DAO Attacker Owns 10% Of All ETC

[owm123]

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 :-)

forking to improve the protocol is fine. the problem is when forking to bailout investors or change how contracts where developed.

[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 :-)

forking to improve the protocol is fine. the problem is when forking to bailout investors or change how contracts where developed.

You should have clicked on the link... it is not bitcoin forking...

[shanem]

If the DAO attacker wants to dump his coins to us, he needs to pump up ETC for a sustained period of time to sell at the best price.
I don't think he will let ETC fail so quickly. I am sure 'good news' will be released so that the attacker can dump his coins when people start to buy.

[jmpFCE2]

the "attacker "cant tie his own shoelaces without his mommy , yes lets wait in agony what the amateur criminal is gonna do

[JayJuanGee]

the "attacker "cant tie his own shoelaces without his mommy , yes lets wait in agony what the amateur criminal is gonna do

Yeah... right.. you are living in a fantasy world if you believe that this particular attacker is not very sophisticated. 

He may not have been completely successful in accomplishing his original objective(s) - unless he just wanted to expose an exploit hole.  In any event, he employed interesting tactics and has caused a pretty big ruckus in the crypto community, even if he happened to have accomplished such from his mom's basement, which really does not seem to be the case with this particular attacker.

[thejaytiesto]

I can't wait until Satoshi dumps his bitcoins!

To buy Ethereum Immutable

Satoshi is dead.

So is Vitalik. He buried is own grave when he acted as a central banker by doing a rollback to get funds back from someone that didn't do anything but use the smart contract. He didn't steal, he used the existing smart contract code. The fair thing should have been to let the DAO fall, but no, they were too greedy. Now Ethereum is dead thanks to that. You can stay in denial all you want tho. No one is going to trust "smart contracts" that can end up in a rollback.

[Bepesand]

I can't wait until Satoshi dumps his bitcoins!

To buy Ethereum Immutable

Satoshi is dead.

So is Vitalik. He buried is own grave when he acted as a central banker by doing a rollback to get funds back from someone that didn't do anything but use the smart contract. He didn't steal, he used the existing smart contract code. The fair thing should have been to let the DAO fall, but no, they were too greedy. Now Ethereum is dead thanks to that. You can stay in denial all you want tho. No one is going to trust "smart contracts" that can end up in a rollback.

Vitalik did not implement the hard fork. The miners agree to hard fork the chain and they use the mining to do that.

[bbc.reporter]

I can't wait until Satoshi dumps his bitcoins!

To buy Ethereum Immutable

Satoshi is dead.

So is Vitalik. He buried is own grave when he acted as a central banker by doing a rollback to get funds back from someone that didn't do anything but use the smart contract. He didn't steal, he used the existing smart contract code. The fair thing should have been to let the DAO fall, but no, they were too greedy. Now Ethereum is dead thanks to that. You can stay in denial all you want tho. No one is going to trust "smart contracts" that can end up in a rollback.

It started when he got involved with the DAO. He trusted the slock.it developers to produce solid code. Why did also were not they strict with the security audits? He has only himself to blame.

[GreenBits]

I can't wait until Satoshi dumps his bitcoins!

To buy Ethereum Immutable

Satoshi is dead.

So is Vitalik. He buried is own grave when he acted as a central banker by doing a rollback to get funds back from someone that didn't do anything but use the smart contract. He didn't steal, he used the existing smart contract code. The fair thing should have been to let the DAO fall, but no, they were too greedy. Now Ethereum is dead thanks to that. You can stay in denial all you want tho. No one is going to trust "smart contracts" that can end up in a rollback.

It started when he got involved with the DAO. He trusted the slock.it developers to produce solid code. Why did also were not they strict with the security audits? He has only himself to blame.

This. The callousness of youth. I have to think someone a bit more experienced in finance, and less in code, would have seen the importance of security and proper functioning code. In fact, when the 'code is the law', shouldn't you take the time to make sure the code is beyond reproach?

And the final insult? The flaw was known..

[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?

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

No I'm not. But you are welcome to.

My point has nothing to do with my investing in ETC.

[iCEBREAKER]

Satoshi is dead.

So is Vitalik. He buried is own grave when he acted as a central banker by doing a rollback to get funds back from someone that didn't do anything but use the smart contract. He didn't steal, he used the existing smart contract code. The fair thing should have been to let the DAO fall, but no, they were too greedy. Now Ethereum is dead thanks to that. You can stay in denial all you want tho. No one is going to trust "smart contracts" that can end up in a rollback.

It started when he got involved with the DAO. He trusted the slock.it developers to produce solid code. Why did also were not they strict with the security audits? He has only himself to blame.

This. The callousness of youth. I have to think someone a bit more experienced in finance, and less in code, would have seen the importance of security and proper functioning code. In fact, when the 'code is the law', shouldn't you take the time to make sure the code is beyond reproach?

And the final insult? The flaw was known..

Stick a fork in Vitalik and VitalikCoin.  They're done.

The Ethereum Foundation developers acted reckless when they pushed their hard fork, I warned them in a pull request that the precuations they took were not sufficient. I was ignored and they continued without properly fixing the problem.

They have already admitted they were in a rush and claimed they did not have time to properly prevent it. Instead of properly fixing it in the code, their primary strategy became to convince everyone no one would use the old chain, which was not sufficient to fix the problem or accurate. It was also arguably potentially illegal considering it could be seen as a form of market manipulation.

They have yet to take proper steps to fix it claiming it only affects us, but the people who lost are companies which have decided to only support ETH. The Ethereum Foundation did not give the information needed to these companies to prevent these attacks.

They claim we need to hard fork to fix this problem, but in reality we will not hard fork to fix their mistakes because it would costs us our ability to connect with old clients that are in our network.

They have already disconnected themselves from these clients, so they should just take the steps needed to fix this issue. They likely refuse to do this because of the public perception of hard forking would be negative, and that is not a valid reason to avoid fixing the problem.

Suggesting our community effort to continue the chain is a scam because the Etheruem Foundation and BTC-e was negligent is absurd. They should be ashamed of their behavior and tactics which are both unprofessional and reckless.

At this stage it may be wise for some of our community members to reach out to different press outlets and try to clarify the situation because too much misinfiromation is being spread around to cover up the shoddy engineering being rushed out to recover funds for special interests. This is ontop of the poorly implemented soft fork, Ethereum Foundation negligence in accepting roles in the DAO without vetting the code and failure to reach consensus on a fork.

https://np.reddit.com/r/EthereumClassic/comments/4v2d6j/btce_dear_clients_btces_official_standpoint_on/d5vr668

lol rekt

Emerging evidence shows Team Vitalik planned in advance to use replay attacks to steal an amount of ETC sufficient to destroy the original chain with market dumps.

Expect the legal discovery process to reveal exactly how Coinbase and BETH Foundation conspired to obtain by force/fraud ETC and use them to destroy the original chain via socioeconomic attacks.

[bbc.reporter]

This is still escalating and I predict the peak will be Vitalik stepping down from the foundation and the development team. After that we will see the original chain live on and the fork will die because no one will be mining it anymore. All the start ups and companies will not touch the Ethereum fork with a 100 foot pole. It is possible that Vitalik's career in crypto is over after this. Sorry he is not cypherpunk level.

[Ned Kelly]

This is still escalating and I predict the peak will be Vitalik stepping down from the foundation and the development team. After that we will see the original chain live on and the fork will die because no one will be mining it anymore. All the start ups and companies will not touch the Ethereum fork with a 100 foot pole. It is possible that Vitalik's career in crypto is over after this. Sorry he is not cypherpunk level.

It would be a easy way out for him. By the way do Canada extradite their citizens? Or maybe he got a PR in Switzerland.

[iCEBREAKER]

This is still escalating and I predict the peak will be Vitalik stepping down from the foundation and the development team. After that we will see the original chain live on and the fork will die because no one will be mining it anymore. All the start ups and companies will not touch the Ethereum fork with a 100 foot pole. It is possible that Vitalik's career in crypto is over after this. Sorry he is not cypherpunk level.

Heads must roll, and responsibility flows uphill.  Accountability for the Bailout's consequences cannot be evaded, only diffused.

The DAOsaster isn't the reason why VB must step down.

Rather it was VB's leadership in the conspiratorial|hubristic|catastrophic reaction to The DAOsaster which entails a scalp being redeemed for bounty.

https://soundcloud.com/worldcryptonet/ethereum-a-classic-tale-of-two-chains

https://www.youtube.com/watch?v=s1XiAwSpXbI

Chris Ellis' testimony cuts Team VB to ribbons, and many suspect worse, even more damning revelations still to come.

[adamstgBit]

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.

Sadly but it is the hard truth. ETC will be supporting these thieves by running under the original chain (before the hard fork) I don't know what is causing the massive pump into ETC, but I think that it will be over very soon. Maybe it's the hype, or perhaps I'm wrong?  

what makes you guys think the thief hasn't dumped already?

ETC's volume the past few days is way above 10% of all coins.

[blackholes]

I can't wait too for the dump. The price is gonna be so low ... And guess what, after that we will have a non forked coin with nothing to hold it back.

[JayJuanGee]

I can't wait too for the dump. The price is gonna be so low ... And guess what, after that we will have a non forked coin with nothing to hold it back.

Yeah right.  You are pie in the sky thinking if you believe this matter is going to resolve with such supposed smoothness.

[sidhujag]

Double Standards much? I heard the Eth Foundation Members also hold a truck-load of ETH that could be dumped any time.

They're hardly going to dump on their own project, whereas we know exactly the immorality of the attacker.

Proven false.

http://themerkle.com/ethereum-developer-vitalik-buterin-sold-25-of-his-coins/

Only 75% left to go!

Honestly do some people never engage their brains around here?

Indeed.

Not the same.  Although the attacker has incentive to push the chain forward he already made it clear if it was on ETH he would have dumped it as soon as his coins became available from DAO.. so that shows his willingness of participating in an open market without regard to price and how it will affect the long term chart. With ETC he may have changed his mind but im sure at some point when he dumps it will be different than VB's thinking of "needing" to "distribute" some because he had to pay for expenses (im sure he doesn't have a day job)... and he also told people he was selling. I spoke with him on Skype and he felt he needed people to know but I told him next time to distribute slowly and not tell anyone.. although they will find out later anyway... 75% is still a big stake.

[bbc.reporter]

This is still escalating and I predict the peak will be Vitalik stepping down from the foundation and the development team. After that we will see the original chain live on and the fork will die because no one will be mining it anymore. All the start ups and companies will not touch the Ethereum fork with a 100 foot pole. It is possible that Vitalik's career in crypto is over after this. Sorry he is not cypherpunk level.

Heads must roll, and responsibility flows uphill.  Accountability for the Bailout's consequences cannot be evaded, only diffused.

The DAOsaster isn't the reason why VB must step down.

Rather it was VB's leadership in the conspiratorial|hubristic|catastrophic reaction to The DAOsaster which entails a scalp being redeemed for bounty.

https://soundcloud.com/worldcryptonet/ethereum-a-classic-tale-of-two-chains

https://www.youtube.com/watch?v=s1XiAwSpXbI

Chris Ellis' testimony cuts Team VB to ribbons, and many suspect worse, even more damning revelations still to come.

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.

[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

Then it will be a problem for Bitcoin (assuming he changes the ETC into BTC)

Or is there somewhere one can change that many ETC into fiat?