ETH = Game Over

[CryR]

Ethereum never was a "coin". This DAO For me was a Scam to take all ethers since the start.
I have no doubt it was an inside Job.

[NattyLiteCoin]

@Blazin8888

Workin' together ? LOL

..ya me & Berni Madoff want to put out an ICO scheme you on-board bro ?

mad ROI all around bruh !

And please guys stop with this whole "Active Development" bullshit.
Don't sit there and pretend an ICO scam is "Legit" busy they are "working on it"
..that is just silly bullshit that does NOT prove it's legit in any way !

Take for example the old school Pyramid Schemes that have gone on around the world for ages.
People worked damn hard on those seriously.. go look them up and see.

Get it ?
..or still playin' dumb ?


EDIT:
And if this "Active Development" was so shit hot why did they get hacked and we see the price tanking ?
..yeah some real fine "code" there LOL

After drinking all night, this post is an absolute marvel to read at 645

[Spoetnik]

You're trying too hard to dismiss Ethereum. While there is some truth to your claims, look at your yard. Bitcoin is even greater mess than Ethereum. As far as I'm concerned, Ethereum's gonna break the Bitcoin's market cap in few months.

..

Over me and my Penguin FUD army's dead body !

[killerjoegreece]

You're trying too hard to dismiss Ethereum. While there is some truth to your claims, look at your yard. Bitcoin is even greater mess than Ethereum. As far as I'm concerned, Ethereum's gonna break the Bitcoin's market cap in few months.

..

Over me and my Penguin FUD army's dead body !

these penguins are ready for battle anytime now.

[Spoetnik]

ETH is Dead !

My Troops are prepared and TODAY WE BATTLE !



Join the resistance or be slain by the victors !

[warr1979]

this is not the first time this type of BS has happened.

Vericoin was one of the earlier ones if not the first to implement a HF to get stolen coins back.

Talk about central planning.

The Vericoin thing was down to the Mintpal hack, wasn't it? And the coin kinda died when they rolled the blocks back.

The worst thing about the DAO hack is that they knew about the problem last year and didn't fix it. If they'd mended it before they raised all that money, all would be well. Whose idea was it to give the fix a low priority?

Minpal was HACKED which led to 8 million vericoin being stolen from a hot wallet.  It was not shitty code written by developers who apparently knew for a year and didn't do anything about it!! Also the developers of vericoin have spent two years developing PoS with PoST so if a mintpal type of hack ever happens again they can not control the coin, like they could with having over 50% of the hash rate. https://twitter.com/effectsToCause/status/743890800048750592

Also coming soon to vericoin is Verium which much like gold will be a commodity for Vericoin and further protect and enhance the coin!! 

https://www.vericoinforums.com/threads/verium-pow-as-commodity-not-a-currency.1289/

[Spoetnik]

Where do you all think these bad dev's from before that got hacked went ?

They made new coins then cried..

ETH = DEAD

[Minecache]

Where do you all think these bad dev's from before that got hacked went ?

They made new coins then cried..

ETH = DEAD

You're the tard spreading lies and FUD. Classy nice guy ain't yah. Nope.

[Spoetnik]

You're the tard spreading lies and FUD. Classy nice guy ain't yah. Nope.

I am not a nice guy ..i am your worst nightmare mETH head !

GAME OVER
(Insert Coin)

PS:

$ 12.40 (-25.79 %)

STILL Dropping ROFL 

[iamnotback]

Every dog spœds has its day.

Enjoy it while it lasts, because tomorrow will bring a new wave attack of mETH zombies.

[worldtreasurefinders]

Here at the forums we're on top of this news and follow it closely, but the outside investment community is still learning about this, digesting it, and is yet to fully react.  ETH will definitely trend lower for the next week or so, and then at the 21 day mark when the child DAO either is released or is forcibly stopped, either way on that day those still holding their ETH will dump anew. 

Even if you still believe in ETH, stay away for the next month or so until this all fleshes out.  Markets hate uncertainty, and ETH is nothing but uncertain right now.

[thejaytiesto]

Excellent writeup. To be honest, ETH has no chances to ever fully recover. Sure, you can expect the price to go up and down for a while, since there is a lot of people involved with deep pockets, but in the long run the thing is done for. Vitalik is acting as if he was Ben Bernanke with all that "hey guys, stop the exchanges" insanity. This is just too deep of a fuckup to recover. I just hope that everyone was able to sold their ETH on Poloniex before it got locked.

[kingorbust]

Excellent writeup. To be honest, ETH has no chances to ever fully recover. Sure, you can expect the price to go up and down for a while, since there is a lot of people involved with deep pockets, but in the long run the thing is done for. Vitalik is acting as if he was Ben Bernanke with all that "hey guys, stop the exchanges" insanity. This is just too deep of a fuckup to recover. I just hope that everyone was able to sold their ETH on Poloniex before it got locked.

I thought the problem was DAO, not ETH. That's like blaming dollar as a currency if some big bank or investment using dollars fails. Sure, it will hurt in the short term but in the long term, why not go up again? BTC has recovered nicely from the same disasters in the past. Mt. Gox hack was 10x worse than this, no, and here wee see BTC climbing to 1000 again. One has to have balls to buy ETH now but it will probably make many people earn lots of money buying cheap ETH now.

[Bemerand]

Excellent writeup. To be honest, ETH has no chances to ever fully recover. Sure, you can expect the price to go up and down for a while, since there is a lot of people involved with deep pockets, but in the long run the thing is done for. Vitalik is acting as if he was Ben Bernanke with all that "hey guys, stop the exchanges" insanity. This is just too deep of a fuckup to recover. I just hope that everyone was able to sold their ETH on Poloniex before it got locked.

You said you hope "veryone was able to sold their ETH on Poloniex before it got locked." So what about the buyers?

[bones261]

Excellent writeup. To be honest, ETH has no chances to ever fully recover. Sure, you can expect the price to go up and down for a while, since there is a lot of people involved with deep pockets, but in the long run the thing is done for. Vitalik is acting as if he was Ben Bernanke with all that "hey guys, stop the exchanges" insanity. This is just too deep of a fuckup to recover. I just hope that everyone was able to sold their ETH on Poloniex before it got locked.

I thought the problem was DAO, not ETH. That's like blaming dollar as a currency if some big bank or investment using dollars fails. Sure, it will hurt in the short term but in the long term, why not go up again? BTC has recovered nicely from the same disasters in the past. Mt. Gox hack was 10x worse than this, no, and here wee see BTC climbing to 1000 again. One has to have balls to buy ETH now but it will probably make many people earn lots of money buying cheap ETH now.

Just check out their list of curators. Recognize anyone? 

[wwdz99]

DAO has been hacked/exploited, and Ethereum is rapidly losing trust in their developers, as they want to introduce an ETH hardfork to reverse the hack. What a wonderful decentralized currency where a few people decide what happens and the entire network is subjugated to the decisions of a few. Not to mention Ethereum already has big blockchain, soon ethereum will turn into a centralized bank , if it doesnt die before that.

Here are a few important things:

1) 20 second block timer with average blocksize = 89 Kb, that means that the blockchain grows 375 Mb /day.

The ETH blockchain in 2 years will be bigger by 264 Gb +-

The ETH nodes will start dissapearing pretty quickly with that size, because the reindexing and all other operations you need to perform when you download and update a node, will take far too long for anyone to bother.

Soon only a few datacenters will be able to operate ETH.

2) The development is wreckless, they spend more time on going to PR events than to actually engineer the code well, first wallet softwares were buggy as hell, took years to sync, which is fair because bitcoin was buggy also at first. However instead of promoting a buggy as hell client, they should have focused on development first and then marketing.

3) Ethereum is too complex, and the more complex something is, the more attack surfaces it has. An ideal cryptocurrency has to be simple and secure. And ETH has many more 0 day bugs that we dont know of yet, so this wont be the last hack. It came out far too fast because of PR pressure. The devs should have stayed 1 more year reviewing and researching the code and make the coin secure in that time, before pushing it out to the public.

4) It's already centralized as hell, the devs can just reverse transactions like this. Sure reversing a hack is obviously good right ?, but the road to Hell is also paved with good intentions. Abusing power comes in small increments. First they only reverse hacks, and then later you find out that everyone will become censored.

5) ETH devs want to impose capital controls on ETH holders. The ETH devs don't respect the free market.

The lost cost were already supposedly locked in a child DAO, so then why are they not allowing people to trade? Because they know that people would sell their ETH fast.

Since the legitimately transferred coins are being auto locked in by a Child DAO for almost a month as designed why is he telling exchanges to freeze trading and deposits? Such a comment is outrageous to make in this context.

Oh shit, it gets worse , these guys are literally insane.

There are 3 options for ETH and in the next 27 days the devs and the ETH community will have to decide on one of them, and in my opinion the results will be the following:

1)  They decide to not hardfork in which case the thief gets away with the loot but atleast the integrity of ETH is preserved. The result will probably be a massive selloff of ETH and loss of future confidence in the ETH devs as they failed to provide secure code, it will seriously impact the future growth of ETH which they may or may not recover from.

2) They decide to hardfork, in which case all confidence will be lost in ETH, and it will probably deal a fatal blow to this currency's future, and it will shows as an example how a decentralized currency may not be so decentralized, and a warning to all future altcoin devs to change their attitude. It will impact BTC as well, and many media shills will try to put dirt on BTC's reputation as well.

3) They wait the full 27 days and in the last minute they decide 1) or 2). In this case, the panic and uncertainty will just magnify the negative effects caused by their decision, and whichever they decide upon, the effects will just be much worse.


So by logic they should decide 1) and announce it fast, since the longer they wait the more uncertainty they cause by the inaction.

That's just my honest opinion.





I really think people should just switch over to NXT, because it's far more decentralized and it has better developers. When last time a hack happened in NXT, the developers didnt reversed the transaction. Because in the NXT community the decentralization, transparency and fungibility is the number one priority, that supercedes everything else. The police can catch the hacker with any other method and recover the funds, but the decentralization is sacred.

Excellent writeup,IMO NXT actually be undervalued,what a pity!

[GreenBits]

Where do you all think these bad dev's from before that got hacked went ?

They made new coins then cried..

ETH = DEAD

You're the tard spreading lies and FUD. Classy nice guy ain't yah. Nope.

You still defending this mess Mine? Despite how grave the warning was about this DAO thing, it was real. In retrospect, that make Spoet and Roach kind of right. I'm not trolling you, its just, this shit is dead in the water now. It will be awhile before there is sufficient trust in eth again. The slock.it dao will be the temporary laughingstock of the traditional finance world, and we will all move on. Until someone tries this again.

[Bestwishes745]

Ethereum with a weakest base started to compete bitcoin, but failed, I suggested some of my friends in the beginning, when they were trying to buy some ethereum, that do not waste your time and money at there, we should have to concentrate on bitcoin alone, in that case we can earn only with bitcoin also. 


and today they are much happy with me.

[toknormal]

This clears the way for Bitbay.

It will now skyrocket.

[Docnaster]

Ethereum with a weakest base started to compete bitcoin, but failed, I suggested some of my friends in the beginning, when they were trying to buy some ethereum, that do not waste your time and money at there, we should have to concentrate on bitcoin alone, in that case we can earn only with bitcoin also. 


and today they are much happy with me.

I never thought the Etheruem could compete with bitcoin. They are aiming for the different market sector, one is currency, the other is fuel.