[ANN] Ethereum: Welcome to the Beginning

[vectisitch]

all trading should be stopped at this point until a solution is implemented. people are losing too much money because of a criminal. panick selling has dropped the guts out of this already. once the hacker starts dumping our investment will be worth shit. stop the trading for now. this will stop the dumping and also stop the thief from dumping until he's found and suitably delt with

[MangoRush]

Ethereum is toast now.  Its basic foundation is shaken.  Sell now and get out.

[Its About Sharing]

I can see that fungibility is a very important aspect of both a money and a decentralized programmable platform.

I think Ethereum would be better off to just let the thief make off with the coin. Try somehow to allow for tracking so they can bust him.
But a rollback or software fix is the end but Vitalik has already made that statement.
Ouch.

[M28MmickT]

Let's make this clear, to the hacker:

Being decentralized means being in the power of people, not a directive board or in the code, you just stole 3.6 million ether but for nothing because you will not be able to withdraw you dumb, you can't take any legal action because people (51%) did not authorized your theft, and you said you will sue? LOL yes, sue us all 10k investors,  you are speaking only fantasies.  

Then to slock it and ethereum team:

Ethereum should make a hard fork and return all ether to DAO holders, that was just a buggy code giving away money to a robber without a reason, the people behind this DAO (investors) never authorized that DAO split, otherwise I would think of an INSIDE job and I would call you all scammers, slock.it and Ethereum, and with more reason now that slock it is closing, if you don't make the roll back this will look like an scam by you.

[lordoliver]

Let's make this clear, to the hacker:

Being decentralized means being in the power of people, not a directive board or in the code, you just stole 3.6 million ether but for nothing because you will not be able to withdraw you dumb, you can't take any legal action because people (51%) did not authorized your theft, and you said you will sue? LOL yes, sue us all 10k investors,  you are speaking only fantasies.  

Then to slock it and ethereum team:

Ethereum should make a hard fork and return all ether to DAO holders, that was just a buggy code giving away money to a robber without a reason, the people behind this DAO (investors) never authorized that DAO split, otherwise I would think of an INSIDE job and I would call you all scammers, slock.it and Ethereum, and with more reason now that slock it is closing, if you don't make the roll back this will look like an scam by you.

you are the dumb. The attacker won already. because he has a 3k put on ethereum. And if we hard fork, ethers price will never recover...
I can just repeat myself. offer him the option to give 90% back.

[itismoney4me]

I can see that fungibility is a very important aspect of both a money and a decentralized programmable platform.

I think Ethereum would be better off to just let the thief make off with the coin. Try somehow to allow for tracking so they can bust him.
But a rollback or software fix is the end but Vitalik has already made that statement.
Ouch.

Agreed it hurts but it's true

[xxxgoodgirls]

Is the hardfork going to happen for sure?

[digi123]

Let's make this clear, to the hacker:

Being decentralized means being in the power of people, not a directive board or in the code, you just stole 3.6 million ether but for nothing because you will not be able to withdraw you dumb, you can't take any legal action because people (51%) did not authorized your theft, and you said you will sue? LOL yes, sue us all 10k investors,  you are speaking only fantasies.  

Then to slock it and ethereum team:

Ethereum should make a hard fork and return all ether to DAO holders, that was just a buggy code giving away money to a robber without a reason, the people behind this DAO (investors) never authorized that DAO split, otherwise I would think of an INSIDE job and I would call you all scammers, slock.it and Ethereum, and with more reason now that slock it is closing, if you don't make the roll back this will look like an scam by you.

Agree.
Letting anyone get away with this would be madness and the most detrimental outcome.

[shojayxt]

I can see that fungibility is a very important aspect of both a money and a decentralized programmable platform.

I think Ethereum would be better off to just let the thief make off with the coin. Try somehow to allow for tracking so they can bust him.
But a rollback or software fix is the end but Vitalik has already made that statement.
Ouch.

I'm curious as to what laws were actually broken that this individual could be prosecuted for and if there were any laws that were broken what entity would have jurisdiction for prosecution.

Regardless,  this is certainly the biggest mess to befall cryptocurrency since Mt Gox.  The amount of value that has evaporated is staggering.

[M28MmickT]

Let's make this clear, to the hacker:

Being decentralized means being in the power of people, not a directive board or in the code, you just stole 3.6 million ether but for nothing because you will not be able to withdraw you dumb, you can't take any legal action because people (51%) did not authorized your theft, and you said you will sue? LOL yes, sue us all 10k investors,  you are speaking only fantasies.  

Then to slock it and ethereum team:

Ethereum should make a hard fork and return all ether to DAO holders, that was just a buggy code giving away money to a robber without a reason, the people behind this DAO (investors) never authorized that DAO split, otherwise I would think of an INSIDE job and I would call you all scammers, slock.it and Ethereum, and with more reason now that slock it is closing, if you don't make the roll back this will look like an scam by you.

you are the dumb. The attacker won already. because he has a 3k put on ethereum. And if we hard fork, ethers price will never recover...
I can just repeat myself. offer him the option to give 90% back.

What means your "3k put on ethereum" ?? you are more dumb than the attacker, those bugs should affect the price for sure as any other bug on technologies but thats all, your "eth price will never recover" is only your proofless especulation opinion, as any other on the speculation topic.

People don't make deals with thieves, he will get 0 ether.

90% back?, if someone gets into your hause and takes your 5 childs, you will say "hey just return me 4 of them"?? , you are very idiot.

[hamzatu]

Did anyone else notice that this exploit was predicted ten days ago? Why wasn't something done then?

http://www.coindesk.com/dao-can-keep-becoming-next-mt-gox/

[M28MmickT]

Did anyone else notice that this exploit was predicted ten days ago. Why wasn't something done then.

http://www.coindesk.com/dao-can-keep-becoming-next-mt-gox/

That is and for other reasons why I stated if there isn't a full Ether re-fund to investors via the fork, Devs will automatically appear as the thieves.

[lordoliver]

Let's make this clear, to the hacker:

Being decentralized means being in the power of people, not a directive board or in the code, you just stole 3.6 million ether but for nothing because you will not be able to withdraw you dumb, you can't take any legal action because people (51%) did not authorized your theft, and you said you will sue? LOL yes, sue us all 10k investors,  you are speaking only fantasies.  

Then to slock it and ethereum team:

Ethereum should make a hard fork and return all ether to DAO holders, that was just a buggy code giving away money to a robber without a reason, the people behind this DAO (investors) never authorized that DAO split, otherwise I would think of an INSIDE job and I would call you all scammers, slock.it and Ethereum, and with more reason now that slock it is closing, if you don't make the roll back this will look like an scam by you.

you are the dumb. The attacker won already. because he has a 3k put on ethereum. And if we hard fork, ethers price will never recover...
I can just repeat myself. offer him the option to give 90% back.

What means your "3k put on ethereum" ?? you are more dumb than the attacker, those bugs should affect the price for sure as any other bug on technologies but thats all, your "eth price will never recover" is only your proofless especulation opinion, as any other on the speculation topic.

People don't make deals with thieves, he will get 0 ether.

90% back?, if someone gets into your hause and takes your 5 childs, you will say "hey just return me 4 of them"?? , you are very idiot.

Put means, that he actually gains, if ether drops.
It was not a bug of ethereum. The action of the attacker was not against the ethereum law. The DAO had the bad code. If we change ether because of this, the developers/miners are setting an authority, which it is not supposed to have. DAO was the decentralized authority code, but it was written wrong.
And with the child... What a comparison. We are talking about money here. Not life. So would you give your child for half a million ether?
This is negotiating. Every stakeholder will be fine with a 10% loss. I am... at the moment we lost already more than 50% of ALL funds by price decrease anyway, so what do you want... this is more than the attacker even took...

[M28MmickT]

Let's make this clear, to the hacker:

Being decentralized means being in the power of people, not a directive board or in the code, you just stole 3.6 million ether but for nothing because you will not be able to withdraw you dumb, you can't take any legal action because people (51%) did not authorized your theft, and you said you will sue? LOL yes, sue us all 10k investors,  you are speaking only fantasies.  

Then to slock it and ethereum team:

Ethereum should make a hard fork and return all ether to DAO holders, that was just a buggy code giving away money to a robber without a reason, the people behind this DAO (investors) never authorized that DAO split, otherwise I would think of an INSIDE job and I would call you all scammers, slock.it and Ethereum, and with more reason now that slock it is closing, if you don't make the roll back this will look like an scam by you.

you are the dumb. The attacker won already. because he has a 3k put on ethereum. And if we hard fork, ethers price will never recover...
I can just repeat myself. offer him the option to give 90% back.

What means your "3k put on ethereum" ?? you are more dumb than the attacker, those bugs should affect the price for sure as any other bug on technologies but thats all, your "eth price will never recover" is only your proofless especulation opinion, as any other on the speculation topic.

People don't make deals with thieves, he will get 0 ether.

90% back?, if someone gets into your hause and takes your 5 childs, you will say "hey just return me 4 of them"?? , you are very idiot.

Put means, that he actually gains, if ether drops.
It was not a bug of ethereum. The action of the attacker was not against the ethereum law. The DAO had the bad code. If we change ether because of this, the developers/miners are setting an authority, which it is not supposed to have. DAO was the decentralized authority code, but it was written wrong.
And with the child... What a comparison. We are talking about money here. Not life. So would you give your child for half a million ether?
This is negotiating. Every stakeholder will be fine with a 10% loss. I am... at the moment we lost already more than 50% of ALL funds by price decrease anyway, so what do you want... this is more than the attacker even took...

The atacker is clearly not doing it only for the money, he wants to kill DAO (which succeded) and hurt Ethereum, if he receives the funds stolen he will not return anything, I only stated than negotiating with thieves is wrong in crypto, outside life and any other environment just like the governments do (the few correct things governments do), this is what can really kill ethereum if they start making deals with a supposed hacker putting us down to a cryptsy scammy exchange level.

[Gyrsur]

Let's make this clear, to the hacker:

Being decentralized means being in the power of people, not a directive board or in the code, you just stole 3.6 million ether but for nothing because you will not be able to withdraw you dumb, you can't take any legal action because people (51%) did not authorized your theft, and you said you will sue? LOL yes, sue us all 10k investors,  you are speaking only fantasies.  

Then to slock it and ethereum team:

Ethereum should make a hard fork and return all ether to DAO holders, that was just a buggy code giving away money to a robber without a reason, the people behind this DAO (investors) never authorized that DAO split, otherwise I would think of an INSIDE job and I would call you all scammers, slock.it and Ethereum, and with more reason now that slock it is closing, if you don't make the roll back this will look like an scam by you.

you are the dumb. The attacker won already. because he has a 3k put on ethereum. And if we hard fork, ethers price will never recover...
I can just repeat myself. offer him the option to give 90% back.

What means your "3k put on ethereum" ?? you are more dumb than the attacker, those bugs should affect the price for sure as any other bug on technologies but thats all, your "eth price will never recover" is only your proofless especulation opinion, as any other on the speculation topic.

People don't make deals with thieves, he will get 0 ether.

90% back?, if someone gets into your hause and takes your 5 childs, you will say "hey just return me 4 of them"?? , you are very idiot.

Put means, that he actually gains, if ether drops.
It was not a bug of ethereum. The action of the attacker was not against the ethereum law. The DAO had the bad code. If we change ether because of this, the developers/miners are setting an authority, which it is not supposed to have. DAO was the decentralized authority code, but it was written wrong.
And with the child... What a comparison. We are talking about money here. Not life. So would you give your child for half a million ether?
This is negotiating. Every stakeholder will be fine with a 10% loss. I am... at the moment we lost already more than 50% of ALL funds by price decrease anyway, so what do you want... this is more than the attacker even took...

The atacker is clearly not doing it only for the money, he wants to kill DAO (which succeded) and hurt Ethereum, if he receives the funds stolen he will not return anything, I only stated than negotiating with thieves is wrong in crypto, putside life and any other environment just like the governments do, this is what can really kill ethereum if they start making deals with a supposed hacker putting us down to a cryptsy scammy exchange level.

Ethereum will never be same like before this incident either way. if they decide to HF or block the "attacker" address it's not decentralized anymore.

[wallflies]

What the ‘Fork’ Really Means

https://blog.slock.it/what-the-fork-really-means-6fe573ac31dd#.3ra8uw1r7

[lambofan]

Did anyone else notice that this exploit was predicted ten days ago? Why wasn't something done then?

http://www.coindesk.com/dao-can-keep-becoming-next-mt-gox/

Yeah,  Who would have thought that could happen.

[nihilnegativum]

Ethereum will never be same like before this incident either way. if they decide to HF or block the "attacker" address it's not decentralized anymore.

Hard-fork in this case isn't really an issue of decentralization, its about the mode of legitimacy and the consensus about it. People that are in favor of smart-contracts as the new form of legitimacy should mine on the fork that favors the DAO's law against its spirit, and the people that are in favor of smart-contracts requiring safeguards, like banks and current laws, should mine on the fork that favors the spirit of DAO against it's law. If one fork wins over the other, it doesn't mean its decentralized, but it will probably mean that people much prefer the human law and not the smart-contracts, ironically, even when they invested in DAO exactly for the opposite reason. Of course this is painting it rather black and white, a more sane approach would just be to say we're obviously not ready for smart-law and it will take a while before we can get there, with perhaps many more forks in the road.

[alienesb]

ETH will be fine because the gpu miners want something not yet killed by asics.

[LiQio]

Ethereum will never be same like before this incident either way. if they decide to HF or block the "attacker" address it's not decentralized anymore.

If it's miners that decide whether to walk path A or path B, I'm not entirely sure, why it should be less decentralized than before.