DAO Attacker Owns 10% Of All ETC

[iCEBREAKER]

It would be better for Vitalik to step down and let someone else take over as lead developer. The problem is who is willing to take over? No one. The sane minds who are willing to work with the technology would be rather joining the original Ethereum classic. I do not know how long Vitalik and his friends can stay for long denying the truth about themselves and the situation.

No replacement for VB is a feature, not a bug.

That feature of ETC is precisely why I invested.

ETC should be decentralized and leaderless like BTC, lacking not only a governance structure but the possibility/feasibility of one as well.

Devs who govern least govern best.

VB should signal his intention to begin extricating himself from the flaming quagmire of conflicting interests and morass of hubris in which he's presently entombed.

[sidhujag]

Exactly why the BitShares community voted to stop paying its dev and caused him to go start a different project.  That community was tired of the high frequency of drastic hard fork changes.

and exactly why bitshares is dead and steem has its pump (which is probably done) and soon to be dead too?

[Bepesand]

It would be better for Vitalik to step down and let someone else take over as lead developer. The problem is who is willing to take over? No one. The sane minds who are willing to work with the technology would be rather joining the original Ethereum classic. I do not know how long Vitalik and his friends can stay for long denying the truth about themselves and the situation.

No replacement for VB is a feature, not a bug.

That feature of ETC is precisely why I invested.

ETC should be decentralized and leaderless like BTC, lacking not only a governance structure but the possibility/feasibility of one as well.

Devs who govern least govern best.

VB should signal his intention to begin extricating himself from the flaming quagmire of conflicting interests and morass of hubris in which he's presently entombed.

Vitalik is just a proposer for some new ideas. The miners and wide community decides if they want to accept the proposal.

[tsvekric]

If the DAO attacker dumps the ETC then the price of ETC will most likely skyrocket. The ETC will be freed. The threat of dumping is more powerful than the execution

lol @ the anti-logic of ETC holders. Yes, a massive sell-off will cause the price to skyrocket, because that has happened ever in a market before...

[Bepesand]

If the DAO attacker dumps the ETC then the price of ETC will most likely skyrocket. The ETC will be freed. The threat of dumping is more powerful than the execution

lol @ the anti-logic of ETC holders. Yes, a massive sell-off will cause the price to skyrocket, because that has happened ever in a market before...

There is massive sell off now, the trading volume is 25% of the all the ETC. But you can also call that masive buying as the price is rising.

[mining1]

Well, there are currently 82mil tokens and 11.5mil in the dao. The hacker owns 3.5mil ether for now, 8 mil more to be stolen, that's 15% of the total. DAO on this abandoned chain is wild west, "whitehats" won't be as motivated to return the tokens, why would they. It is their right to keep them on this abandoned chain.
Ofc there's a sell off, people are dumping on whale's pump. Mark my words, if people will exit before the whale, and they proven they already do that since the price is increasing too slow compared to pump size, this will end up the biggest whale pump & dump fail in crypto history, it'll lose alot of money. But it doubt it has the $/btc to buy that many tokens, let alone increasing the price too much.

[dinofelis]

Well, there are currently 82mil tokens and 11.5mil in the dao. The hacker owns 3.5mil ether for now, 8 mil more to be stolen, that's 15% of the total. DAO on this abandoned chain is wild west, "whitehats" won't be as motivated to return the tokens, why would they. It is their right to keep them on this abandoned chain.

Hahahhaha, the white hat business is visibly very lucrative in ethereum land :-)

[adhitthana]

If the DAO attacker dumps the ETC then the price of ETC will most likely skyrocket. The ETC will be freed. The threat of dumping is more powerful than the execution

lol @ the anti-logic of ETC holders. Yes, a massive sell-off will cause the price to skyrocket, because that has happened ever in a market before...

Of course the price will go down at first, but after that we will have the original ether chain with no "stolen" funds.

the entire problem was that the attacker had a large amount of ether. Once he/she dumps then will will have one pure ether chain and one that has been compromised by the unnecessary hard fork.

The price of the original untainted chain will skyrocket

[Vinnie Stanley]

Can't wait for the dump. When he dumps your ETC shitcoinage you deserve all you get for supporting a thief, and promoting theft.

There will be blood.

There will be blood coming out the ears of people like you who had a chance but missed the train and in turn got their butt hurt 

sweet sweet 5x my investment and rising.

[skyline_king]

Can't wait for the dump. When he dumps your ETC shitcoinage you deserve all you get for supporting a thief, and promoting theft.
 I feel the dump is not gonna come if he does dump he will pump and dump slowly he is gonna try to get the most amount of money he can...
There will be blood.

There will be blood coming out the ears of people like you who had a chance but missed the train and in turn got their butt hurt 

sweet sweet 5x my investment and rising.

[European Central Bank]

Why would any eth shill/holder bother shit talking etc?

They're sitting pretty. Whichever side triumphs means they triumph too.

Sit back and enjoy the ride while counting your insane riches.

[mining1]

Problem is, these ETC shills are fooling people into buying worthless tokens. And no, ETC cannot win. ETH foundation is close to solving scalability, which is biggest thing since blockchain invention so far.

[dinofelis]

Problem is, these ETC shills are fooling people into buying worthless tokens. And no, ETC cannot win. ETH foundation is close to solving scalability, which is biggest thing since blockchain invention so far.

First, monero did so already, and second, I don't see ethereum in both forms needing scalability for the moment.  Finally, if the ETH guys really do something great, what would stop ETC from copying that ?

I think the biggest next problem facing ETH is the PoS switch.   PoS is inherently unsafe, because in order to decide on what chain to use, you inherently look *in that chain* to see who has what stake.   This allows a miner to do over the whole PoW past chain on his ease, taking all the time (say, three years) it takes, assigning himself a high stake in doing so, and then using his own "proof of stake" in his fake chain to overtake the real chain.

[sidhujag]

Problem is, these ETC shills are fooling people into buying worthless tokens. And no, ETC cannot win. ETH foundation is close to solving scalability, which is biggest thing since blockchain invention so far.

First, monero did so already, and second, I don't see ethereum in both forms needing scalability for the moment.  Finally, if the ETH guys really do something great, what would stop ETC from copying that ?

I think the biggest next problem facing ETH is the PoS switch.   PoS is inherently unsafe, because in order to decide on what chain to use, you inherently look *in that chain* to see who has what stake.   This allows a miner to do over the whole PoW past chain on his ease, taking all the time (say, three years) it takes, assigning himself a high stake in doing so, and then using his own "proof of stake" in his fake chain to overtake the real chain.

Most miners need to agree.. how is it different than pow and bitcoin? It isnt.

Etc is a copy like ltc was with btc. It may hold some value but shouldnt be as much as eth.

[dinofelis]

Problem is, these ETC shills are fooling people into buying worthless tokens. And no, ETC cannot win. ETH foundation is close to solving scalability, which is biggest thing since blockchain invention so far.

First, monero did so already, and second, I don't see ethereum in both forms needing scalability for the moment.  Finally, if the ETH guys really do something great, what would stop ETC from copying that ?

I think the biggest next problem facing ETH is the PoS switch.   PoS is inherently unsafe, because in order to decide on what chain to use, you inherently look *in that chain* to see who has what stake.   This allows a miner to do over the whole PoW past chain on his ease, taking all the time (say, three years) it takes, assigning himself a high stake in doing so, and then using his own "proof of stake" in his fake chain to overtake the real chain.

Most miners need to agree.. how is it different than pow and bitcoin? It isnt.

With PoS, there is no PoW any more, and "miner" becomes an empty notion.  If you have stake, you have a probability to mine a block, and you don't have to spend any effort on it.    In a pure (from genesis block) PoS system, the genesis block miner is master, because he's holding 100% of stake for the first blocks, so nobody can redo the chain apart from the genesis block miner.  Only later, when the original stake holders start to exchange coins, other people start to get a stake, and can mine blocks too, and obtain new coins.

In a PoW system, everybody can mine blocks, but it costs work.

Ethereum is a PoW system that will switch to a PoS system.  As such, to be able to make a whole new chain from the genesis block onward, one should first re-do all the PoW that has accumulated in the chain.  That is an awful lot of work, but if you can do that over several years, it is feasible.  With a genuine PoW chain, that doesn't help, because after all these years, the real chain has accumulated even more PoW.   But not a chain that has switched to PoS.  The amount of PoW in that chain is finite, and stops essentially when you switch to PoS.  So if you redo the entire chain up to that point, giving yourself a lot of stake, from that point on, you are the master of the chain.  At a certain point, that chain can be made public, and replace the original, real chain, and it should be recognized as valid by most nodes.

[Minecache]

Can't wait for the dump. When he dumps your ETC shitcoinage you deserve all you get for supporting a thief, and promoting theft.

There will be blood.

There will be blood coming out the ears of people like you who had a chance but missed the train and in turn got their butt hurt 

sweet sweet 5x my investment and rising.

Clearly you don't understand that all ETH hodlers have an equal amount of ETC held on the criminal coins chain. Not super smarts are you.

[frobley]

Why would any eth shill/holder bother shit talking etc?

They're sitting pretty. Whichever side triumphs means they triumph too.

Sit back and enjoy the ride while counting your insane riches.

I know...
People must react; perhaps it's why divide and conquer works so well.

[DigitalCapone]

Gotta love the taste of those salty ETH bagholders tears.
Blood will be spilled indeed, but not the way the OP assumes it will.

[Bepesand]

Gotta love the taste of those salty ETH bagholders tears.
Blood will be spilled indeed, but not the way the OP assumes it will.

It is difficult to say if the ETH will drop below the ETC. I think it is better not to own something the hacker can influence the price.

[Minecache]

Gotta love the taste of those salty ETH bagholders tears.
Blood will be spilled indeed, but not the way the OP assumes it will.

You do realise that all ETH hodlers own an equal amount of ETC criminal coins? You do understand that, right? You do understand that most basic of premises, correct? The most simplest of concepts, yeah? You understand Noddy?