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Author Topic: [ANN] Ethereum: Welcome to the Beginning  (Read 2004320 times)
metropolit
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Lisk will be #1 alt in 2019.


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June 19, 2016, 07:27:21 PM
 #8321

Acctually they will shut it down and return the ETH back to the investors. It's called hard fork and this is most likely scenario which is great in my opinion, investors lose nothing (except huge price drop in Ether) and the hacker gets nothing (except what he gained on trading when he knew the Dao and Ether price will collapse).

TheDao funds are frozen for another 27 days, after that Ether crew will do what i wrote.
Justicemaxx
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June 19, 2016, 07:54:09 PM
 #8322

   Who has not seen.. https://blog.slock.it/what-the-fork-really-means-6fe573ac31dd#.f2cg1hnah on the one hand soft plug blocking means.. but then you can think about what to do with them.. might be able to provide a decision, the main coins will not go to the market and will not be able even to hurt the price of live. And the fact that they cannot drain the main owners as well because the course is not selling. Although not very well as part of a separate people. have invested a lot in DAO. There is also the view that in this case, to return to the community of ether it will buy in the market and that could be the cause of the collapse.. that is to buy cheaper to return in exchange for tokens of the DAO.
But hardwork there is a very entertaining, no rollback blocks hashing.. that is a cool option, I don't know what is best. Need to perform further steps, then, in the framework of DAO system ether.
limbaugh
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June 19, 2016, 07:58:26 PM
 #8323

Acctually they will shut it down and return the ETH back to the investors. It's called hard fork and this is most likely scenario which is great in my opinion, investors lose nothing (except huge price drop in Ether) and the hacker gets nothing (except what he gained on trading when he knew the Dao and Ether price will collapse).

TheDao funds are frozen for another 27 days, after that Ether crew will do what i wrote.

They can fork to prevent hacker from massive profit but they should burn the stolen ETH. This would help restore the value the DAO and DAO investors cost ETH.

This isn't preschool, there are no do-overs for bad investment decisions. The DAO investors or any others should never get preferential treatment.

Put on your big boy pants DAO tools.

metropolit
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Lisk will be #1 alt in 2019.


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June 19, 2016, 08:18:55 PM
 #8324

They will shut down theDAO if i understood correctly from this interview: https://www.youtube.com/watch?v=GvgTivwzcuo

The trust of that dapp has been lost and it's better to build a new one and have this one terminated.
Justicemaxx
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June 19, 2016, 08:28:49 PM
Last edit: June 25, 2016, 08:14:46 AM by Justicemaxx
 #8325

Then there's like written in the thread in DAO about all that is going on, I agree 100%+:
the user Grybold
"In General, for myself decided the following:

About DAO and Ether:
1. Broadcast as a platform for smart contracts is undoubtedly the next step cryptoviruses.
2. The draft DAO is truly a revolutionary idea.
3. The revolutionary aspect of this idea will be revealed in full, when will be funded, then work funded projects.

About the break:
1. Hacking has undermined the credibility of the project TheDAO on the part of investors.
2. The idea which is going to implement TheDAO will be developed, by whom and in what form will understand in the near future, breaking this bump that came across on the road.
3. The volatility of the Ether ... it's just volatility, because the injured one, albeit the largest project on the platform of the Ether.

About decentralization:
1. The idea of decentralization is a great idea, but now she follows a path of becoming, we (cryptologist) have not yet exploited to the full, we run and test, trying to understand the capabilities that it includes.
2. TAO is an implementation of a decentralized system of relationships created by PEOPLE, designed to benefit people on a global scale, therefore, being innovative in the technological and social scale, it is a priori fraught with problems (bugs), sometimes critical, and our goal is to bring these problems to a minimum.
3. When it detects critical problems can slow the development of the system (stress - to slow, not stop, because the idea of decentralization, a simple break-do not destroy) these problems should be eliminated, i.e. to find the cause and to make sure that this does not occur in the future.
4. Yes the hacking was performed according to the rules of the basic smart contract, but we (the crypto community) see that the hacking was caused by a mistake in the contract, this smart contract triggered incorrectly, this should not be. If you forgot to lock the door and you get robbed, it is your fault that you forgot about security, but this is your house, a TV and a kitchen set do not automatically go to the one who entered your house through nezapertoy the door and robbed the apartment.
5. Investments in decentralization is first and foremost a trust, it motivates the development of ideas and projects with it (decentralization) related that the money invested is a form of trust, so at this stage, investors need to regain that trust.
6. Since in this case the trust is invested, they should be back where they were stolen, showing that in a critical situation the community is able to respond adequately to, not replacing the concept of decentralization and the critical mistakes at the stage of development of the system.

About future events (IMHO):
1. The ether is not in danger, because it is not compromised, 2-3 weeks and the new high $ and the cue ball will see, and after Polovinnaya the cue ball will go higher.
2. After soft-hard fork (most likely it will hold) the project team theDAO will continue its efforts to create a DAO Link. Some investors will withdraw the tokens in the air, I guess the output token will be accompanied by their combustion. Some investors tokens will not withdraw, I think that will remain 60-70% of tokens from the total number generated.
3. The complete elimination of the current smart contract (unless you consider that all the new transports, this will clean unnecessary) and especially the project TheDAO regard as extremely unlikely.
4. Possibly followed by the creation of a new contract created in accordance with the code of audit, this contract will move all remaining tokens.
5. A further approach to writing smart contracts will be accompanied by a serious code audit, gradually, within 2-3 months we will see good growth rates DAO tokens, which will signal the restoration of confidence.
6. Followed by even greater appreciation of the DAO ecosystem because the new DAO will have to consider the mistakes of the pioneers theDAO.
7. As one would expect the development of ideas will continue, the current break will be considered as an event which retarding influence on the development of the Institute of TAO, how slow we have the chance to see it in the near future, as well as to affect".
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June 19, 2016, 08:32:07 PM
 #8326


yes they will "shut down", nevertheless its not like a power off or delete button.
roselee
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June 19, 2016, 08:46:12 PM
 #8327

hmmm right investors get back what they invested hmmm reminds me of a running word 2008 to big to fail
investors take a risk and get if they are lucky big reward if not lucky lose all
isnt that what risico investment means ?
and not like the old paradigma privatice winning  and socialice losses ?
if they roll it back it means every ether holder will pay for there bad investment and the roll back isnt it ?
didnt slock.it do the code
what do they say to it ?


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June 19, 2016, 08:55:44 PM
 #8328


suprnova pools - reliable mining pools - #suprnova on freenet
https://www.suprnova.cc - FOLLOW us @ Twitter ! twitter.com/SuprnovaPools
TheStuhlman
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https://twitter.com/JStuhlman


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June 19, 2016, 08:57:53 PM
 #8329


Read my take on the debates taking place now.

https://steemit.com/dao/@joseph/the-dao-byzantine-debate



roselee
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June 19, 2016, 09:27:06 PM
 #8330

hmmm Smiley

martinholly167
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June 19, 2016, 09:32:23 PM
 #8331

8 vecí, ktoré by ste mali vedieť o líšky

https://www.coingecko.com/buzz/lisk-ecosystem-and-currency        Wink Wink Wink
martinholly167
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June 19, 2016, 09:38:32 PM
 #8332

8 things you should know about lisk

https://www.coingecko.com/buzz/lisk-ecosystem-and-currency Cool Wink Cool
notbatman
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June 19, 2016, 11:38:30 PM
 #8333

The DAO is up 13.87% in the last 24h.
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June 20, 2016, 12:01:54 AM
 #8334

The DAO is up 13.87% in the last 24h.

https://twitter.com/vessenes/status/744571376225255424

vessenes
‏@vessenes
.@The_DAO_Project , about #theDAOHack. There are more vulns, ones which I hesitate to write up because I've not heard back. #How2disclose?

... Roll Eyes
6436346346
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June 20, 2016, 12:03:54 AM
 #8335

The DAO is up 13.87% in the last 24h.

Hell, if they are getting bailed out by mum and dad, why not, right?







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lanbo
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June 20, 2016, 12:10:02 AM
 #8336

If it wasn't for the hack price per ETH should be more than $20 by now.
LBX
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A


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June 20, 2016, 12:46:15 AM
 #8337

If it wasn't for the hack price per ETH should be more than $20 by now.

If it's true
At this moment it is wrong time to GO  TO  20$
It will be the biggest dump up to  50%-75%
 
It was pumped to $ 12
and now people are not afraid and then
People start to return to buy
be careful

Rise slightly and then a big dump
Because some people want to make up for losses
Mrpumperitis
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June 20, 2016, 01:14:37 AM
 #8338

lets do this  Cool
https://www.youtube.com/watch?v=q6zds_956No
Lil Jon Ft East Side Boyz & Ice Cube - Roll Call

Technically Bitcoin is a fork and Bitcoin Cash is the original blockchain.When the hard fork occurred, people had access to the same amount of coins on Bitcoin and Bitcoin Cash.- NIST
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June 20, 2016, 02:37:14 AM
 #8339

Vitalik Buterin 18 Jun 2016  
https://twitter.com/VitalikButerin/status/744316488232767488
‏@VitalikButerin
I'd like to see at least 10% of the network running parity in 1 week; this is as good an opportunity to get client decentralization as any

https://ethcore.io/parity.html

Well done VB  Smiley
Well done GW  Smiley
Well done ETH  Smiley


Technically Bitcoin is a fork and Bitcoin Cash is the original blockchain.When the hard fork occurred, people had access to the same amount of coins on Bitcoin and Bitcoin Cash.- NIST
Mrpumperitis
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June 20, 2016, 02:48:03 AM
 #8340


Read my take on the debates taking place now.

https://steemit.com/dao/@joseph/the-dao-byzantine-debate




gd read , +1

Technically Bitcoin is a fork and Bitcoin Cash is the original blockchain.When the hard fork occurred, people had access to the same amount of coins on Bitcoin and Bitcoin Cash.- NIST
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