[ANN] Ethereum: Welcome to the Beginning

[estenity]

jp morgen experimenting with ether ?
http://qz.com/729786/jpmorgan-lost-two-leaders-on-its-blockchain-project/

apparently, they are...and their project leaders found more interesting to go on their own.

[frostminer]

jp morgen experimenting with ether ?
http://qz.com/729786/jpmorgan-lost-two-leaders-on-its-blockchain-project/

apparently, they are...and their project leaders found more interesting to go on their own.

Made me wonder what project they have been working on and what project they are starting.

[tolikkk]

after some time in Britain will be Council to discuss the establishment of a national coin Britcoin, if positive, then all countries will make their national coins and then there would be no point in all the popular coins such as bitcoin, ether, dash and the other - I spent three years for nothing, received nothing in return, giving a lot of time and money and without getting under any of pump ))

[cohnhead]

after some time in Britain will be Council to discuss the establishment of a national coin Britcoin, if positive, then all countries will make their national coins and then there would be no point in all the popular coins such as bitcoin, ether, dash and the other - I spent three years for nothing, received nothing in return, giving a lot of time and money and without getting under any of pump ))

not sure if your comment belongs here?
in any case, if that's how you feel, get out now, run far away.
you do realize btc is not controlled by any govt, while a national coin would most likely be in the hands of a central authority

[ph4nt0m]

after some time in Britain will be Council to discuss the establishment of a national coin Britcoin, if positive, then all countries will make their national coins and then there would be no point in all the popular coins such as bitcoin, ether, dash and the other - I spent three years for nothing, received nothing in return, giving a lot of time and money and without getting under any of pump ))

Dude, it sucks to be you.

[digi123]

The time is now very close and we will see it unfold one way or another.
And I don't mind being repetitive because I don't know if it has sunk in yet what can happen.


Because of the unique way things have happened most just don't get the ramifications of a theft like this occurring. There will be major continuous effects which will cause contagion because of the people and authorities that will be draw into it.

LAW IS LAW - Code is not the law - THEFT IS THEFT.

Ethereum simply will not exist if the theft will go ahead and is not stopped. People I think just aren't taking on board how ethereums future is hanging in the balance. Ethereum at the moment has  become a casino bet red/black close to 50/50 odds as it may appear.

The fact that anyone can get the price on offer and cash out is just the other side of whether a fork will occur and ethereum will continue and most likely greatly prosper. Because without the definitive knowledge that a fork will occur the price should be leaning towards zero. All the efforts of the developers and all else will come to nothing.


It is quite surreal with the continuous going ons' in Etherium whether meet ups or considerations of things built on Ethereum and discussions of their future etc. It's all (castles in the air) as their future still hangs in the balance.


This is an out there unusual situation just because the way things developed over the course of dao creation and onward's.There were two major flaws in the dao, one being the obvious codeing problems the other being the lack of limitations within the creation phase. Because of this it is extending into Ethereum itself and because of this it will extend into the entire crypto world if not stopped.

It's just incredible to view the ridicules ideas some have about the law or is that blockchain law that exists only on computerland with their head so far up a computer they don't know whats what anymore or maybe they just didn't know whats what in the first place.


I am glad there are some out there that can articulate better than myself. - Jack du Rose -

"Any ideas about theDAO being outside of the scope of any jurisdiction are mistaken. Smart contracts are not smart, and they’re not contracts. Code is not law; law is law. Notions to the contrary are naive, no matter what it says on any website’s marketing copy.

If the stolen funds are not returned, Ethereum projects in general are in jeopardy. There will be complaints to the U.S. Security and Exchange Commission (SEC), who have jurisdiction all over the
world, so long as US citizens are affected. An investigation into theDAO will ensue, dragging Ethereum through the mud behind it.

If we demonstrate the ability to govern our own affairs responsibly, and the funds are recovered, no loss will have taken place. There will be far less merit to any complaint, which therefore reduces the likelihood of the SEC wasting scarce resources on complex overseas adventures."


LAW IS LAW


There is an added effect when legalities take hold on the entire crypto sphere which no one is even taking into consideration yet.

[roselee]

The time is now very close and we will see it unfold one way or another.
And I don't mind being repetitive because I don't know if it has sunk in yet what can happen.


Because of the unique way things have happened most just don't get the ramifications of a theft like this occurring. There will be major continuous effects which will cause contagion because of the people and authorities that will be draw into it.

LAW IS LAW - Code is not the law - THEFT IS THEFT.

Ethereum simply will not exist if the theft will go ahead and is not stopped. People I think just aren't taking on board how ethereums future is hanging in the balance. Ethereum at the moment has  become a casino bet red/black close to 50/50 odds as it may appear.

The fact that anyone can get the price on offer and cash out is just the other side of whether a fork will occur and ethereum will continue and most likely greatly prosper. Because without the definitive knowledge that a fork will occur the price should be leaning towards zero. All the efforts of the developers and all else will come to nothing.


It is quite surreal with the continuous going ons' in Etherium whether meet ups or considerations of things built on Ethereum and discussions of their future etc. It's all (castles in the air) as their future still hangs in the balance.


This is an out there unusual situation just because the way things developed over the course of dao creation and onward's.There were two major flaws in the dao, one being the obvious codeing problems the other being the lack of limitations within the creation phase. Because of this it is extending into Ethereum itself and because of this it will extend into the entire crypto world if not stopped.

It's just incredible to view the ridicules ideas some have about the law or is that blockchain law that exists only on computerland with their head so far up a computer they don't know whats what anymore or maybe they just didn't know whats what in the first place.


I am glad there are some out there that can articulate better than myself. - Jack du Rose -

"Any ideas about theDAO being outside of the scope of any jurisdiction are mistaken. Smart contracts are not smart, and they’re not contracts. Code is not law; law is law. Notions to the contrary are naive, no matter what it says on any website’s marketing copy.

If the stolen funds are not returned, Ethereum projects in general are in jeopardy. There will be complaints to the U.S. Security and Exchange Commission (SEC), who have jurisdiction all over the
world, so long as US citizens are affected. An investigation into theDAO will ensue, dragging Ethereum through the mud behind it.

If we demonstrate the ability to govern our own affairs responsibly, and the funds are recovered, no loss will have taken place. There will be far less merit to any complaint, which therefore reduces the likelihood of the SEC wasting scarce resources on complex overseas adventures."


LAW IS LAW


There is an added effect when legalities take hold on the entire crypto sphere which no one is even taking into consideration yet.

thats another good point
but the question is will they be able to do a hf in such a short amount of time
a secure one
plus either way hf or not
SEC will investigate becouse it does not matter for them if the insider fix it or not ? law is law ?
at the moment one can say the code is the contract and following the lines of the code no crime was done. but if they roll it back what will the SEC say then?

[digi123]

The time is now very close and we will see it unfold one way or another.
And I don't mind being repetitive because I don't know if it has sunk in yet what can happen.


Because of the unique way things have happened most just don't get the ramifications of a theft like this occurring. There will be major continuous effects which will cause contagion because of the people and authorities that will be draw into it.

LAW IS LAW - Code is not the law - THEFT IS THEFT.

Ethereum simply will not exist if the theft will go ahead and is not stopped. People I think just aren't taking on board how ethereums future is hanging in the balance. Ethereum at the moment has  become a casino bet red/black close to 50/50 odds as it may appear.

The fact that anyone can get the price on offer and cash out is just the other side of whether a fork will occur and ethereum will continue and most likely greatly prosper. Because without the definitive knowledge that a fork will occur the price should be leaning towards zero. All the efforts of the developers and all else will come to nothing.


It is quite surreal with the continuous going ons' in Etherium whether meet ups or considerations of things built on Ethereum and discussions of their future etc. It's all (castles in the air) as their future still hangs in the balance.


This is an out there unusual situation just because the way things developed over the course of dao creation and onward's.There were two major flaws in the dao, one being the obvious codeing problems the other being the lack of limitations within the creation phase. Because of this it is extending into Ethereum itself and because of this it will extend into the entire crypto world if not stopped.

It's just incredible to view the ridicules ideas some have about the law or is that blockchain law that exists only on computerland with their head so far up a computer they don't know whats what anymore or maybe they just didn't know whats what in the first place.


I am glad there are some out there that can articulate better than myself. - Jack du Rose -

"Any ideas about theDAO being outside of the scope of any jurisdiction are mistaken. Smart contracts are not smart, and they’re not contracts. Code is not law; law is law. Notions to the contrary are naive, no matter what it says on any website’s marketing copy.

If the stolen funds are not returned, Ethereum projects in general are in jeopardy. There will be complaints to the U.S. Security and Exchange Commission (SEC), who have jurisdiction all over the
world, so long as US citizens are affected. An investigation into theDAO will ensue, dragging Ethereum through the mud behind it.

If we demonstrate the ability to govern our own affairs responsibly, and the funds are recovered, no loss will have taken place. There will be far less merit to any complaint, which therefore reduces the likelihood of the SEC wasting scarce resources on complex overseas adventures."


LAW IS LAW


There is an added effect when legalities take hold on the entire crypto sphere which no one is even taking into consideration yet.

thats another good point
but the question is will they be able to do a hf in such a short amount of time
a secure one
plus either way hf or not
SEC will investigate becouse it does not matter for them if the insider fix it or not ? law is law ?
at the moment one can say the code is the contract and following the lines of the code no crime was done. but if they roll it back what will the SEC say then?

Like I said many just don't get it yet. Theft is theft.

[bbc.reporter]

The legalities in the cryptosphere is in the gray area at best. The attacker can argue that the exploit he did was all in the rules of the DAO and there that no theft took place. And in the side of Vitalik, they should have done a better job with the security audits. How can you store 150 million dollars worth of ether in the DAO and thinking that no one will try to attack it? That is very incompetent of them.

[digi123]

The legalities in the cryptosphere is in the gray area at best. The attacker can argue that the exploit he did was all in the rules of the DAO and there that no theft took place. And in the side of Vitalik, they should have done a better job with the security audits. How can you store 150 million dollars worth of ether in the DAO and thinking that no one will try to attack it? That is very incompetent of them.

If there is a fault in any computer code and someone uses it to enrich themselves it is theft.

[Etheres]

Update for miners at Etheres;

Etheres has updated all wallets to the latest 1.4.10 successfully, mining was not effected. So come and take advantage of our 0% fees for the next 3 months!

For all that have PM'd on here, Ethereum forums and our twitter we will be opening a EU located server soon for a lower latency for miners on that side of the world. So keep an eye out!

[RastoMan]

The legalities in the cryptosphere is in the gray area at best. The attacker can argue that the exploit he did was all in the rules of the DAO and there that no theft took place. And in the side of Vitalik, they should have done a better job with the security audits. How can you store 150 million dollars worth of ether in the DAO and thinking that no one will try to attack it? That is very incompetent of them.

If there is a fault in any computer code and someone uses it to enrich themselves it is theft.

That is right. For example, your house door is locked, somebody breaks into it, and claims it is legal because your lock is not strong enough.

[Axente]

The legalities in the cryptosphere is in the gray area at best. The attacker can argue that the exploit he did was all in the rules of the DAO and there that no theft took place. And in the side of Vitalik, they should have done a better job with the security audits. How can you store 150 million dollars worth of ether in the DAO and thinking that no one will try to attack it? That is very incompetent of them.

If there is a fault in any computer code and someone uses it to enrich themselves it is theft.

That is right. For example, your house door is locked, somebody breaks into it, and claims it is legal because your lock is not strong enough.

I think the following example is better.
You invite a guest for a drink at your house and before he leaves he steals your wallet and leaves.

[becoin]

LAW IS LAW - Code is not the law - THEFT IS THEFT.

That is why I stick to Bitcoin where code is the law!

[roselee]

The legalities in the cryptosphere is in the gray area at best. The attacker can argue that the exploit he did was all in the rules of the DAO and there that no theft took place. And in the side of Vitalik, they should have done a better job with the security audits. How can you store 150 million dollars worth of ether in the DAO and thinking that no one will try to attack it? That is very incompetent of them.

If there is a fault in any computer code and someone uses it to enrich themselves it is theft.

the question is will the "law"see it as a fault or just a code wanted like that. one would have to consider in the aftermaath of the dao relase. someone published the Bug and said it makes the dao vulnerable and none not slockit or devs of ether thought it important to fix it for weeks.
a court could now ague it was ment to be therfor the so called attack was no crime or it was not ment to be and it was a crime but are then the ones who could have prevented it guilty too to a point ? big enough to get punished too ? and then the white hat attack ? whats with that same thing but different intention. this is so complex

[becoin]

The legalities in the cryptosphere is in the gray area at best. The attacker can argue that the exploit he did was all in the rules of the DAO and there that no theft took place. And in the side of Vitalik, they should have done a better job with the security audits. How can you store 150 million dollars worth of ether in the DAO and thinking that no one will try to attack it? That is very incompetent of them.

If there is a fault in any computer code and someone uses it to enrich themselves it is theft.

That is right. For example, your house door is locked, somebody breaks into it, and claims it is legal because your lock is not strong enough.

No. For example, you invited someone to your house at time of their convenience. Now after this person is in your house you claim it is illegal because house door was locked but the lock was not strong enough. The person you invited claims your house door wasn't locked at all.

[bbc.reporter]

The legalities in the cryptosphere is in the gray area at best. The attacker can argue that the exploit he did was all in the rules of the DAO and there that no theft took place. And in the side of Vitalik, they should have done a better job with the security audits. How can you store 150 million dollars worth of ether in the DAO and thinking that no one will try to attack it? That is very incompetent of them.

If there is a fault in any computer code and someone uses it to enrich themselves it is theft.

That is right. For example, your house door is locked, somebody breaks into it, and claims it is legal because your lock is not strong enough.

But the design of the DAO made it allowable for the attacker to transfer ether. He found a loop hole in the smart contract and in doing so the "fault" is not really a fault.

As for the "door is locked" comparison, nothing was unlocked or broken. There was a loophole in the smart contract and the attacker made a transfer of ether.

If you really thought what the attacker did was wrong, what does that make the developers or the DAO?

[d57heinz]

Ahh nothing like beating a dead horse.  Buy some mining hw if you disagree with the fork. And let's see who comes out on top.  Then you will have your trial by jury(consensus) as to whether it was theft or not.  But this argument is just dead in the water.  Like with any banking system if you find an exploit and decide to pull 60$M out and think it's ok because of a loophole your grossly naive.  Those in favor of the theft need a recalibration of your moral compass!

Best regards
D57heinz

[bitwala]

We're happy and proud to announce that you can now use Ether to make a bank transfer or top up your Bitwala Debit Card. This is made possible through our partnership with shapeshift. Bitwa.la is the first service to offer bank transfers and a debit card that lets you directly use Ether as a funding option. Please let us know if you have any questions or suggestions!

Here's the full announcement: http://about.bitwa.la/bitwala-accepting-all-major-cryptocurrencies/

Cheers
Jeff from bitwa.la

[roselee]

The legalities in the cryptosphere is in the gray area at best. The attacker can argue that the exploit he did was all in the rules of the DAO and there that no theft took place. And in the side of Vitalik, they should have done a better job with the security audits. How can you store 150 million dollars worth of ether in the DAO and thinking that no one will try to attack it? That is very incompetent of them.

If there is a fault in any computer code and someone uses it to enrich themselves it is theft.

That is right. For example, your house door is locked, somebody breaks into it, and claims it is legal because your lock is not strong enough.

thats not correct in the daos case the door was not locked. it was wide open and there was so to say a sign "my home is your home"
cops in my country call that a invitation
the insurance wont pay