[ANN] Ethereum: Welcome to the Beginning

[roselee]

Downvoting of important and relevant info is strong in the eth-reddit, i must say.

Yes, eth reddit works like this:
-click topic
-read op
-scroll all the way down to find the comments voted into oblivon
-read them
-close the tab

All interesting info downvoted. Only moontalk and pro-fork allowed.

censorship ?  thats why i walk around reddit

[1715044920]

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[airtoken]

Downvoting of important and relevant info is strong in the eth-reddit, i must say.

Yes, eth reddit works like this:
-click topic
-read op
-scroll all the way down to find the comments voted into oblivon
-read them
-close the tab

All interesting info downvoted. Only moontalk and pro-fork allowed.

censorship ?   thats why i walk around reddit

Censorship possible. Discrimination and manipulation certainly.

[Mrpumperitis]

http://technical.ly/brooklyn/2016/06/30/consensys-ethereum-hack/?utm_content=bufferc3378&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer
Nope, ConsenSys isn’t letting the $50M Ethereum breach slow it down

[antiscam2000]

Piggycoin was a better investement now.

[Slydrule]

Lol, comparing ETH to a bank isn't going to win me over. 

The only thing holding the banks up is confidence and trust.  This confidence comes from the fact that the currency they hold was backed by real money (gold and silver) at one time.  That ended decades ago, so now all currency is is a paper promise.  How this confidence and trust is maintained is beyond me at this point. Most peeps have no clue that when you deposit currency into a bank, it's no longer yours.  You effectively loan them your dollars and then they go gamble it away.  Go try to actually take a sizable sum of physical cash out (not a check, but physical currency) and see how you're treated.

I have no confidence in ETH or a bank any longer. If the code is god, as Vitalik has stated, then the hacker should keep his ETH. Anything less makes ETH just as centralized as the banks.  Plain and simple

Its not a comparison to a bank.  I used banking as an example to show how trust is EARNED and kept.  Those who think because the code allowed him to take the ETH its all okay do not understand the laws governing computer systems.  Saying the code "allowed him" is like saying a hole in a firewall allowed a hacker to breach a system and therefore he did nothing wrong.  Except he did and every court in the western world would agree on that.

The point is, if you take something against the wishes of the owners, it is called theft.  How you took it is irrelevant.

In any case, it worries me that so many vocal people seem to want this thief to keep the money he stole.  To me that is more worrisome than the bug in the code that allowed the thief to steal.

[mymenace]

Lol, comparing ETH to a bank isn't going to win me over.  

The only thing holding the banks up is confidence and trust.  This confidence comes from the fact that the currency they hold was backed by real money (gold and silver) at one time.  That ended decades ago, so now all currency is is a paper promise.  How this confidence and trust is maintained is beyond me at this point. Most peeps have no clue that when you deposit currency into a bank, it's no longer yours.  You effectively loan them your dollars and then they go gamble it away.  Go try to actually take a sizable sum of physical cash out (not a check, but physical currency) and see how you're treated.

I have no confidence in ETH or a bank any longer. If the code is god, as Vitalik has stated, then the hacker should keep his ETH. Anything less makes ETH just as centralized as the banks.  Plain and simple

Its not a comparison to a bank.  I used banking as an example to show how trust is EARNED and kept.  Those who think because the code allowed him to take the ETH its all okay do not understand the laws governing computer systems.  Saying the code "allowed him" is like saying a hole in a firewall allowed a hacker to breach a system and therefore he did nothing wrong.  Except he did and every court in the western world would agree on that.

The point is, if you take something against the wishes of the owners, it is called theft.  How you took it is irrelevant.

In any case, it worries me that so many vocal people seem to want this thief to keep the money he stole.  To me that is more worrisome than the bug in the code that allowed the thief to steal.

 no system is infallibale

it is about what is the most secure system

so far on past record eth is safer than banks and governement

easy to see all the fraud, theft and scams in banking and the insurmountable amount of money stolen and how that currently compares to eth

[a fool and his money ...]

If the code isn't secure the blockchain is worthless.

Wether the hacker is a thief or not is irrelevant in that.

Stop beating a dead horse.

[thedreamer]

Good to see a lot of doom and gloom preachers and newb accounts. Usually means people trying to buy low before a pump. LOL

[a fool and his money ...]

[airtoken]

Good to see a lot of doom and gloom preachers and newb accounts. Usually means people trying to buy low before a pump. LOL

People saying that usually means they are desperate to unload and it's going a lot lower.

[thedreamer]

Good to see a lot of doom and gloom preachers and newb accounts. Usually means people trying to buy low before a pump. LOL

People saying that usually means they are desperate to unload and it's going a lot lower.

LOL. This coming from a Newb account. LOL... Such clear insight..

Ohh wait, this happened a few time sin the past in this very thread. Hmmmm.... History repeating itself.. Geee....

[roselee]

Lol, comparing ETH to a bank isn't going to win me over. 

The only thing holding the banks up is confidence and trust.  This confidence comes from the fact that the currency they hold was backed by real money (gold and silver) at one time.  That ended decades ago, so now all currency is is a paper promise.  How this confidence and trust is maintained is beyond me at this point. Most peeps have no clue that when you deposit currency into a bank, it's no longer yours.  You effectively loan them your dollars and then they go gamble it away.  Go try to actually take a sizable sum of physical cash out (not a check, but physical currency) and see how you're treated.

I have no confidence in ETH or a bank any longer. If the code is god, as Vitalik has stated, then the hacker should keep his ETH. Anything less makes ETH just as centralized as the banks.  Plain and simple

Its not a comparison to a bank.  I used banking as an example to show how trust is EARNED and kept.  Those who think because the code allowed him to take the ETH its all okay do not understand the laws governing computer systems.  Saying the code "allowed him" is like saying a hole in a firewall allowed a hacker to breach a system and therefore he did nothing wrong.  Except he did and every court in the western world would agree on that.

The point is, if you take something against the wishes of the owners, it is called theft.  How you took it is irrelevant.

In any case, it worries me that so many vocal people seem to want this thief to keep the money he stole.  To me that is more worrisome than the bug in the code that allowed the thief to steal.

no one wants him to keep it and do nothing
but selfjustic is not the way to deal with it
we cant steel it back becouse we can thats moraly wrong
and the hf is just that stealing back becouse one can

[roselee]

can someone explain how "the dao" token can survive if the HF happens ?
with the HF they will refound the original holders of the ether and the dao is history thats the last i read.
but arent thedao tokens traded ?
what will happen with them

[airtoken]

can someone explain how "the dao" token can survive if the HF happens ?
with the HF they will refound the original holders of the ether and the dao is history thats the last i read.
but arent thedao tokens traded ?
what will happen with them

https://www.youtube.com/watch?v=1ytCEuuW2_A

[a fool and his money ...]

[alexjonescrypto]

I will buy back in only if it goes below $4. Too much uncertainty still, and so unproven.

[a fool and his money ...]

I will buy back in only if it goes below $4. Too much uncertainty still, and so unproven.

Well, it is proven ... to be broken. Why would you pay 4$ for that?
I'm ready to cough up 10 to 50 cents for this maximum and that could still be too high if it proves to be an impossible idea which could very well be.

Vitalik selling perpetuum mobile next? Should be a good pump too because that would also be "the future"!

As a payment system it's certainly useless after all the fork-shenangians. That needs to be deducted from the price too. Nobody would want to hold any large amounts for any length of time.

10 cents

[colombuszka]

I will buy back in only if it goes below $4. Too much uncertainty still, and so unproven.

Good luck, you can wait for that forever.

[Madmach]

Geth 1.4.9: https://github.com/ethereum/go-ethereum/releases/tag/v1.4.9

Geth 1.4.9 is a reversal release to undo the code changes that went into the 1.4.8 "DAO Wars" soft-fork release, as the soft-fork was deemed too vulnerable to DOS attacks, opening up the entire Ethereum network to resource abuse by malicious users.

Great work.

[AlgoSwan]

Possible prediction market question: Who was behind the DAO attack?

a- One malicious attacker
b - A rival with large Black Hat Hackers team and deep pocket

Make your predictions!

https://www.reddit.com/r/Augur/comments/4qqab6/possible_prediction_market_question_who_was/
https://www.reddit.com/r/ethereum/comments/4qq93o/who_was_behind_the_dao_attack_one_malicious/