European Central Bank
Legendary
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Activity: 1288
Merit: 1087
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November 07, 2017, 10:36:33 PM |
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All of this has been really bad for ETH and we can see that from the price, I am holding out and hoping that they can resolve all of the issues without the need for a fork as that will only hurt the price further.
the price has done nothing. it's hard forked before, they might as well again if this money really is stuck. it forks to upgrade so they could add this to a scheduled fork. no one's hurt and everyone wins. it's nowhere near as offensive as the dao fork and that precedent has already been set.
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Gears
Newbie
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Activity: 20
Merit: 0
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November 07, 2017, 10:42:19 PM |
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I think yes, there must be Hard Fork to fix frozen ETH in Parity wallets - I heard was a newbie. Must be the very skilled newbie for sure and unlucky for Parity users.
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axiline
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November 07, 2017, 11:07:39 PM |
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Yes, today really sounded sad news. But, I think Vitalik Buterin will figure out how to solve this problem. And if you need a hard fork, then it will happen.
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Dart18
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November 07, 2017, 11:13:47 PM |
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Yes, today really sounded sad news. But, I think Vitalik Buterin will figure out how to solve this problem. And if you need a hard fork, then it will happen.
That is what I am thinking too. Since he can make ETH last this long I thought he could also make it straight. But what about the frozen funds? I heard they wont be back forever. How is he going to repay for those funds. It is millions of dollars worth.
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BTCMILLIONAIRE
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November 07, 2017, 11:14:08 PM |
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THis is why the flippening is happening, becasue when you pray to Vitalik, your prayers are answered with a fresh fork, but Satoshi has forsaken us by developing nothing for us for years. Vitalik still works to help us even though he is rich like Satoshi who never lifts even a finger for the ones he loves.
Flippening by 2019 guaranteed.
If a scam = coin project abandoned by dev who is now rich
then BTC = scam
ETH = community project where dev is member of said community
scam dev leaves you holding his bag right?
after he disappears
You don't know what you are talking about. Bitcoin was specifically created with the vision of no control. Ethereum goes directly against that vision and is nothing more than a modern version of a central bank. There will be no "flippening" for as long as there are people who understand why Bitcoin was created and who value true freedom over control.
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CryptosapienZA (OP)
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November 08, 2017, 06:22:48 AM |
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I am interested in seeing how ETH handles this bug. ETH has a history of being buggy, I hope every ETH investor is paying close attention to this. Does anyone have any update? Is the $300mil still locked?/What really happened?
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DXB2017
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November 08, 2017, 06:39:05 AM |
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Wtf again! Its why we need tezos!!!!
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styca
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November 08, 2017, 07:03:46 AM |
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All of this has been really bad for ETH and we can see that from the price, I am holding out and hoping that they can resolve all of the issues without the need for a fork as that will only hurt the price further.
the price has done nothing. it's hard forked before, they might as well again if this money really is stuck. it forks to upgrade so they could add this to a scheduled fork. no one's hurt and everyone wins. it's nowhere near as offensive as the dao fork and that precedent has already been set. Agree 100% with this comment. Adding it to a scheduled fork sounds quite sensible to me. And yes, price is still around $300 where it has been for ages now. I think there has been a lot of over-reaction, some really OTT comments out there on the web. It's not at all helpful or reasonable that people are saying it's the same as the DAO. Particularly that coindesk article titled "The DAO again?" I think they've added the question mark because it is quite obviously not a statement of fact.
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easytipz
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November 08, 2017, 07:20:50 AM |
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Any official information from #ETH dev team?
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bamboylee
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November 08, 2017, 07:27:40 AM |
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Around 930k $ETH (~$280M) are locked because of the Parity bug. The new Parity multisig wallet has a bug that let someone accidentally nuke every single wallet to become not withdrawable. A hard fork might be required to fix the bug. Edit: Here is the list of frozen addresses https://gist.github.com/banteg/f61d256d12158b8c344d7889266f43b5This is the current news I am reading in every crypto group I am joined in. And yes, apparently, the only solution to this problem is another hard fork to free those locked accounts. This is bad for ETH but fortunately it is not yet reflecting on the price of etherium. Maybe every eth users is already used to the fact that every now and then bugs appear to eth and already used to eth hard forking.
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nappoleon
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November 08, 2017, 07:36:56 AM |
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There is still no official announcement on how they are approaching a solution, as they did a hard fork to bail out dao, it gets more easier to do a hard fork this time as they've already done it in the pass. I bet if the hard fork didn't happen before and did some other way around, maybe it wouldn't be so easy to decide to go for a fork again.
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Burgergad
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November 08, 2017, 01:59:17 PM |
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Yes, today really sounded sad news. But, I think Vitalik Buterin will figure out how to solve this problem. And if you need a hard fork, then it will happen.
I think that while it is not worth worrying about this, because Beverin has repeatedly argued that he is doing everything in favor of the community and not only. I believe that everything will be fine with ETH, and they will bring the matter to mind. I still try to buy the airwaves on his small drops for free money.
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feelideb
Full Member
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Activity: 770
Merit: 101
fLibero.financial
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November 08, 2017, 02:09:31 PM |
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Another hardfork is looming on ethereum. I could they possibly recover this huge fund with having to upgrade. Things like this is unavoidable in a new growing technology. I hope ethereum will get better and handle such issue better Ib future.
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BenR
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November 08, 2017, 02:43:47 PM |
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Suggestion: hard fork because it only helps them and doesn't really hurt anyone else.
But some people will panic, so the price will drop. Buy more ETH. then watch the price go back up as people realize it was good thing. Just like ETH vs Classic.
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Burgergad
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November 10, 2017, 06:45:18 PM |
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Another hardfork is looming on ethereum. I could they possibly recover this huge fund with having to upgrade. Things like this is unavoidable in a new growing technology. I hope ethereum will get better and handle such issue better Ib future.
I believe that this is very good if it does not do much harm to the fork itself, as against the background of the hard price the price is growing, and this is very good for making a good profit.
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Chan8
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November 10, 2017, 07:32:46 PM |
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I hope a fork will not be happening, because of another bad coding or sercurity flaws in a smart contract. If this is decide, we will be seeing this too often which wont be good for the ethereum blockchain. Goes to show how full decentralization is not always the best option as these issues can occur often.
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asdalani
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November 11, 2017, 04:54:19 PM |
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Is it valuable? Yes it is. Is it still in development? Yes it is. Will they repair mistakes? Yes they will
Ethereum is kind of worth more than what people think because the smart contract can be also used for regular things.
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cryptosifu
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November 11, 2017, 04:56:47 PM |
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No hard fork. It was an ETH burn.
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Iyanu14
Member
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Activity: 795
Merit: 10
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November 11, 2017, 05:17:20 PM |
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Why do we even come about fork of a coin. Is it an agreement between the pioneer owner of the said coin and the developer of the fork
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