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Author Topic: [ANN] Ethereum: Welcome to the Beginning  (Read 2004003 times)
superman1314
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June 22, 2016, 05:17:41 PM
 #8461

Nice price recover
The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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Riddikulo
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June 22, 2016, 05:20:11 PM
 #8462

Nice price recover

Yes, but why? To me this seems a whale manipulation to sell the rest of the coins before the big crash. Dao hack and Eth chain insecure, this should be dead.
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June 22, 2016, 06:02:18 PM
Last edit: June 22, 2016, 06:14:59 PM by Mrpumperitis
 #8463

https://blog.ethcore.io/how-we-find-common-ground-and-settle-our-differences/

How we find common ground and settle our differences.
22 June 2016

To look at Ethereum social media today you might think that we had somehow been invaded by some obscure political subreddit. Words like ‘principles’, ‘ideologies’, and ‘zealotry’ are being thrown around. It has been somewhat different from the collegial atmosphere that we have enjoyed in the past six months; but it is an inevitable result of the situation we find ourselves in.

There is a debate going on and it is an important one.

Unlike other posts you will read today this post is not to argue the case for one side or another but rather to re-assure everyone involved that this will be resolved and that the process for resolving this is happening right now. Here I will talk about how the Ethereum developers will build the tools for the community to resolve a situation like this - and how this process should unfold.

Let us distill the issues at hand:

    There are a large number of Ethereum users who would like to change the social consensus that currently exists on the state of the Ethereum blockchain.
    In particular they wish to ‘transfer’ Ether from one location into the hands of another group of individuals.
    It is mooted that the only way to achieve this outcome effectively is for a new version of the client software to be built and adopted by users of the network.

Note that I am only concerned here with these three very generic sounding items; this is not about the arguments for and against - only the way it has played out so far and the way we see it continue to play out over the coming weeks.

What has happened so far:

    Signalling a problem: On Friday morning it was discovered that someone had found an exploit in theDAO’s code which allowed them to drain Ether that did not belong to them. The immediate response was visceral - Ether and DAO Tokens dropped in value dramatically and social media was inundated with anxious requests for news on what was going on. Users started spamming the network with transactions to stop the attacker from drawing any more Ether out. Exchanges and other endpoints requested advice on how they should proceed. This was the first signal that a normally immutable change had been made to the blockchain which was considered undesirable/unacceptable to a (potential) majority of the people who use the network.
    Response: The core developers who maintain the clients used on the public chain looked at the code that was being exploited and determined quite quickly that the attacker would not be able to seize full control of the ether for another 27 days. This meant that there was sufficient time to properly analyse the problem and see how it could be addressed. In order to buy further time to examine the issue a modification of the Parity and Geth clients was quickly coded up. This soft fork would stop Ether from leaving the attacking DAO indefinitely if the change is adopted by sufficient number of miners. This is a decision made by the network (not the developers).
    Discussion begins: It becomes clear that there are options to change the state of consensus in the manner that a large faction might feel would be desirable. Positions were put forward and arguments made. Pro or anti-groups debated the merits and pitfalls. A soft fork proposal and implementation were created and debated for both Parity and Geth. A ‘Hard Fork’ proposal is made, then discussed and debated. (A group of “vigilante” DAO curators, unilaterally, launched a white hat attack, apparently in an attempt to secure the remaining funds and cripple the attacker DAO.)

What will happen next:

    The first decision: With clients incorporating the soft fork amendments having been made available, the miners are in a position to make a decision on whether or not to adopt this fork. Their economic incentive is to act in the interests of the community in order to maintain the value of their mining rewards, and to herd with the largest group of miners since they are only incentivised to mine on the longest chain. It is possible that if insufficient miners choose to implement the soft fork, the stolen Ether will not be frozen. In this case the Ether will go to the attacker 27 days after his attack.
    Debate continues: The parties involved will make their arguments to one another during this period. The parties and their incentives are diverse - a miner might have completely different view of the situation to, say, an exchange owner; likewise a ‘holder’ will see things very differently from, say, a dapp developer. Those who are not members of the Ethereum or DAO community per se, but perhaps fans of other crypto projects introduce additional entropy. Individuals will make decisions on what they will want to see happen.
    Second signal: This debate will give the developers a clear idea of where the boundaries of the issues lie and what options users of the network would like to have available to them. Once they know the options that need to be available, they will code up a modification of Parity and Geth to give those options to users. This will likely necessitate a ‘deadline’ for the network for either changing the blockchain state or keeping it as it is. Forking or not forking.
    Countdown: All types of users will be faced with a choice - no one group of users can dictate to another that the alteration should happen or not. Miners, users, exchanges and developers can ‘vote with their feet’ if necessary. A hard fork’s success is measured in the level of acceptance it garners with users.
    Resolution: Exchanges, Miners and Users all pick their choice of software. A majority is formed on one side of the hard fork or the other. Users who stay on the minority version of Parity or Geth will find themselves out of consensus with the majority.
    Social consensus is reached: At this point either the fork will have gone ahead or not and the network will be on one state or the other - dependent on the decisions made by the users. The network continues.

It is important to note that throughout this process the developers are not expected to remain agnostic or indifferent. They are important players in the ecosystem and will likely voice their opinions on how best to evolve the network. However, assuming they wish to protect their own existence and relevance, they will inevitably provide support to as much of the userbase as possible, even those who do not share their opinion. They will create clients that are capable of switching to a new fork if the users desire it - pretty much the greatest contribution to the common good they can make.

You can expect them to be vocal in their recommendations and professional in the work they do for you, as a member of the Ethereum community. And once this decision is made, to continue to build the best technology for you to use - regardless of the outcome.

This will be up to you and we are listening.

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 22, 2016, 07:19:26 PM
 #8464

https://blog.slock.it/white-hat-siphoning-has-occurred-what-now-f7ba2f8d20ef#.9h5pog4ha

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 22, 2016, 07:31:25 PM
Last edit: June 22, 2016, 08:37:10 PM by Mrpumperitis
 #8465

https://np.reddit.com/r/ethereum/comments/4pc6yh/white_hat_siphoning_has_occurred_what_now/
eze111 7 points 33 minutes ago

Hard Fork recovery:
"The timeline for such a scenario would be relatively short; 1–2 weeks to implement and test the hard fork code and then another week for the community to update their clients. So after 3 weeks the refund process for all DTHs could start and everyone would get 100% of their ETH back in a guaranteed fashion."

Targeted Soft Fork recovery:
White Hat DAOs (7,630,479 ETH) in 38 days
Dark DAO (3.64 mil ETH) in 71 days
Small Dark DAOs (Huh ETH) in 71 days
Extra Balance (344,907 ETH) in 14 days




Im not sure on the accuracy of these dates.
I have been reading alot and i think its now time to hardfork and end all this.
The hardfork will bring many updates which will make ETH much stronger than it has ever been.

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 22, 2016, 08:40:07 PM
 #8466

Gavin Wood presentation hack of the DAO smart contract and options Ethereum community #dbc16
https://www.youtube.com/watch?v=KaOGtH7J0WE
Published on 21 Jun 2016
On June 20th co Founder Ethereum Gavin Wood gave a interesting presentation on the hack of the DOA smart contract.
He describes how the hack of the smart contract, unrelated to Ethereum, happend and what the options are of the community in the next 30 days.
Thanks Gav  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
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A Great Time to Start Something!


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June 22, 2016, 10:17:58 PM
 #8467

You people could have bought ETH for ~25% of the current price, but impatient people had to restart the mania too soon!
Am I wrong?
Good luck with your insane rally.   Smiley

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June 22, 2016, 10:26:59 PM
 #8468

Gavin Wood presentation hack of the DAO smart contract and options Ethereum community #dbc16
https://www.youtube.com/watch?v=KaOGtH7J0WE
Published on 21 Jun 2016
On June 20th co Founder Ethereum Gavin Wood gave a interesting presentation on the hack of the DOA smart contract.
He describes how the hack of the smart contract, unrelated to Ethereum, happend and what the options are of the community in the next 30 days.
Thanks Gav  Smiley


it was not unreleated. solidity did make the "hack" feasible. the (smart) contract was not fully described if you will say it in this way.

DAO was an idea of some romantic nerds with wet dreams. get a woman instead.  Grin

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June 23, 2016, 01:33:18 AM
 #8469

All of the present options for rescue "are made possible by the time-based failsafes that Christoph Jentzsch wisely implemented into DAO Framework v1.0".

https://blog.slock.it/white-hat-siphoning-has-occurred-what-now-f7ba2f8d20ef#.6fqexdvqv
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June 23, 2016, 04:05:00 AM
 #8470

https://np.reddit.com/r/ethereum/comments/4pc6yh/white_hat_siphoning_has_occurred_what_now/
eze111 7 points 33 minutes ago

Hard Fork recovery:
"The timeline for such a scenario would be relatively short; 1–2 weeks to implement and test the hard fork code and then another week for the community to update their clients. So after 3 weeks the refund process for all DTHs could start and everyone would get 100% of their ETH back in a guaranteed fashion."

Targeted Soft Fork recovery:
White Hat DAOs (7,630,479 ETH) in 38 days
Dark DAO (3.64 mil ETH) in 71 days
Small Dark DAOs (Huh ETH) in 71 days
Extra Balance (344,907 ETH) in 14 days




Im not sure on the accuracy of these dates.
I have been reading alot and i think its now time to hardfork and end all this.
The hardfork will bring many updates which will make ETH much stronger than it has ever been.



is there a link that shows what the hf or sf will implement?
and do we know who will code this now ?

6436346346
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June 23, 2016, 04:52:58 AM
 #8471

https://np.reddit.com/r/ethereum/comments/4pc6yh/white_hat_siphoning_has_occurred_what_now/
eze111 7 points 33 minutes ago

Hard Fork recovery:
"The timeline for such a scenario would be relatively short; 1–2 weeks to implement and test the hard fork code and then another week for the community to update their clients. So after 3 weeks the refund process for all DTHs could start and everyone would get 100% of their ETH back in a guaranteed fashion."

Targeted Soft Fork recovery:
White Hat DAOs (7,630,479 ETH) in 38 days
Dark DAO (3.64 mil ETH) in 71 days
Small Dark DAOs (Huh ETH) in 71 days
Extra Balance (344,907 ETH) in 14 days




Im not sure on the accuracy of these dates.
I have been reading alot and i think its now time to hardfork and end all this.
The hardfork will bring many updates which will make ETH much stronger than it has ever been.



is there a link that shows what the hf or sf will implement?
and do we know who will code this now ?


I believe this is the soft-fork implementation

https://github.com/ethereum/go-ethereum/pull/2715/commits/0bab00ab697b3a37af52d5908ebe799c9fbdbb9e

They added a generic blacklist, so they can add more transactions that they deem unwanted or suspicious in the future, so at any point they could decide you contract is unwanted and block miners from processing it.

Code:
	IllegalCodeHashesFlag = cli.StringFlag{
Name:  "illegal-code-hashes",
Usage: "Comma separated list of code-hashes to ignore any interaction from",
}

but its ok, cause the called it a whitelist in code, so its no longer a blacklist, right?

Code:
	daoHash   = common.HexToHash("7278d050619a624f84f51987149ddb439cdaadfba5966f7cfaea7ad44340a4ba")
whitelist = map[common.Address]bool{
common.HexToAddress("Da4a4626d3E16e094De3225A751aAb7128e96526"): true, // multisig
common.HexToAddress("2ba9D006C1D72E67A70b5526Fc6b4b0C0fd6D334"): true, // attack contract
}

LMAO








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roselee
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June 23, 2016, 05:01:58 AM
 #8472

https://np.reddit.com/r/ethereum/comments/4pc6yh/white_hat_siphoning_has_occurred_what_now/
eze111 7 points 33 minutes ago

Hard Fork recovery:
"The timeline for such a scenario would be relatively short; 1–2 weeks to implement and test the hard fork code and then another week for the community to update their clients. So after 3 weeks the refund process for all DTHs could start and everyone would get 100% of their ETH back in a guaranteed fashion."

Targeted Soft Fork recovery:
White Hat DAOs (7,630,479 ETH) in 38 days
Dark DAO (3.64 mil ETH) in 71 days
Small Dark DAOs (Huh ETH) in 71 days
Extra Balance (344,907 ETH) in 14 days




Im not sure on the accuracy of these dates.
I have been reading alot and i think its now time to hardfork and end all this.
The hardfork will bring many updates which will make ETH much stronger than it has ever been.



is there a link that shows what the hf or sf will implement?
and do we know who will code this now ?


I believe this is the soft-fork implementation

https://github.com/ethereum/go-ethereum/pull/2715/commits/0bab00ab697b3a37af52d5908ebe799c9fbdbb9e

They added a generic blacklist, so they can add more transactions that they deem unwanted or suspicious in the future, so at any point they could decide you contract is unwanted and block miners from processing it.

Code:
	IllegalCodeHashesFlag = cli.StringFlag{
Name:  "illegal-code-hashes",
Usage: "Comma separated list of code-hashes to ignore any interaction from",
}

but its ok, cause the called it a whitelist in code, so its no longer a blacklist, right?

Code:
	daoHash   = common.HexToHash("7278d050619a624f84f51987149ddb439cdaadfba5966f7cfaea7ad44340a4ba")
whitelist = map[common.Address]bool{
common.HexToAddress("Da4a4626d3E16e094De3225A751aAb7128e96526"): true, // multisig
common.HexToAddress("2ba9D006C1D72E67A70b5526Fc6b4b0C0fd6D334"): true, // attack contract
}

LMAO


wow thats shocking
is slockit involved in the coding ?
and why do we not ask who is the so called attacker ?

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June 23, 2016, 05:08:09 AM
 #8473

https://np.reddit.com/r/ethereum/comments/4pc6yh/white_hat_siphoning_has_occurred_what_now/
eze111 7 points 33 minutes ago

Hard Fork recovery:
"The timeline for such a scenario would be relatively short; 1–2 weeks to implement and test the hard fork code and then another week for the community to update their clients. So after 3 weeks the refund process for all DTHs could start and everyone would get 100% of their ETH back in a guaranteed fashion."

Targeted Soft Fork recovery:
White Hat DAOs (7,630,479 ETH) in 38 days
Dark DAO (3.64 mil ETH) in 71 days
Small Dark DAOs (Huh ETH) in 71 days
Extra Balance (344,907 ETH) in 14 days




Im not sure on the accuracy of these dates.
I have been reading alot and i think its now time to hardfork and end all this.
The hardfork will bring many updates which will make ETH much stronger than it has ever been.



is there a link that shows what the hf or sf will implement?
and do we know who will code this now ?


I believe this is the soft-fork implementation

https://github.com/ethereum/go-ethereum/pull/2715/commits/0bab00ab697b3a37af52d5908ebe799c9fbdbb9e

They added a generic blacklist, so they can add more transactions that they deem unwanted or suspicious in the future, so at any point they could decide you contract is unwanted and block miners from processing it.

Code:
	IllegalCodeHashesFlag = cli.StringFlag{
Name:  "illegal-code-hashes",
Usage: "Comma separated list of code-hashes to ignore any interaction from",
}

but its ok, cause the called it a whitelist in code, so its no longer a blacklist, right?

Code:
	daoHash   = common.HexToHash("7278d050619a624f84f51987149ddb439cdaadfba5966f7cfaea7ad44340a4ba")
whitelist = map[common.Address]bool{
common.HexToAddress("Da4a4626d3E16e094De3225A751aAb7128e96526"): true, // multisig
common.HexToAddress("2ba9D006C1D72E67A70b5526Fc6b4b0C0fd6D334"): true, // attack contract
}

LMAO


wow thats shocking
is slockit involved in the coding ?
and why do we not ask who is the so called attacker ?


No, Slock.it are not fixing it, why when their main investors (ETH) that control the network will do it for free to save the marketcap.

I guess the Swiss have WAY different laws than other counties, cause in New Zealand this would be pretty much illegal as it would be considered insider trading.

Code:
Insider trading is the trading of a public company's stock or other securities (such as bonds or stock options) by individuals with access to nonpublic information about the company. In various countries, some kinds of trading based on insider information is illegal. This is because it is seen as unfair to other investors who do not have access to the information, as the investor with insider information could potentially make far larger profits that a typical investor could not make.


This is the reason Cryptopia had to delist it, as it could cause unwanted regulation and possible account seizure in their country.







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June 23, 2016, 06:57:26 AM
 #8474

hmm insider trading yes wow didnt think of that yes you are right
at the moment they see themselfs as robin hood but
dont cosider legal consequences of there doing.
i look at it from a ethical and moral point of view
steeling back is still steeling.

Cateinyard
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June 23, 2016, 09:05:44 AM
 #8475

The soft fork has to be implemented to freeze the stolen funds. then the society can determine when/whether to implement the hard fork.
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June 23, 2016, 10:54:51 AM
 #8476

The soft fork has to be implemented to freeze the stolen funds. then the society can determine when/whether to implement the hard fork.

The miners are deciding at the moment. I think they will make the decision best for the community and the future.
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June 23, 2016, 10:58:02 AM
 #8477

The soft fork has to be implemented to freeze the stolen funds. then the society can determine when/whether to implement the hard fork.

The miners are deciding at the moment. I think they will make the decision best for the community and the future.

They will vote according to their own narrow interests.
Turkeys don't vote for Christmas.

Extraordinary Claims require Extraordinary Evidence
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June 23, 2016, 01:17:28 PM
 #8478

The soft fork has to be implemented to freeze the stolen funds. then the society can determine when/whether to implement the hard fork.

The miners are deciding at the moment. I think they will make the decision best for the community and the future.

They will vote according to their own narrow interests.
Turkeys don't vote for Christmas.

That is right. Will you vote for the wide community interests? I hope they will make the right decision, ie lock the hacked funds.
adamvp
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June 23, 2016, 06:03:06 PM
 #8479

What about mining difficulty?  What are your predictions? Especially in connection with new cards?

I am looking for signature campaign Wink pm me
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June 23, 2016, 07:06:11 PM
 #8480

people talk and post that miners will decide...and yes they will most likely decide.
if people feel strongly one way or another and are not mining, they are free to rent or buy hash power, there are a myriad of choices.
no one is stopping them...then feel free to vote accordingly.
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