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Author Topic: There is nothing funny in The DAO "attack"  (Read 6114 times)
spartak_t (OP)
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June 20, 2016, 07:47:33 AM
 #21

How much has been stolen vs. the marketcap of eth? Is it really enough to crash the market? And wouldn't dumping all the stolen loot on the market in a short time span seem like the worst possible idea to a thief who is hoping for a maximum return on his efforts?

Exactly 3,641,694.2418985067 ether were "stolen" and they are still sitting in this address. The amount in fiat was roughly $78.3 million (because the price of ETH back then was $21.50), not $50Mn like most of the people are saying.

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June 20, 2016, 07:51:01 AM
 #22

So attacker is scared of the hard fork.

I have the feeling that the attacker could sue them for this. Cheesy He just got the coins by using the code and if they make a hard fork it would be like stealing the funds. Smiley

Who can he sue? The miners will be the people doing the forks, they are around the world. Can he sue them in every country?

I believe that Ethereum should pay for that mistake, because they gathered hundreds of millions from the masses and now they want people to solve their problem.

I don't think it's funny, it's savvy. A coder found an exploit and took advantage of it. Let's stop this good samaritan bullshit, if you had 3M ether you would travel, do anything you wanted really. You wouldn't have an aristocratic sense to return it, lol.

I would return them...

You are a good one Smiley I'm Christian, and they might have gotten some of them back. Not all. A lesson needs to be learned here, by everyone involved in this DAO business.

It's simple... I could not live with myself and I believe that sooner or later people pay for their actions.

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June 20, 2016, 07:57:56 AM
 #23

I agree, there isn't anything funny about this whole situation

Let me tell you why it's funny.  If you ever click the speculation forum, there are full-time, paid, anti-bitcoin shills.  Accounts like alias "lambchop" have created literally over 500 spam accounts that just post all day long saying "Bitcoin is going to die.  Bitcoin ponzi scheme is over.  Blah blah blah".  These same shills (who probably work for people like Goldman Sachs and JP Morgan) were also spamming "Ethereum is the new Bitcoin" at the same time.

The banker shills took this one right up the ass.  They bought a bunch of Ethereum IPO scamtokens and got raped.  How do you think this piece of shit Ethereum got to a billion market cap while being a scam?  Bankers were bankrolling it.  So for all Eth shills, I salute you:



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K210
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June 20, 2016, 08:08:18 AM
 #24

Eth is a scam with a artificial marketcap. Out of the 80 million or so coins in circulation 60 million are premined by pre-sale buyers and 12 million were premined by the eth devs. That mean 72 million or 90% of ethers coins are premined. This gets even worse when proof of stake kicks in because it means the network will pretty much be a dictatorship run by premined coins.

Eth has only one purpose - enrich the early adopters and the devs. Once all this boils over vitalik and his gang will be rich and all their supporters will be burned and will probably leave crypto for good. Some of them might come to their senses and buy bitcoins and litecoins but most people in eth are going to leave crypto for good with a sour taste in their mouth.

I congratulate the "hacker" for "stealing" the coins as he found a flaw and took the coins by finding a loophole in the code. The hacker should keep his coins and dump to teach the eth regime a lesson in overbragging and being cancer to the crypto community at large.

Disclaimer: I have stayed away from eth from day one and will never use their platform even if it reachs $100 a coin. For smart contracts i think rootstock or something built on top of litecoin is a better option. 
GreenBits
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June 20, 2016, 08:09:07 AM
 #25

I agree, there isn't anything funny about this whole situation

Let me tell you why it's funny.  If you ever click the speculation forum, there are full-time, paid, anti-bitcoin shills.  Accounts like alias "lambchop" have created literally over 500 spam accounts that just post all day long saying "Bitcoin is going to die.  Bitcoin ponzi scheme is over.  Blah blah blah".  These same shills (who probably work for people like Goldman Sachs and JP Morgan) were also spamming "Ethereum is the new Bitcoin" at the same time.

The banker shills took this one right up the ass.  They bought a bunch of Ethereum IPO scamtokens and got raped.  How do you think this piece of shit Ethereum got to a billion market cap while being a scam?  Bankers were bankrolling it.  So for all Eth shills, I salute you:




That lambchop dude still exists? Shit! He was going strong like 2 years ago, around neobees. I swear someone had to be paying that guy, no one has that much time to type forum responses unless they are getting paid. There just isn't a troll spirit bright enough to do all that talking for lulz. There HAD to be profit motive.

Maybe bitcoin killed his family when he was a child.. Sad
sanadas
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June 20, 2016, 08:24:30 AM
 #26


I congratulate the "hacker" for "stealing" the coins as he found a flaw and took the coins by finding a loophole in the code. The hacker should keep his coins and dump to teach the eth regime a lesson in overbragging and being cancer to the crypto community at large.


The hacker will not get his stealing money according to the consensus in the miner community at the moment.

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June 20, 2016, 08:28:48 AM
 #27

I enjoy eth holders anger. Get rich quick crowds make me nauseous. Same with that paycoin crowd not long ago. Just fucking burn and ride that cancer down to oblivion
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June 20, 2016, 08:34:58 AM
 #28

I enjoy eth holders anger. Get rich quick crowds make me nauseous. Same with that paycoin crowd not long ago. Just fucking burn and ride that cancer down to oblivion

I do not see much anger there. I just saw some people enjoy the big loss  of Ethereum and the DAO holders.
spartak_t (OP)
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June 20, 2016, 09:02:32 AM
 #29

Mining pools are voting in TheDAO soft fork: http://ethpool.org/stats/votes. Looks like the majority of the people are for the fork...

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June 20, 2016, 09:03:26 AM
 #30

I listen that the Dao is attacked again today, is it really? it is true, why the team of the DAO and the ETH have not take action to clear bug? if it goes on ,the ETH will be game over.
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June 20, 2016, 09:03:50 AM
 #31

Please keep laughing, but remember this...

The DAO is one of the largest crowdsales in history
https://en.wikipedia.org/wiki/List_of_highest_funded_crowdfunding_projects

It is one of the poster boys of the crypto industry

Yes, IPO scammers got burned, banker shills got shafted, idiot noobs got what they deserved, everybody laugh and make merry, bitcoin is the only currency etc etc etc

For weeks I was asking what this DAO is and nobody would answer. ETH wallet is a joke of technology. In fact, all crypto 2.0 wallets are the biggest joke of this industry but nobody is saying anything or taking these devs to task about their crappy technology. People are piling in regardless.

You are laughing while the whole crypto industry is going over the edge of a cliff. Go and laugh with the man down the street about what has happened here and ask him to give over his fiat for your new fancy digital currency that (as he sees it) is nothing more than drugs money for hidden internets. Nothing more than nerds and Russian gangsters trying to get rich. And now a nice big Russian cartel is holding the entire industry to ransom for millions of dollars. Yes, the whole industry. DO NOT FOOL YOURSELF and believe that our precious BTC will not be affected. Outside of this industry people DO NOT TRUST digital currencies. Do you blame them???

So, go and sit down and laugh with your mothers, fathers uncles and aunts who know nothing about crypto except for all the drugs and scams going on in this post modern gold rush. All they know is that nerds want their money in this big global Ponzi scheme. They're not idiots. Tell them that a Russian cartel stole $80m. Make them laugh with you at the foolishness of the investors in the industry (which you are also asking them to invest in!).

Yes, keep laughing. The bags you are all holding will surely be used as the future currency of this planet.

Keep laughing and waiting...
spartak_t (OP)
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June 20, 2016, 09:16:02 AM
 #32

...

Yup... https://bitcointalk.org/index.php?topic=1504662.msg15152054#msg15152054

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June 20, 2016, 09:32:57 AM
 #33

Should not have invested in ICO schemes for profit in the first place.

I DO laugh because they have it coming and had acted like assholes defending it all along.

This also will not affect much in Crypto.
Ethereum & DAO are NOT Crypto "Currencies" ..they are CRYPTO-SCAMS !

So Crypto-Currency supporters are laughing & saying "I told you so" sleazy pricks LOL
You deserve it..

NO we are all NOT worried it will stain Bitcoin or Alternative Currencies.



EDIT:

It's funny when you watch a thief get what is coming to him..
Or watch a Bully get beat up LOL

FUD first & ask questions later™
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June 20, 2016, 09:49:19 AM
 #34

Should not have invested in ICO schemes for profit in the first place.

I DO laugh because they have it coming and had acted like assholes defending it all along.

This also will not affect much in Crypto.
Ethereum & DAO are NOT Crypto "Currencies" ..they are CRYPTO-SCAMS !

So Crypto-Currency supporters are laughing & saying "I told you so" sleazy pricks LOL
You deserve it..

NO we are all NOT worried it will stain Bitcoin or Alternative Currencies.


That is what WE IN HERE THINK. But what about the general public who you are wanting to use these 'currencies'?

Does this fiasco promote TRUST in the industry? Will they all be rushing in to give hackers and scammers the opportunity to steal THEIR money?
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June 20, 2016, 09:52:03 AM
 #35

Should not have invested in ICO schemes for profit in the first place.

I DO laugh because they have it coming and had acted like assholes defending it all along.

This also will not affect much in Crypto.
Ethereum & DAO are NOT Crypto "Currencies" ..they are CRYPTO-SCAMS !

So Crypto-Currency supporters are laughing & saying "I told you so" sleazy pricks LOL
You deserve it..

NO we are all NOT worried it will stain Bitcoin or Alternative Currencies.



EDIT:

It's funny when you watch a thief get what is coming to him..
Or watch a Bully get beat up LOL

The miners are deciding if a thief will get his theft now. I saw voting about the forks in several pools at the momet.
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June 20, 2016, 10:00:19 AM
 #36

If the miners decide to reverse this theft then maybe it will demonstrate that in this industry financial theft and fraud can be reversed through consensus.

Maybe there is a silver lining in all of this.
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June 20, 2016, 10:15:46 AM
 #37

Let's all laugh with the New York Times. It's all so funny.

http://www.nytimes.com/2016/06/18/business/dealbook/hacker-may-have-removed-more-than-50-million-from-experimental-cybercurrency-project.html?_r=2
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June 20, 2016, 10:18:47 AM
 #38

If the miners decide to reverse this theft then maybe it will demonstrate that in this industry financial theft and fraud can be reversed through consensus.

Maybe there is a silver lining in all of this.

In the centralised system, this has been reversed many many times, the crminal proceeds have been returned to the victim before.

a fool and his money ...
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June 20, 2016, 10:21:58 AM
 #39

tl,dr

disagree with title. Had to laugh long and hard. Expecting more comedy later.

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June 20, 2016, 10:26:19 AM
 #40

Day-O (The Banana Boat Song)

- https://www.youtube.com/watch?v=PMigXnXMhQ4


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