever seriously suggested a hardfork or rolling back the attacker's transactions, because Bitcoin developers, miners, and users all know that it would completely destroy everybody else's faith in the system. One must ask why those involved in Ethereum don't seem to know that.

[Bitware]

This is nothing more than Ethereum core developers picking the winners and losers. It's best to stay far away from Ethereum. It can not be trusted.

[tokeweed]

god damn I cant believe you guys think that the hard fork should not happen. If it doesnt all crypto will suffer dramatically. the DAO is center of attention through out the world if it fails then people will think crypto is a waste of time piece of shit.

After what happened?  It kinda is.  Tual confirmed that they will be turning it to a withdraw only contract.

Lose 150 million do you REALLY think people will invest again? LOL

Either way, the people will most likely think twice. 

The next few days, I'm thinking the mainstream media will have a field day with this.  The Ethereum bashers will have their opportunity of saying 'I told you so'.  And the returned funds from the DAO could be dumped by the investors.

[pedrog]

It is expected that new technologies, new software to have bugs, I don't see all the drama in reversing the transaction, if people involved agree, or a majority of the people involved agree with this, better then let another theft unpunished, it's away to common in cryptoland.

[tokeweed]

It is expected that new technologies, new software to have bugs, I don't see all the drama in reversing the transaction, if people involved agree, or a majority of the people involved agree with this, better then let another theft unpunished, it's away to common in cryptoland.

I don't think it's as simple as you may want it to appear to be.  The implications of going either way is huge.  Only time can tell how Ethereum is going to be perceived by the serious players in crypto whatever route they take.

[Yanisumin]

I think Vitalik Buterin is in a dilemma.  If he does the hard fork, that would be frowned upon and many would view Ethereum as some sort of joke for doing it.  On the other hand if they don't, it's like the Ethereum version of getting goxxed, which also would make the people view it as some sort of joke.

But yeah, I agree.  The hard fork should be a no go.  Though I feel for the investors.  I hope they find another solution and get their funds back.  

And here on forth, the whole crypto community will have a field day everytime this historic hack is remembered.  Imagine if the hacker actually gets all 11M ETH.  Jesus that's a lot.

From the https://bitcointalk.org/index.php?topic=702755.0
8th August 2010 - 92 billion BTC into existence.

That problem was solved and bitcoin is better than ever.

[primer-]

From the https://bitcointalk.org/index.php?topic=702755.0
8th August 2010 - 92 billion BTC into existence.

That problem was solved and bitcoin is better than ever.

 

Ethereum haters gonna hate...

/endthread

[pedrog]

It is expected that new technologies, new software to have bugs, I don't see all the drama in reversing the transaction, if people involved agree, or a majority of the people involved agree with this, better then let another theft unpunished, it's away to common in cryptoland.

I don't think it's as simple as you may want it to appear to be.  The implications of going either way is huge.  Only time can tell how Ethereum is going to be perceived by the serious players in crypto whatever route they take.

Agree, my opinion from the beginning is this DAO should have never accepted that kind of money, I think even the initial goal of 500k was too high.

Now, whichever route is taken will make damage.

[pawel7777]

I think Vitalik Buterin is in a dilemma.  If he does the hard fork...

Looks like he went for the soft fork not the hard fork:

https://www.reddit.com/r/ethereum/comments/4oj7ql/personal_statement_regarding_the_fork/

I personally believe that the soft fork that has been proposed to lock up the ether inside the DAO to block the attack is, on balance, a good idea...

[raphma]

they got hacked, that's enough to make people stop invest in this idea(at least for now).
With fork or without fork, they are already screwed up.

[BillyBobZorton]

Bitcoin did it first.

https://bitcointalk.org/index.php?topic=702755.0

Not the same. I have yet to see Satoshi Nakamoto create a Reddit thread demanding that exchanges stop all BTC paired markets immediately.
The truth is, ETH is in deep shit only 1 year after existing, BTC is 7+ years old and looking as solid as ever.

[MicroGuy]

In a crypto scheme - if the community 'decides' it doesn't like a transaction they can just hard fork away.  What kind of network is that?  NXT did it.  Now Ethereum is going to do it.  Do you think Bitcoin could similarly negate a valid transaction someday just because many in the community didn't like the basis of some transaction?  Crypto might not be nearly as decentralized as everyone keeps saying.  

Already in progress ... https://news.bitcoin.com/theymos-bitcoins-satoshi-destroyed/

~~

[Alley]

Core can take as much time as they need testing segwit.  We dont want a eth type hack.

[Dobmaster]

Core can take as much time as they need testing segwit.  We dont want a eth type hack.

They can take many years to test the segwit. But we need to increase the block size soon if you want people to use bitcoin.

[rizzlarolla]

god damn I cant believe you guys think that the hard fork should not happen. If it doesnt all crypto will suffer dramatically. the DAO is center of attention through out the world if it fails then people will think crypto is a waste of time piece of shit.

Lose 150 million do you REALLY think people will invest again? LOL

Nothing to do with bitcoin.
Yeah, in the next "better than bitcoin" crowd fund.

Though I feel for the investors gamblers.

FTFY. Sorry.

Core can take as much time as they need testing segwit.  We dont want a eth type hack.

I agree. The more time the better.

In the meantime, any ideas?

[Kprawn]

There are lessons to be learn from this, for all the big block supporter, who wants to run into a Hard fork to increase the Block size for Bitcoin. You do not gamble with the wealth of people, if they invested

Billions into it... You also need to consider that many businesses already built their whole model on top of Bitcoin and if Bitcoin fails, these businesses will also fail, putting a lot of people out of work and also

increasing unemployment. Take baby steps before you run... in the mean time, kick the can down the road.