Deadline Looms on Ethereum Classic DAO Withdrawals

[bbc.reporter]

Why is there a deadline on the Ethereum Classic DAO withdrawals while the one in Ethereum fork does not? That should not be. Everyone should be given all the time they need to withdraw their cryptocoins. If they do not choose to do it, the white hat hacking group have no right to claim all that ETC as their own.

The white hat group members are also part of the Ethereum Foundation right? There might be another conspiracy against ETC, or maybe they are running out of funds again.

So far, 6.7 million ETC has been withdrawn from the contract, which comprises roughly 80% of the total balance. But, only five days remains for original token holders to withdraw their remaining balance as the DAO to Ethereum Classic refund contract is set to self-destruct on April 15, 2017. The DAO To ETH refund contract does not have an expiry date.

Read everything here https://www.cryptocoinsnews.com/deadline-looms-ethereum-classic-dao-withdrawals/

[mining1]

Because 1 year is more than enough time. If these people don't bother to take their funds then it most likely means they are insignifiant, just a large number of people owning little amounts of money.
WHG aren't part of ethereum foundation. At first few members of EF "supported" ( the kind of support you can offer with words, not actions ) such movement because the WHG outsmarted the hacker and managed to control most funds, but that was it.

EF can't run out of funds because they have about 50mil $ atm, enough funding for 10 years+ no matter how big the team gets.

[Dude.Lebowski]

Because 1 year is more than enough time. If these people don't bother to take their funds then it most likely means they are insignifiant, just a large number of people owning little amounts of money.
WHG aren't part of ethereum foundation. At first few members of EF "supported" ( the kind of support you can offer with words, not actions ) such movement because the WHG outsmarted the hacker and managed to control most funds, but that was it.

EF can't run out of funds because they have about 50mil $ atm, enough funding for 10 years+ no matter how big the team gets.

Except when a year is not enough. So many reasons.  Weirdly ETC is doing the wrong thing. 

[mining1]

And why exactly the WHG does not have the right to keep the ETC ? They took it, it's theirs. Why is it right for the hacker and wrong for the WHG ?

[tokeweed]

Wasn't the WHG caught red handed in trying to dump all the ETC they were holding on Polo?  I remember there were stories that Polo locked and froze their account.  And if I remember correctly, there were two members of Slock.it that were part of the WHG.  But hey, it's free money.  They stole it from the guy that stole it. 

[mining1]

As i know the reason was to sell etc for eth and redristibute it like that because of the replay attacks. If they really wanted to steal it, they could, because they were anonymous. And also the fact that no one could tell wether or not they acted as a "group" or individually. It would have been impossible to prove either way.

[bbc.reporter]

And why exactly the WHG does not have the right to keep the ETC ? They took it, it's theirs. Why is it right for the hacker and wrong for the WHG ?

But what if the owners of the ETC suddenly want their coins back? Should the white hat hacking group return them or will they do it like the DAO hacker and cash them out? Whatever they do, putting a deadline on the ETC contract refund clearly shows they want to claim it for themselves which is wrong.

[hermanhs09]

Why is there a deadline on the Ethereum Classic DAO withdrawals while the one in Ethereum fork does not? That should not be. Everyone should be given all the time they need to withdraw their cryptocoins. If they do not choose to do it, the white hat hacking group have no right to claim all that ETC as their own.

The white hat group members are also part of the Ethereum Foundation right? There might be another conspiracy against ETC, or maybe they are running out of funds again.

So far, 6.7 million ETC has been withdrawn from the contract, which comprises roughly 80% of the total balance. But, only five days remains for original token holders to withdraw their remaining balance as the DAO to Ethereum Classic refund contract is set to self-destruct on April 15, 2017. The DAO To ETH refund contract does not have an expiry date.

Read everything here https://www.cryptocoinsnews.com/deadline-looms-ethereum-classic-dao-withdrawals/

Well i thought that ETC was supposed to be the original immutable Ethereum, lol.

Unfortunately what they are doing right now is against their own principals.

There should never be a limit on how long a contract should exist or a cryptocurrency should exist before it self destructs. That's as crazy as saying if the bitcoins in your wallet weren't being used in cold storage for 5 years, they should be destroyed as well.

[tokeweed]

Why is there a deadline on the Ethereum Classic DAO withdrawals while the one in Ethereum fork does not? That should not be. Everyone should be given all the time they need to withdraw their cryptocoins. If they do not choose to do it, the white hat hacking group have no right to claim all that ETC as their own.

The white hat group members are also part of the Ethereum Foundation right? There might be another conspiracy against ETC, or maybe they are running out of funds again.

So far, 6.7 million ETC has been withdrawn from the contract, which comprises roughly 80% of the total balance. But, only five days remains for original token holders to withdraw their remaining balance as the DAO to Ethereum Classic refund contract is set to self-destruct on April 15, 2017. The DAO To ETH refund contract does not have an expiry date.

Read everything here https://www.cryptocoinsnews.com/deadline-looms-ethereum-classic-dao-withdrawals/

Well i thought that ETC was supposed to be the original immutable Ethereum, lol.

Unfortunately what they are doing right now is against their own principals.

What's that supposed to mean?  The WHG aka Robin Hood Group members, some of them are employed by Slock.it and the Ethereum Foundation.  None from ETC control any smart contract holding coins on behalf of them.  The WHG was caught red handed dumping ETC on Polo and Kraken, btw.  For whatever real purpose, we don't know.  But they claim to be doing something good *cough cough bull***t*.  But who knows what their real motives were.

[monsanto]

Why is there a deadline on the Ethereum Classic DAO withdrawals while the one in Ethereum fork does not? That should not be. Everyone should be given all the time they need to withdraw their cryptocoins. If they do not choose to do it, the white hat hacking group have no right to claim all that ETC as their own.

The white hat group members are also part of the Ethereum Foundation right? There might be another conspiracy against ETC, or maybe they are running out of funds again.

So far, 6.7 million ETC has been withdrawn from the contract, which comprises roughly 80% of the total balance. But, only five days remains for original token holders to withdraw their remaining balance as the DAO to Ethereum Classic refund contract is set to self-destruct on April 15, 2017. The DAO To ETH refund contract does not have an expiry date.

Read everything here https://www.cryptocoinsnews.com/deadline-looms-ethereum-classic-dao-withdrawals/

Apparently the deadline is no longer April 15, 2017, but has been extended to January 1st, 2018 (and possibly will be extended indefinitely).

After reading about it here:

https://www.reddit.com/r/ethereum/comments/65ex5c/whg_withdraw_contract_extended/

I think now it appears it was known that April 15 wasn't going to really be a deadline, but instead it was used to scare people into finally withdrawing the ETC from the DAO. The intentions of the people who knew there was no dealine, but said there was, may have been good; the execution however seems somewhat dishonest.

[mining1]

That "deadline" isn't very important because it cannot be enforced.

[bbc.reporter]

@mining1. Why not have no deadline in the first place? The white hat hacking group has no right to hold those ETC as their own. If in 10 years no still claims them then a community vote should take place on what to do with them.