I think Ethereum will be finished after this attack

[Juhagic]

If the "attacker" offers to give back majority of the coins back, and he keeps a very small amount, I will oppose the fork.

[iamnotback]

If the "attacker" offers to give back majority of the coins back, and he keeps a very small amount, I will oppose the fork.

So you might as well fork then, because this means for those future attackers that don't comply, you will support a fork. So if you represent the decision of majority hash rate, then no one can trust Ethereum to not 51% attack itself to fork the protocol.

[anthonydar]

So the miners having 51% mining power can decide the fork or any code any way. There is no moral hazard. There is no argument at all. You just need to convince the majority of the miners.

[angaper]

It has dropped to $11's again. Yes, I also think that ethereum is dead, but this is not a good news even for those that have always rejected this altcoin, because this will become a great reference for uncertainty and fragility on this relatively new digital economy.

[iamnotback]

So the miners having 51% mining power can decide the fork or any code any way. There is no moral hazard. There is no argument at all. You just need to convince the majority of the miners.

51% attack taking control of the protocol is not a hazard  

They could decide to increase the number of coins issued, install the ChainAnchor KYC on all transactions, etc..

[philipma1957]

I think Ethereum will be no more among us after this attack, the issues to it will be fixed sooner but i don't think that it will survive for longer , it will die in this year.

Vitalik Buterin did the mistake of his life by pannicking about people panic selling and demanding that exchanges froze the ETH markets... I mean what the FUCK? Think about this for a moment. This is terrible and sets a scary precedent. This would never happen with BTC because everyone knows it would be a disaster.

Wasn't there a bitcoin snafu where it went to 1c briefly because there was a major code problem in early days, like 2011 or 2012?

Yes and this is consistently overlooked by Spoetniktards.

Not the same at all. BTC had a PROTOCOL problem, and BTC was tiny back then, no one even cared. ETH problem is just money being "stolen" (not really since "hacker" just used the contract's code), and marketcap is on the millions of dollars.
When was the last time satoshi told exchanges to freeze all funds? Get real, ETH is fucked, BTC as solid as ever.

you sir do not understand why eth coin has value and will survive this.   Eth coin still mines at a profit and is the cheapest way to mine BTC via simple sell  your mined eth for btc.

please  sir remember that intel, nvidia ,amd all desktop mining industry wants a good gpu mined coin that allows for discounts on your gaming gear.


The only thing I would concede is any gpu coin that turns a mining profit works for the above major companies so if a gpu coin comes out that is better then eth so be it miners will switch.

[iamnotback]

you sir do not understand why eth coin has value and will survive this.   Eth coin still mines at a profit and is the cheapest way to mine BTC via simple sell  your mined eth for btc.

please  sir remember that intel, nvidia ,amd all desktop mining industry wants a good gpu mined coin that allows for discounts on your gaming gear.

The only thing I would concede is any gpu coin that turns a mining profit works for the above major companies so if a gpu coin comes out that is better then eth so be it miners will switch.

Is GPU mining the main reason that ETH has more value than Monero (which is more CPU mining friendly)  

[ebookscreator]

I think its impossible right now ethereum will recover their loses.. the price of ethereum still reducing and more investors are selling their ethereum.. because of dao issue.. If there's a new update from ethereum that they will  fix the problem about the hacking issue.. maybe its the best to buy ethereum right now.. we will wait for new update.. and i think we have a chance again to make a profit with ether...

[LoyceV]

I think Ethereum will be no more among us after this attack, the issues to it will be fixed sooner but i don't think that it will survive for longer , it will die in this year.

Vitalik Buterin did the mistake of his life by pannicking about people panic selling and demanding that exchanges froze the ETH markets... I mean what the FUCK? Think about this for a moment. This is terrible and sets a scary precedent. This would never happen with BTC because everyone knows it would be a disaster.

First time I read about this! Freezing markets happened after the 9/11. It seems a bit excessive to freeze markets for something this unimportant!

https://twitter.com/kristovatlas/status/743855063597121536

Almost 2 years ago exactly, Vericoin (VRC) forked to recover stolen funds
http://www.coindesk.com/bitcoin-protected-vericoin-stolen-mintpal-wallet-breach/

VRC chart since:

A fork takes away all trust. Satoshi's assumption is that miners are rational, so they won't do things that hurt them. If miners can fork for this, they can also do it to take funds from someone else.

[leopard2]

Holy cow, almost every altcoin has a chart like that, it means nothing...

[BitUsher]

Holy cow, almost every altcoin has a chart like that, it means nothing...

Yes, but the key difference is the tinning(immediately after) and the degree of immediate drop off which is unique.

It is very naive to assume there is no correlation , especially when Vericoin users themselves expressed many grievances by this rollback.

[baomuydtab34261]

I think its impossible right now ethereum will recover their loses.. the price of ethereum still reducing and more investors are selling their ethereum.. because of dao issue.. If there's a new update from ethereum that they will  fix the problem about the hacking issue.. maybe its the best to buy ethereum right now.. we will wait for new update.. and i think we have a chance again to make a profit with ether...

I agree with the mean about the attack, now, we should wait the team to fix the problem about the hacking issue, this will be a best chance to buy ETH. now,i will use BTC to buy some ETH.

[IOTUSA]

No matter outcome Ethereum is dead. If they fork, the smart contracts are worthless, if they don't the hacker owns enough coins to destroy the coin. GG, no re.

[The Sceptical Chymist]

Well the price is 0.015 at Yobit, which is what, $11.25?  That's not bad.  True, it's dropped from 0.028 but it's not dead by a long shot.  I'm watching it for entertainment though.

[iamnotback]

Well the price is 0.015 at Yobit, which is what, $11.25?  That's not bad.  True, it's dropped from 0.028 but it's not dead by a long shot.  I'm watching it for entertainment though.

What can't die, must live.

[walter3211]

Ethereum's platform has done nothing wrong. It is the issule of the DAO's codes. Traders are not thinking rationally.

[electronicash]

Ethereum's platform has done nothing wrong. It is the issule of the DAO's codes. Traders are not thinking rationally.

Exactly. its not ETH's fault. It shoulld be an easy money for you if you buy more ETH this time. it has proven to be a great system and will be back sooner.
its cheaper now so it must be a good time to buy.

[Spoetnik]

Ethereum's platform has done nothing wrong. It is the issule of the DAO's codes. Traders are not thinking rationally.

They were not thinking rationally when they bought into the USELESS scam coin in the first place.
And seeing some of them cash out & run is the first sign of intelligence i have seen around here in ages.
..you all gettin' smart on me ? 

Done handing this scrawny little mETH head MILLIONS in YOUR Money ?

[bones261]

Ethereum's platform has done nothing wrong. It is the issule of the DAO's codes. Traders are not thinking rationally.

Exactly. its not ETH's fault. It shoulld be an easy money for you if you buy more ETH this time. it has proven to be a great system and will be back sooner.
its cheaper now so it must be a good time to buy.

Oh yes, the Ethereum foundation had absolutely nothing to do with the Dao.   This was Stephan Tual's baby, and he was the former CCO of the Ethereum Foundation. And look at who all the curators are. Yeah, the Ethereum foundation had nothing to do with creating this Frankentoken.  
Wonder who benefited when ETH reached it's all time high, while people were buying up ETH to get involved in this new and exciting experiment?

[maxsinner]

Ethereum will not be finished, because people are greedy, stupid and gullible. What most people don't get it that ETH was already in a bubble before all this happened. I know for sure I am not touching ETH again. And not because of the technology, but because the people behind it seam to think they can get away with anything and that the purpose of the whole thing is to make Vitalik and Co billionaires.