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Author Topic: Can we wait for an Ethereum fork after Parity problem?  (Read 150 times)
illnino (OP)
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November 10, 2017, 10:27:47 AM
 #1

Some problems were found in Ethereum wallet Parity. Thus the users' funds on these wallets with multi-signature were blocked. It is a result of a critical vulnerability in a smart contract / library activation.
Specialists guess that it can lead to an Ethereum fork.
What can we all wait from it?
Orsenise
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November 10, 2017, 12:41:39 PM
 #2

there is no chance that Ethereum will fork cause of 150 million being locked in the contracts. The market cap of the entire foundation is about thirty billion, 150 clearly doesn't justify the risk being taken to save that money. And the developers have already answered, that the funds might be able to be retrieved in a future update, protocol update that is. The only thing I'd like to remind to people is to keep away from Parity. Honestly these guys keep on messing things up and it affects all of us. First the the stolen funds a couple of months ago, then we the delays in upgrading the new Ethereum version and now freezing capital because they can't properly code. How do they even have so much market share I wonder. Please move to another provider guys, next thing we know there will be a trillion supply created by Parity and all of our tokens will become useless.
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November 10, 2017, 01:21:15 PM
 #3

not a chance.
because of two main reasons:
1. the amount is not that big although it is millions of dollars. and this is not the first time their multi sig is being hacked and not the smallest hack either.
2. the developers like Vitalik are not using parity nor multi sig features so their funds weren't lost like DAO so they don't care.

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svojoe
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November 10, 2017, 01:27:27 PM
 #4

I suppose parity developers team or white hats (or both) will handle this problem without fork in few weeks for sure.

illnino (OP)
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November 11, 2017, 08:19:51 AM
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I suppose parity developers team or white hats (or both) will handle this problem without fork in few weeks for sure.

But how? It looks like it is impossible. And I also read news that they say that al least when will be next ETH fork in 2018 than probably coins will unblock.
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