I think Ethereum will be finished after this attack

[Juhagic]

You heard wrong. They attempted to dump all the ETC to buy ETH and use that to fund development on the forked chain. The exchanges Poloniex and Kraken now have frozen some of those funds.

The white hat hacking group actually has connections with the Ethereum foundation. Now they have Swiss lawyers involved in the return of the funds. That is bad news for the DAO holders because they might lawyer their way from giving the funds back to the actual owners.

Why did they not return the funds right away?

I think they want to influence the price of the ETH and ETC. But that is just my speculation, not necessary true.

According to the statements from the white hats, they will find a way to return the funds. There is no mention of the black hat yet.

[1715188663]

1715188663

[1715188663]

1715188663

[lanslans]

TODAY the Merkle ran with...
White Hat Hackers Caught Red-handed During Attempted ETC Sell-off

"After the funds were recovered by the white hat hackers, some transactions were sent to exchange wallets  This caused a lot of speculation among Ethereum Classic enthusiasts, as there was no official explanation for doing so. Moreover, the ETC price saw a significant decline, which seemed to indicate the funds was being sold-off by these “trustworthy” individuals."

http://themerkle.com/white-hat-hackers-caught-red-handed-during-attempted-etc-sell-off/

If they sell the ETC and send the funds to the Ethereum Classic, then it is good. Any way, they should be able to do whatever they want.

so the real ethereum is etc? i think etc unstable for now 

[bbc.reporter]

Do not buy ETC. It is not for you. Better for you to buy ETH if you think that is more stable.

[Kaller]

he White Hats and DAO Wars: Behind the Scenes

The actions of the White Hat Group (WHG) have been shrouded in mystery and it is time for this once-necessary precaution to come to an end. Transparency matters to all of us. Previously, it was deemed unwise for the WHG to elaborate on the details of the situation while the salvage operation was unfolding, to prevent new and old attackers from knowing their movements to better understand how to attack DAOs. Now that the community is questioning their actions and intentions, we, at Bity, feel it is necessary to share the details of what the WHG has been dealing and living with over the last few weeks.

https://blog.bity.com/2016/08/13/the-white-hats-and-dao-wars-behind-the-scenes/

[Juhagic]

he White Hats and DAO Wars: Behind the Scenes

The actions of the White Hat Group (WHG) have been shrouded in mystery and it is time for this once-necessary precaution to come to an end. Transparency matters to all of us. Previously, it was deemed unwise for the WHG to elaborate on the details of the situation while the salvage operation was unfolding, to prevent new and old attackers from knowing their movements to better understand how to attack DAOs. Now that the community is questioning their actions and intentions, we, at Bity, feel it is necessary to share the details of what the WHG has been dealing and living with over the last few weeks.

https://blog.bity.com/2016/08/13/the-white-hats-and-dao-wars-behind-the-scenes/

So the white hat will return the ETC to the original holders. If the black hat also returns the stolen funds, it is better.

[Kaller]

he White Hats and DAO Wars: Behind the Scenes

The actions of the White Hat Group (WHG) have been shrouded in mystery and it is time for this once-necessary precaution to come to an end. Transparency matters to all of us. Previously, it was deemed unwise for the WHG to elaborate on the details of the situation while the salvage operation was unfolding, to prevent new and old attackers from knowing their movements to better understand how to attack DAOs. Now that the community is questioning their actions and intentions, we, at Bity, feel it is necessary to share the details of what the WHG has been dealing and living with over the last few weeks.

https://blog.bity.com/2016/08/13/the-white-hats-and-dao-wars-behind-the-scenes/

So the white hat will return the ETC to the original holders. If the black hat also returns the stolen funds, it is better.

If the DAO hacker also return the funds and compensate to the loss of the Ethereum holders due to his action, the price will rise.

[bbc.reporter]

he White Hats and DAO Wars: Behind the Scenes

The actions of the White Hat Group (WHG) have been shrouded in mystery and it is time for this once-necessary precaution to come to an end. Transparency matters to all of us. Previously, it was deemed unwise for the WHG to elaborate on the details of the situation while the salvage operation was unfolding, to prevent new and old attackers from knowing their movements to better understand how to attack DAOs. Now that the community is questioning their actions and intentions, we, at Bity, feel it is necessary to share the details of what the WHG has been dealing and living with over the last few weeks.

https://blog.bity.com/2016/08/13/the-white-hats-and-dao-wars-behind-the-scenes/

So the white hat will return the ETC to the original holders. If the black hat also returns the stolen funds, it is better.

I doubt it will be that simple. The white hat hacking group which is comprised of slock.it developers and ethereum foundation developers has already hired lawyers to "help" them figure out a way to properly return the ETC. These same lawyers they hired are not a neutral party but it is actually their legal partner when they created the DAO.

Read the whole story.

https://medium.com/@jackfru1t/the-robin-hood-group-and-etc-bdc6a0c111c3#.jgy1h5vfg

[Juhagic]

he White Hats and DAO Wars: Behind the Scenes

The actions of the White Hat Group (WHG) have been shrouded in mystery and it is time for this once-necessary precaution to come to an end. Transparency matters to all of us. Previously, it was deemed unwise for the WHG to elaborate on the details of the situation while the salvage operation was unfolding, to prevent new and old attackers from knowing their movements to better understand how to attack DAOs. Now that the community is questioning their actions and intentions, we, at Bity, feel it is necessary to share the details of what the WHG has been dealing and living with over the last few weeks.

https://blog.bity.com/2016/08/13/the-white-hats-and-dao-wars-behind-the-scenes/

So the white hat will return the ETC to the original holders. If the black hat also returns the stolen funds, it is better.

I doubt it will be that simple. The white hat hacking group which is comprised of slock.it developers and ethereum foundation developers has already hired lawyers to "help" them figure out a way to properly return the ETC. These same lawyers they hired are not a neutral party but it is actually their legal partner when they created the DAO.

Read the whole story.

https://medium.com/@jackfru1t/the-robin-hood-group-and-etc-bdc6a0c111c3#.jgy1h5vfg

If the return of the ETC is delayed, that could be a good news. That might mean there will be few ETC to be dumped.

[dmarine]

I think you're overreacting, but I agree that the hardfork was unnecessary.

[SmirkinPepe]

http://www.bitcoinerrorlog.com/2016/08/16/vitaliks-quantum-quest/

[dumada]

I think you're overreacting, but I agree that the hardfork was unnecessary.

We shall know that if the hard fork is necessary in the next few weeks when the DAO hacker has access to the stolen ETC.

[socks435]

I think its already been done and finished attack by hackers.. because the price of ethereum still stay at $11 usd and i think there is possibility that the price will increase again more.. we know coinbase has eth right now.

[Mastercon]

I think its already been done and finished attack by hackers.. because the price of ethereum still stay at $11 usd and i think there is possibility that the price will increase again more.. we know coinbase has eth right now.

The price of Ethereum will not rise before we know the fate of the ETC after the DAO hacker got access to the ETC.

[varusisog]

I think its already been done and finished attack by hackers.. because the price of ethereum still stay at $11 usd and i think there is possibility that the price will increase again more.. we know coinbase has eth right now.

The price of Ethereum will not rise before we know the fate of the ETC after the DAO hacker got access to the ETC.

That is right. It will take some time for us to know if the DAO hacker will or has dump the coins. It is better to wait.

[roselee]

TODAY the Merkle ran with...
White Hat Hackers Caught Red-handed During Attempted ETC Sell-off

"After the funds were recovered by the white hat hackers, some transactions were sent to exchange wallets  This caused a lot of speculation among Ethereum Classic enthusiasts, as there was no official explanation for doing so. Moreover, the ETC price saw a significant decline, which seemed to indicate the funds was being sold-off by these “trustworthy” individuals."

http://themerkle.com/white-hat-hackers-caught-red-handed-during-attempted-etc-sell-off/

If they sell the ETC and send the funds to the Ethereum Classic, then it is good. Any way, they should be able to do whatever they want.

so the real ethereum is etc? i think etc unstable for now 

just have a look here some links

Wallets here: 
Ethereum Classic Mist Wallet - 0.8.1 (1.4.10 go-ethereum) by whatisgravity
https://github.com/ethereumproject/mist/releases/tag/5cbe0c0
Get new "etc only" geth node here https://github.com/ethereumproject/go-ethereum/releases/tag/6aaf5f3

New
Light Client-Side Wallet by elaine
So no need to download the blockchain https://elaineo.github.io/etherwallet/#generate-wallet
Send with Replay Protection on the light wallet https://elaineo.github.io/etherwallet/#replay-protection

Mining pools that are know good payers  https://etc.suprnova.cc/ or  http://epool.io/#/ or  https://etc.nanopool.org/
other pools are available, (please help others and tell us the good from the bad)

Solo Mining How-to for Windows  on bottom of page 191 of this thread
https://bitcointalk.org/index.php?topic=1559630.3800

Network Hashrate is 654.9 GH/s   http://fork.ethstats.net/
Mining Profit Calculator  https://www.whattomine.com/

Additional Tools
Official Block Explorer  http://blocks.elaineou.com/home

New
Ethereum Classic website   https://ethereumclassic.github.io/
Now with links to the New ETHEREUM CLASSIC FORUM, just follow “SOCIAL LINK” on the Ethereum Classic Website


Come aboard, All miners are Welcome!
Please watch this video & try to begin to understand how you can help scale this project. 
https://www.youtube.com/watch?feature=youtu.be&v=8oeiOeDq_Nc

Follow the progress of the 12 Person Dev team & The Bomb Disposal Squad here: https://trello.com/etcdev
We have 100+ volunteer coders https://github.com/ethereumproject/volunteer/tree/master/Key   
700 on slack https://ethereumclassic.slack.com/messages/development/
And World support from many miners like Chandler Guo https://www.youtube.com/watch?v=Vgz7k5iTGkI

[dumada]

TODAY the Merkle ran with...
White Hat Hackers Caught Red-handed During Attempted ETC Sell-off

"After the funds were recovered by the white hat hackers, some transactions were sent to exchange wallets  This caused a lot of speculation among Ethereum Classic enthusiasts, as there was no official explanation for doing so. Moreover, the ETC price saw a significant decline, which seemed to indicate the funds was being sold-off by these “trustworthy” individuals."

http://themerkle.com/white-hat-hackers-caught-red-handed-during-attempted-etc-sell-off/

If they sell the ETC and send the funds to the Ethereum Classic, then it is good. Any way, they should be able to do whatever they want.

so the real ethereum is etc? i think etc unstable for now 

We will not know the real Ethereum in the near future. It is possible one of the Ethereum will be dead. The remaining one will be the real one.

[doriangray]

TODAY the Merkle ran with...
White Hat Hackers Caught Red-handed During Attempted ETC Sell-off

"After the funds were recovered by the white hat hackers, some transactions were sent to exchange wallets  This caused a lot of speculation among Ethereum Classic enthusiasts, as there was no official explanation for doing so. Moreover, the ETC price saw a significant decline, which seemed to indicate the funds was being sold-off by these “trustworthy” individuals."

http://themerkle.com/white-hat-hackers-caught-red-handed-during-attempted-etc-sell-off/

If they sell the ETC and send the funds to the Ethereum Classic, then it is good. Any way, they should be able to do whatever they want.

so the real ethereum is etc? i think etc unstable for now 

We will not know the real Ethereum in the near future. It is possible one of the Ethereum will be dead. The remaining one will be the real one.

ETH and ETC will stay side by side, both of them almost on an equal footing.

[danherbias07]

TODAY the Merkle ran with...
White Hat Hackers Caught Red-handed During Attempted ETC Sell-off

"After the funds were recovered by the white hat hackers, some transactions were sent to exchange wallets  This caused a lot of speculation among Ethereum Classic enthusiasts, as there was no official explanation for doing so. Moreover, the ETC price saw a significant decline, which seemed to indicate the funds was being sold-off by these “trustworthy” individuals."

http://themerkle.com/white-hat-hackers-caught-red-handed-during-attempted-etc-sell-off/

If they sell the ETC and send the funds to the Ethereum Classic, then it is good. Any way, they should be able to do whatever they want.

so the real ethereum is etc? i think etc unstable for now 

We will not know the real Ethereum in the near future. It is possible one of the Ethereum will be dead. The remaining one will be the real one.

ETH and ETC will stay side by side, both of them almost on an equal footing.

So why create ETC if ETH can fight on its own. Saying this is the original one. So you have been putting your trust in one hell of a fake coin. One thing I am sure. Yes ETC will survive but I dont know about ETH. It is really fishy.

[varusisog]

TODAY the Merkle ran with...
White Hat Hackers Caught Red-handed During Attempted ETC Sell-off

"After the funds were recovered by the white hat hackers, some transactions were sent to exchange wallets  This caused a lot of speculation among Ethereum Classic enthusiasts, as there was no official explanation for doing so. Moreover, the ETC price saw a significant decline, which seemed to indicate the funds was being sold-off by these “trustworthy” individuals."

http://themerkle.com/white-hat-hackers-caught-red-handed-during-attempted-etc-sell-off/

If they sell the ETC and send the funds to the Ethereum Classic, then it is good. Any way, they should be able to do whatever they want.

so the real ethereum is etc? i think etc unstable for now 

We will not know the real Ethereum in the near future. It is possible one of the Ethereum will be dead. The remaining one will be the real one.

ETH and ETC will stay side by side, both of them almost on an equal footing.

So why create ETC if ETH can fight on its own. Saying this is the original one. So you have been putting your trust in one hell of a fake coin. One thing I am sure. Yes ETC will survive but I dont know about ETH. It is really fishy.

It does not matter which one is the original. The one supported by the most of the people will be the major one.

[Juhagic]

ETH and ETC will stay side by side, both of them almost on an equal footing.

They might live together for the short term. But in the long term, only the one supported by big community will survive.