[ANN] Ethereum: Welcome to the Beginning

[Washika]

let me understand..
 soft fork = all eth on dao frozen and dao holders f**ked
hard fork= dao holders refunded
right?

Yes. But for the soft fork, the DAO holders can use the DAO not yet stolen. They will lose about 3.6 million coins.

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[madmartyk]

let me understand..
 soft fork = all eth on dao frozen and dao holders f**ked
hard fork= dao holders refunded
right?
[/

let me understand..
 soft fork = all eth on dao frozen and dao holders f**ked
hard fork= dao holders refunded
right?

If they do a hard fork is it on DAO or ETH? 

[Roidz]

let me understand..
 soft fork = all eth on dao frozen and dao holders f**ked
hard fork= dao holders refunded
right?

Yes. But for the soft fork, the DAO holders can use the DAO not yet stolen. They will lose about 3.6 million coins.

so dao holders instead of lose all, they will refund with only about 70%? ( if some attacks will not happen again)

[noobtrader]

let me understand..
 soft fork = all eth on dao frozen and dao holders f**ked
hard fork= dao holders refunded
right?

Yes. But for the soft fork, the DAO holders can use the DAO not yet stolen. They will lose about 3.6 million coins.

if we decide to soft fork already, why cant we make all dao token frozen unless sent to certain address hold by dev. then  token can be moved by whatever mean without hardfork

[lordoliver]

let me understand..
 soft fork = all eth on dao frozen and dao holders f**ked
hard fork= dao holders refunded
right?

Yes. But for the soft fork, the DAO holders can use the DAO not yet stolen. They will lose about 3.6 million coins.

if we decide to soft fork already, why cant we make all dao token frozen unless sent to certain address hold by dev. then  token can be moved by whatever mean without hardfork

I think the best would be to soft fork and burn all ETH locking them in the contracts forever after this desaster and ETH price declining. I also invested in DAO, but still.
ETH would be more scarce and every ETH holder gets more worth.
Of course then anyone, who invested all his money in DAO and didn't keep ETH is fucked, but honestly... I don't think anyone should have done that...

[noobtrader]

let me understand..
 soft fork = all eth on dao frozen and dao holders f**ked
hard fork= dao holders refunded
right?

Yes. But for the soft fork, the DAO holders can use the DAO not yet stolen. They will lose about 3.6 million coins.

if we decide to soft fork already, why cant we make all dao token frozen unless sent to certain address hold by dev. then  token can be moved by whatever mean without hardfork

I think the best would be to burn all ETH in the contracts after this desaster and ETH price declining. I also invested in DAO, but still.
ETH would be more scarce and every ETH holder gets more worth. Anyone, who invested all his money in DAO and didn't keep ETH is fucked, but honestly... I don't think anyone should have done that...

yes they invest more than what they willing to lose.
i dont invest in DAO either, and i do prefer burning the eth.  however i think  returning those eth will be more morally correct atm, and should be do able without hardfork if my idea is doable.

[coinits]

But why all the hassle? Just sell your ethers and move to some other altcoin, if you're altcoin lover. There are hundreds of them and much more secure than ethers.

can suggest some...pleeeeeease

BURSTCOIN is the answer. It's always been there waiting for you.

https://bitcointalk.org/index.php?topic=1323657.0;topicseen

[dunfida]

let me understand..
 soft fork = all eth on dao frozen and dao holders f**ked
hard fork= dao holders refunded
right?

Yes. But for the soft fork, the DAO holders can use the DAO not yet stolen. They will lose about 3.6 million coins.

if we decide to soft fork already, why cant we make all dao token frozen unless sent to certain address hold by dev. then  token can be moved by whatever mean without hardfork

I think the best would be to soft fork and burn all ETH locking them in the contracts forever after this desaster and ETH price declining. I also invested in DAO, but still.
ETH would be more scarce and every ETH holder gets more worth.
Of course then anyone, who invested all his money in DAO and didn't keep ETH is fucked, but honestly... I don't think anyone should have done that...

Are you a miner? If you are, you can help that to happen. There is a voting going on with the mining power.

[danandanderson]

let me understand..
 soft fork = all eth on dao frozen and dao holders f**ked
hard fork= dao holders refunded
right?

Yes. But for the soft fork, the DAO holders can use the DAO not yet stolen. They will lose about 3.6 million coins.

Yes, with soft fork all investors lose 3.6 million eth. If the attacker doesnt decide to drain all that is left, what he can still do since nothing has been done to prevent this.
He gets nothing, investors in the DAO lose over 11 million ETH + the price drop of ETH that allready happened becouse of this attack. So the attacker will not get anything, but he made people lose over 1 billion $.

Hard fork is only way to make this right. Attacker will get 0, people will be refunded.

[noobtrader]

let me understand..
 soft fork = all eth on dao frozen and dao holders f**ked
hard fork= dao holders refunded
right?

Yes. But for the soft fork, the DAO holders can use the DAO not yet stolen. They will lose about 3.6 million coins.

Yes, with soft fork all investors lose 3.6 million eth. If the attacker doesnt decide to drain all that is left, what he can still do since nothing has been done to prevent this.
He gets nothing, investors in the DAO lose over 11 million ETH + the price drop of ETH that allready happened becouse of this attack. So the attacker will not get anything, but he made people lose over 1 billion $.

Hard fork is only way to make this right. Attacker will get 0, people will be refunded.

i think the attacker gain something if he/she shorted eth.  btw i still dont like hardfork, i hope we can do it with softfork and maybe counter split attack

[etparle]

let me understand..
 soft fork = all eth on dao frozen and dao holders f**ked
hard fork= dao holders refunded
right?

Yes. But for the soft fork, the DAO holders can use the DAO not yet stolen. They will lose about 3.6 million coins.

Yes, with soft fork all investors lose 3.6 million eth. If the attacker doesnt decide to drain all that is left, what he can still do since nothing has been done to prevent this.
He gets nothing, investors in the DAO lose over 11 million ETH + the price drop of ETH that allready happened becouse of this attack. So the attacker will not get anything, but he made people lose over 1 billion $.

Hard fork is only way to make this right. Attacker will get 0, people will be refunded.

ETH is in such a bad position right now because no matter what they choose to do there is going to be a huge backlash from the public. I'd fucking flip a coin at this point.

[Roidz]

what is actually the % of a possible hard fork after a soft fork?
i mean..we will soft fork, ok, but there will be some possibilities that people will vote really for an hard fork?

[_Victory_]

what is actually the % of a possible hard fork after a soft fork?
i mean..we will soft fork, ok, but there will be some possibilities that people will vore really for an hard fork?

Vitalik Buterin controls Ethereum. He said soft fork.

[cjmoles]

Well, the whole event is very interesting.  I am confident that some very good things will come out of this exposure....it's a good thing that these things are being discovered now because then we can better fortify the platform for future developments.  One thing I know for sure, we can't let the attacker profit off of the exploit....a lot more confidence would be lost if that happens than would be lost due to any type of remedy we impose to prevent it.

[cohnhead]

i see some pools have started voting...I think for soft fork.
ethpool.org & ethermine.org
Is that voting moot....(only 25% have voted).
I don't see any other pools with this option to vote yet...like dwarfpool

yet it seems like soft fork definitely going to happen regardless.

[danandanderson]

Many things interesting about eth/the dao/ attack.
The Dao was the highest crowdfunding project in history, yet there was almost zero news about this in mainstream media !? They report when some ,,stupid,, gadget raises 2 million and there is almost nothing written about project that got 150 million, strange. If ETH / the Dao has marketing expert they should fire him/her immediatly.

Than we have this ,,error,, that was announced a week or so before the attack, slockit team asking 1.5 million to repair this and since no one was willing to pay they left it as it is. The attacker obviously took advantage of this. The team that has written the code that has holes should repair it free of charge! That is how normal buissines is done. You deliver something that doesnt do what it should it is your obligation to make it work, if you want to keep your reputation and good name.

With the money involved in eth and the dao all of this is unacceptable, everything is handeled on an amateur level.
And when reading why not to do a hard fork it is even more obvios that there should be more ,,training,, videos and articels done, so people could see a wider picture and get educated about how buissines is handeled. If ETH wants to keep its rise and momentum, hard fork has to be done. Why? Becouse we all know that wrong can be made wright! We can fix the theft and return all that was taken. Immagine how it will look if this is not done, you could change and repair something, have all the tools but you havent done it?? You will look like a fool if you dont do this, and this is how ETH community will look like if we will not support hard fork.

[MinermanNC]

I am a miner and think a fork is in order in this particular instance.

This same exploiter person could have just as easily exploited 10 coins, then stopped and reported this bug to the devs and allowed for a quick fix.

But no, he chose the more criminal path,,, that of a common burglar,,, he should be denied every pennies worth of Ethereum he stole.

Ethereum will still be decentralized and justice will be served- through denying the burglar his bounty.

Hurry up and put the fork out there and let us miners decide. The devs cannot be held responsible if they write the code fix and put it out there for a ton of anonymous miners to decide to act on the new fork.  

Ethereum is still a great concept although not perfect.

[wallflies]

temp soft fork only =  return of all funds   

https://twitter.com/feindura

To fully get all the money we need a temporary Soft Fork! It’s a community decision, so make it happen!

[RayX12]

I am a miner and think a fork is in order in this particular instance.

This same exploiter person could have just as easily exploited 10 coins, then stopped and reported this bug to the devs and allowed for a quick fix.

But no, he chose the more criminal path,,, that of a common burglar,,, he should be denied every pennies worth of Ethereum he stole.

Ethereum will still be decentralized and justice will be served- through denying the burglar his bounty.

Hurry up and put the fork out there and let us miners decide. The devs cannot be held responsible if they write the code fix and put it out there for a ton of anonymous miners to decide to act on the new fork.  

Ethereum is still a great concept although not perfect.

Yep,
Live and learn.
FORK IT!

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