Parity scandel, Devops199 live interview!

[TimtheYoutuber]

Youtube with devops199 and the video interview : https://www.youtube.com/watch?v=ReKRWlZ2o-o

What Happened?

Parity wallet software has had some problems which resulted in a loss of $100 million in user funds. This error could even be more than $100m according to sources. This problem was posted on Github by “devops199”. Any Parity wallet deployed after July 20 that uses the multi signature implementation is effected. This is however not the first time Parity has had problems, earlier they lost as much as $30m.



What are you guy's thoughts on this?

[imtav]

Lame video, not worth the click 

[coin163]

I heard about this scandal, that 500k ETH being frozen in multi-sig Parity because only_uninitialized not set.
Someone has been call function initWallet to become it owner of this address: 0x863df6bfa4469f3ead0be8f9f2aae51c91a907b4
this include fund of Polkadot ICO

[TimtheYoutuber]

Lame video, not worth the click 

It actually has a point

I heard about this scandal, that 500k ETH being frozen in multi-sig Parity because only_uninitialized not set.
Someone has been call function initWallet to become it owner of this address: 0x863df6bfa4469f3ead0be8f9f2aae51c91a907b4
this include fund of Polkadot ICO

I have never even heard of that ICO tbh. Interesting though

[bbc.reporter]

@TimetheYoutuber. Incompetence of some developers has caused this. But I am not saying that all Ethereum developers and contributors are incompetent, some of them are the best in the cryptospace. The problem with some of them is they know the project is no good but they remain to keep silent.

[TimtheYoutuber]

@TimetheYoutuber. Incompetence of some developers has caused this. But I am not saying that all Ethereum developers and contributors are incompetent, some of them are the best in the cryptospace. The problem with some of them is they know the project is no good but they remain to keep silent.

I wouldn't say they are "incompetent" but I think there is work that needs to be done, that is for sure.

[bbc.reporter]

@TimetheYoutuber. Incompetence of some developers has caused this. But I am not saying that all Ethereum developers and contributors are incompetent, some of them are the best in the cryptospace. The problem with some of them is they know the project is no good but they remain to keep silent.

I wouldn't say they are "incompetent" but I think there is work that needs to be done, that is for sure.

So what would you call the developers who are at fault for the vulnerability that has led to millions of dollars of ETH being trapped? I reckon there is no other word for it butincompetence. Also remember that there was another Parity hack last July that allowed a hacker to steal 150,000 ETH.

[TimtheYoutuber]

@TimetheYoutuber. Incompetence of some developers has caused this. But I am not saying that all Ethereum developers and contributors are incompetent, some of them are the best in the cryptospace. The problem with some of them is they know the project is no good but they remain to keep silent.

I wouldn't say they are "incompetent" but I think there is work that needs to be done, that is for sure.

So what would you call the developers who are at fault for the vulnerability that has led to millions of dollars of ETH being trapped? I reckon there is no other word for it butincompetence. Also remember that there was another Parity hack last July that allowed a hacker to steal 150,000 ETH.

As a community we need to get by this and move forward, I wouldnt pin this really on anyone.

[bbc.reporter]

@TimetheYoutuber. Incompetence of some developers has caused this. But I am not saying that all Ethereum developers and contributors are incompetent, some of them are the best in the cryptospace. The problem with some of them is they know the project is no good but they remain to keep silent.

I wouldn't say they are "incompetent" but I think there is work that needs to be done, that is for sure.

So what would you call the developers who are at fault for the vulnerability that has led to millions of dollars of ETH being trapped? I reckon there is no other word for it butincompetence. Also remember that there was another Parity hack last July that allowed a hacker to steal 150,000 ETH.

As a community we need to get by this and move forward, I wouldnt pin this really on anyone.

Maybe that is because you did not have any ETH locked in a contract somewhere. I reckon if you had $150 million locked, you would not be here saying to forget it and move on. Are you also saying no one is at fault?

But I speculate everything will be fixed at the next hard fork when Vitalik orders a roll back of the blockchain again.

[tamango]

I think the incompetence of parity team is unbeliavable....  this type of errors can't be done in this world.....