DAO Attacker Owns 10% Of All ETC

[Febo]

4.4% is not 10%

[Lebubar]

To OP, read this carefully please, and comment what you understand here:

The terms of The DAO Creation are set forth in the smart contract code existing on the Ethereum blockchain at 0xbb9bc244d798123fde783fcc1c72d3bb8c189413. Nothing in this explanation of terms or in any other document or communication may modify or add any additional obligations or guarantees beyond those set forth in The DAO’s code. Any and all explanatory terms or descriptions are merely offered for educational purposes and do not supercede or modify the express terms of The DAO’s code set forth on the blockchain; to the extent you believe there to be any conflict or discrepancy between the descriptions offered here and the functionality of The DAO’s code at 0xbb9bc244d798123fde783fcc1c72d3bb8c189413, The DAO’s code controls and sets forth all terms of The DAO Creation.

The DAO’s smart contract code governs the Creation of DAO tokens and supercede any public statements about The DAO’s Creation made by third parties or individuals associated with The DAO, past, present and future. The software code currently available at https://github.com/slockit/dao is the sole source for the terms under which DAO tokens may be created.

[dinofelis]

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.

The DAO bugfinder (which you unjustly call "the thief", he played by the rules that were written on the ethereum and DAO website: the code is the law) has 10% of ETC.  But 90% if the ETC is held by people that had ETH from before the fork.  Their dumping is much more dangerous than that meager 10%.  On the other hand, you've got 30% or so of probably very disappointed DAO bagholders on the ETH chain.  Aren't you affraid they'll be looking for the door as quickly as they can ?  

[Abiky]

I think a more likely scenario is trading the ETC for ETH and using that to crash the ETH price

Yeah that would most likely happen. In fact, today the price has been declining being worth $1.44 by now. I guess that the hype is now over, and soon the community and ETH will be back together as one. In my opinion, ETC would give the hacker access to investors funds (from The Dao) which will most likely cause them to dump the ETC and give a negative effect in price. I think that is why we are seeing the price decline today. Anybody can correct me if I'm wrong. 

[SmirkinPepe]

Hey can someone inform the Ethereum bailout foundation? They have some typos on their website:

Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference.

[toknormal]

I think a more likely scenario is trading the ETC for ETH and using that to crash the ETH price

 In my opinion, ETC would give the hacker access to investors funds (from The Dao) which will most likely cause them to dump the ETC

I don't think you quite understood ROT13's scenario.

Far from crashing ETC, the ETC/ETH pairing that has emerged around many exchanges has given the hacker a route out of ETC and into ETH with minimal impact on the BTC denominated markets of either coin.

For example they could quietly sit in this market and swap currencies which would give the hacker approx 360,000 ETH at current exchange rate. Probably enough to kindle a minor avalanche given the current levels of confidence (assuming ETH itself were their ultimate target).

[skyline_king]

ETH devs basically said if we don't like a contract/transaction we can and will replace them


 Not like if real life you can just go back in time cuz you fucked up and spent money that you shouldn't. The hard fork is and was a bad idea. Support ETC all the way

[marky89]

How much is under control of the Blackhat DAO vs. the Whitehat DAO? Weren't some of the hijacked childDAOs further split by the "Robin Hood" group? Can't find much on where all the DAO tokens are at this moment.

I think ETC is a major opportunity. I was mining within hours of the fork, buying OTC and buying on Polo the hour it added markets. ETH Foundation screwed up bad, and bitcoiners are reacting positively to the core ethos of ETC.

Hell, Barry Silbert said today he has upped his stake in ETC, and that he moved 5% of all his BTC holdings into ETC! ETC ain't going nowhere, folks!

[Minecache]

How much is under control of the Blackhat DAO vs. the Whitehat DAO? Weren't some of the hijacked childDAOs further split by the "Robin Hood" group? Can't find much on where all the DAO tokens are at this moment.

I think ETC is a major opportunity. I was mining within hours of the fork, buying OTC and buying on Polo the hour it added markets. ETH Foundation screwed up bad, and bitcoiners are reacting positively to the core ethos of ETC.

Hell, Barry Silbert said today he has upped his stake in ETC, and that he moved 5% of all his BTC holdings into ETC! ETC ain't going nowhere, folks!

You are correct, ETC is going nowhere. Fast.

[bbc.reporter]

How much is under control of the Blackhat DAO vs. the Whitehat DAO? Weren't some of the hijacked childDAOs further split by the "Robin Hood" group? Can't find much on where all the DAO tokens are at this moment.

I think ETC is a major opportunity. I was mining within hours of the fork, buying OTC and buying on Polo the hour it added markets. ETH Foundation screwed up bad, and bitcoiners are reacting positively to the core ethos of ETC.

Hell, Barry Silbert said today he has upped his stake in ETC, and that he moved 5% of all his BTC holdings into ETC! ETC ain't going nowhere, folks!

Yes. That is a very interesting development. This will add to the public's confidence on the original Ethereum classic. It also means he knows something deeper about it to make such a move. So with him on board I believe that the original chain is here to stay to compete with Vitalik's fork.

[ROT13]

I think a more likely scenario is trading the ETC for ETH and using that to crash the ETH price

 In my opinion, ETC would give the hacker access to investors funds (from The Dao) which will most likely cause them to dump the ETC

I don't think you quite understood ROT13's scenario.

Far from crashing ETC, the ETC/ETH pairing that has emerged around many exchanges has given the hacker a route out of ETC and into ETH with minimal impact on the BTC denominated markets of either coin.

For example they could quietly sit in this market and swap currencies which would give the hacker approx 360,000 ETH at current exchange rate. Probably enough to kindle a minor avalanche given the current levels of confidence (assuming ETH itself were their ultimate target).

Exactly.  It's hard to imagine the hackers motive was purely financial given the difficulties in cashing out without crashing ETH. 

Now we have a scenario where he could quite possibly crash the price of ETH, retain some ETC which would likely skyrocket in value in correspondence, destroy the credibility of the forked ethereium and therefore provide an ideological justification for his right to retain and spend the remaining ETC funds- all in one fell swoop. 

[smoothie]

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.

Theft != truth.

Would it be theft if Vitalik Buterin put an open brief case of cash on a dark street corner and someone who found it decided to keep it?

[Bepesand]

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.

Theft != truth.

Would it be theft if Vitalik Buterin put an open brief case of cash on a dark street corner and someone who found it decided to keep it?

Are you going to buy some ETC to show your support or will you buy some mining hash to support the ETC network?

[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.

Theft != truth.

Would it be theft if Vitalik Buterin put an open brief case of cash on a dark street corner and someone who found it decided to keep it?

Yes, it's called 'theft by finding' and you can and will be prosecuted.

A thief will always be a thief no matter how hard you try to justify it. It's no wonder this world is fucked with immoral characters like yourself walking amongst us.

https://en.m.wikipedia.org/wiki/Theft_by_finding

[1ofthemany]

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.

Theft != truth.

Would it be theft if Vitalik Buterin put an open brief case of cash on a dark street corner and someone who found it decided to keep it?

Yes, it's called 'theft by finding' and you can and will be prosecuted.

A thief will always be a thief no matter how hard you try to justify it. It's no wonder this world is fucked with immoral characters like yourself walking amongst us.

https://en.m.wikipedia.org/wiki/Theft_by_finding

What if the law explicitly says it's not a theft?

[iCEBREAKER]

4.4% is not 10%

Math is hard, when your name is Minecache.

I'm sure he'll update the OP with your correction, any minute now....

*crickets*

*skeleton.gif*

[Jacques21]

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.

Theft != truth.

Would it be theft if Vitalik Buterin put an open brief case of cash on a dark street corner and someone who found it decided to keep it?

Yes, it's called 'theft by finding' and you can and will be prosecuted.

A thief will always be a thief no matter how hard you try to justify it. It's no wonder this world is fucked with immoral characters like yourself walking amongst us.

https://en.m.wikipedia.org/wiki/Theft_by_finding

And Eth will always be forked shit no matter  how hard you try to justify it. No wonder crypto is fucked with characters like you amongst us

[maydna]

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.

its become panic sell on the market, i waited it too. hmm maybe i thinking i will buy some some  and wait for the rate up and sell it to get profit 

[dinofelis]

And Eth will always be forked shit no matter  how hard you try to justify it. No wonder crypto is fucked with characters like you amongst us

Indeed, if we look at the history of bitcoin:

https://bitcointalk.org/index.php?topic=576337.msg6289796#msg6289796

we have an idea of how many times ETH will fork again :-)

[GreenBits]

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.

You do realize the devs of ETH hold an equally damning stake? Essentially, this coin is too heavily held by certain actors to make either one of these coins a stable or safe investment at the moment. Unless you are looking for risk (with it's profit of course) I wouldn't touch either of these.