Poloniex Troll box is very excited about NEM and many people have gone from ETH to NEM.
When someone mentions another coin when criticizing another one with a larger mcap, immediately the readers suspect conflict of interest.
Will Ethereum ever recover? Bitcoin was $1250 pre-MtGox. I think DAO is like an MtGox event and I would be surprised if Ethereum ever hit $20 again. Looks like the new and upcoming cryptocurrency is NEM. Went from 300 Satoshi days ago to an ATH of 1247 Satoshi today.
I expect Ethereum will continue to rise again. There are lot of supporters and projects based on Ethereum who are determined to see it go on.
I don't know for sure if it can finally break itself sufficiently. Perhaps the next fork after this DAO one (Augur?), might do it.
The speculation side of things is somewhat disconnected from the technological realities (or at least for the near-term).
Then again, maybe this report is a signal that there isn't sufficient buying demand and that the public has turned sour on Ethereum. But seems they have too many hypes in the pipeline to stay down from too long.
Instead on focusing entirely on the DAO hack. Shouldn't we question if there are security issues with Solidity and Ethereum itself? I mean what if this is only the beginning. What if other multimillion dollar dapps and daos get hacked in the future due to a fundamental flaw in the platform.
I'm sorry but we need to know. I'm not a coder/dev, just a mere amateur trader. So it would be nice to know from known devs what's really up with Ethereum and Solidity's security issues if there are any.
https://blog.ethereum.org/2016/06/19/thinking-smart-contract-security/ Posted by Vitalik Buterin on June 19th, 2016.
This list (original source here) is as follows:
The DAO (obviously)
The “payout index without the underscore” ponzi (“FirePonzi”)
The casino with a public RNG seed
Governmental (1100 ETH stuck because payout exceeds gas limit)
5800 ETH swiped (by whitehats) from an ETH-backed ERC20 token
The King of the Ether game
Rubixi : Fees stolen because the constructor function had an incorrect name, allowing anyone to become the owner
Rock paper scissors trivially cheatable because the first to move shows their hand
Various instances of funds lost because a recipient contained a fallback function that consumed more than 2300 gas, causing sends to them to fail.
Various instances of call stack limit exceptions.
As Vitalik puts it, there are some issues and several fuck ups
however he is looking at the situation naturally baised and optimistic, the situation is worse then what the article describes
such as the "Much more subtle game-theoretic weaknesses where at the limit people even debate whether or not they’re bugs: the DAO" is really a combination of lots of fuck ups
like non-acid poorly coded transactions and a recursion bug
im not an expert either, but thats how i understand it
there was a researched who also published a paper on the several security issues, not sure the link for that