[2016-07-08] coinfox.info| Ethereum to use hard fork to undo theft from The DAO

[eye4bd]

Ethereum to use hard fork to undo theft from The DAO

By decentralised voting holders of 97% of ethers have shown unanimous support to a hard fork as an optimum way to return the funds stolen on 17 July by an anonymous malefactor. ....

http://www.coinfox.info/news/5883-ethereum-to-use-hard-fork-to-undo-theft-from-the-dao

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[TraderTimm]

And thus ends the experiment of ETH, where now your money can be stolen by popular decree.

These people actually think by ruining the fungibility of ETH, they will save the ecosystem. What a hilarious tragedy in the making...

[notthematrix]

And thus ends the experiment of ETH, where now your money can be stolen by popular decree.

These people actually think by ruining the fungibility of ETH, they will save the ecosystem. What a hilarious tragedy in the making...

You think top down...
In case this hardfork is a bottom up action , its like the antibodies of the body removing a deadly virus.
It has to kill a small infected part of the self part to survive.
If you want to put it in perspective the hacker can be seen as the government here trying to attack a system.
the system mutates the attack gets undone and the attacker gets killed , if a government would try the same type of attack and they will lose too in exactly the same way.
and that's a very CLEAR message , and that's very good for ether.

 

[Kaneki]

that it would undermine users’ confidence in the whole Ethereum network. 

[notthematrix]

that it would undermine users’  confidence in the whole Ethereum network. 

The alternative is death , in case of death there is no pint of confidence.
so its logic that the users will go for hardfork.
its the only way users still have something to put confidence in.
doing noting would successfully  let a small group kill a whole network.
Now this  has failed

[TraderTimm]

that it would undermine users’  confidence in the whole Ethereum network. 

The alternative is death , in case of death there is no pint of confidence.
so its logic that the users will go for hardfork.
its the only way users still have something to put confidence in.
doing noting would successfully  let a small group kill a whole network.
Now this  has failed

The alternative was letting the DAO die, and they should've taken the hit.

Now, ETH is linked with the idea that if you don't like how things are going, you can push the 'rewind' button and reverse transactions. That's a pretty bitter pill to swallow, and a lot of people won't bother after finding that out.

Rationalizing it in terms of bodies/antibodies/cancer whatever isn't going to help you.

[shyliar]

These types of news articles being posted all over various forums seem to be indicating a type of panic I haven't seen in crypto before. The vote that these articles are based on can be found here:

http://www.carbonvote.com/

Currently at the time of this post it shows that 2,169,108 ETH have voted yes for a hard fork and 299,427 have voted no. This out of a total number of ETH that exist at 81,852,611. The fact is only a small percentage of ETH have voted. The fact is the word unanimous means "without opposition; with the agreement of all people involved". Maybe rudimentary math skills and language skills are considered obsolete by some folks.  

The article also ignores  the fact that miners decide to adopt a hard fork (not voters).

A quality coin should not require deception to encourage adoption. This type of behaviour is damaging to cryptocurrency adoption in general.

[Mokuton]

Hardfork so people can finally move on from all the drama  . ETH is popular enough to survive!

[TraderTimm]

Hardfork so people can finally move on from all the drama  . ETH is popular enough to survive!

About a week ago ETH/USD broke under 10... I wouldn't be so optimistic if I were you.

[dwgscale11]

You need to start back at the basics of what it means to be decentralized. You can see coblee's thoughts here https://www.reddit.com/r/litecoin/comments/2apsj7/litecoin_developers_will_never_fork_litecoin_to/
It is up to the market to decide what happens due to theft.
If you agree with the hard fork, you are an abomination to the crypto world, and will be purged out along with ethereum.

[GreenBits]

Ethereum to use hard fork to undo theft from The DAO

By decentralised voting holders of 97% of ethers have shown unanimous support to a hard fork as an optimum way to return the funds stolen on 17 July by an anonymous malefactor. ....

http://www.coinfox.info/news/5883-ethereum-to-use-hard-fork-to-undo-theft-from-the-dao

After the soft fork option kind of fell by the wayside, this was literally inevitable. Sure, the community at large has made this decision, but I'm sure most of the people that voted actually have a dog in this fight. Anyhow, I will be glued to an exchange chart watching this like a hawk. I may paper trade this to see how I would have done, but unless this shows very strong, very clear indicators I will not be speculating. But this saga has been one of the most epic tales on this forum for some time. Never a dull moment I guess

But someone tell me, what black magic is responsible for propping up the price like this lately? If Vitalik got eaten by a grue, I don't think the price would move a whole lot, LOL.

[TraderTimm]

By the way, very few of actual voters did indeed vote compared to total issuance.

Anyway, you have a wedge on the Daily with a recent low a hair above 10. I wouldn't look at that as positive. You have a massive head-and-shoulders that implies a breakdown to levels not seen since February.