roselee
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July 20, 2017, 10:24:57 AM |
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now there needs to come a hard fork to give that coins back it has been said that the three addresses affected were addresses related to an incoming ICO ! Does anybody know what project token or ICO was effected by this attack? A hardfork isn't the solution though....sloppy code will result in a messy outcome, so the solution is to not take risks with unproven code. This isn't the type of stuff for which a chain should be purposefully forked, right? the dao was sloppy code and ethereum forked !? |
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I HATE TABLES I HATE TABLES I HA(╯°□°）╯︵ ┻━┻ TABLES I HATE TABLES I HATE TABLES
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Aliya Taj
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July 20, 2017, 10:35:35 AM |
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Good luck. Thanks for explaining. I was very tentative about it before, now I fully understand.
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marketone
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July 20, 2017, 10:45:47 AM |
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What would you say is the mainpoints of ETH over ETC? Is there really any difference at all besides the first being more expensive than the latter? What do you guys think.
For everything, it will take some time to get reputable in the market. ETH is very popular because most of the companies are going with ETH in the form of smart contract. Only very few companies have launched under ETC blockchain but still, there are huge chances that the price of ETC will increase in future. |
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Fargusson
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Activity: 392
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Mummy! I've got a domain name now! fargusson.eth
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July 20, 2017, 11:24:00 AM |
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now there needs to come a hard fork to give that coins back it has been said that the three addresses affected were addresses related to an incoming ICO ! Does anybody know what project token or ICO was effected by this attack? A hardfork isn't the solution though....sloppy code will result in a messy outcome, so the solution is to not take risks with unproven code. This isn't the type of stuff for which a chain should be purposefully forked, right? the dao was sloppy code and ethereum forked !? Good one roselee  Please remember that the DAO hard fork was decided after (almost) consensus in the ETH community as wasn't the result of a so called God mode. Moreover, the DAO owned 15% of all ETH when the bug in Parity's multisig we are facing here is only regarding 0.6% of all ETH (of which 3/4 has been rescued by the White hats group). Not that much at stake to even consider an hard fork here. |
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denam
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July 20, 2017, 11:28:13 AM |
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I see this other way what has happened over the last few days with two incidents. Developers behind those projects are also responsible for loss of money because they should give little time to check and make sure of the wallets they are using to store funds. Ethereum will not go through another fork for this amount of money.
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roselee
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Activity: 1078
Merit: 1000
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July 20, 2017, 02:22:34 PM |
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now there needs to come a hard fork to give that coins back it has been said that the three addresses affected were addresses related to an incoming ICO ! Does anybody know what project token or ICO was effected by this attack? A hardfork isn't the solution though....sloppy code will result in a messy outcome, so the solution is to not take risks with unproven code. This isn't the type of stuff for which a chain should be purposefully forked, right? the dao was sloppy code and ethereum forked !? Good one roselee Please remember that the DAO hard fork was decided after (almost) consensus in the ETH community as wasn't the result of a so called God mode. Moreover, the DAO owned 15% of all ETH when the bug in Parity's multisig we are facing here is only regarding 0.6% of all ETH (of which 3/4 has been rescued by the White hats group). Not that much at stake to even consider an hard fork here. no i see it different the dao fork was no consensus of "almost all users" the voting was done in a rush not all useres could join or wanted to join becouse you had to send eth to vote and simple ethereum holders not invested in the dao didnt find out that fast. and there were lots of no´s about it. but as i recall lots of the VIP´s were invested in the dao and thats why the hardfork was important.ETC suporters were called suporter of thiefs becouse they said comunity cant rollback the chain to bail out bad investment. and now you say the damage is not done to a lot of people so no hardfork? a year ago the eth suporters said a thief is a thief and cant get away with it . but never mind i just wanted to know how eth suporters see it a year later. |
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profitgenerator212
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July 20, 2017, 02:42:11 PM |
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ETH might come crashing down if the Parity hacker starts selling his coins.
I am already selling some ETH just in case.
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densuj
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July 20, 2017, 03:06:50 PM |
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Ethereum is gaining a lot of traction beyond just the cryptocurrency world with the latest development in Singapore indicating how the crypto’s technology could be used in innovative ways. The Monetary Authority of Singapore (MAS) in collaboration with Deloitte, banks and blockchain companies has published a report about the first phase of the tokenised Singaporean dollar project called Project Ubin. http://positivethefacts.com/2017/07/tokenised-ethereum-based-dollar-being-tested-in-singapore/ |
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profitgenerator212
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July 20, 2017, 03:13:30 PM |
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Ethereum is gaining a lot of traction beyond just the cryptocurrency world with the latest development in Singapore indicating how the crypto’s technology could be used in innovative ways. The Monetary Authority of Singapore (MAS) in collaboration with Deloitte, banks and blockchain companies has published a report about the first phase of the tokenised Singaporean dollar project called Project Ubin. http://positivethefacts.com/2017/07/tokenised-ethereum-based-dollar-being-tested-in-singapore/Wow so what now they want to put fiat money on the blockchain? I thought the entire purpose was to get rid of fiat money, not to tokenize it  |
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Fargusson
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Mummy! I've got a domain name now! fargusson.eth
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July 20, 2017, 03:52:52 PM |
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Ethereum is gaining a lot of traction beyond just the cryptocurrency world with the latest development in Singapore indicating how the crypto’s technology could be used in innovative ways. The Monetary Authority of Singapore (MAS) in collaboration with Deloitte, banks and blockchain companies has published a report about the first phase of the tokenised Singaporean dollar project called Project Ubin. http://positivethefacts.com/2017/07/tokenised-ethereum-based-dollar-being-tested-in-singapore/Wow so what now they want to put fiat money on the blockchain? I thought the entire purpose was to get rid of fiat money, not to tokenize it No the purpose is visibly to tokenize fiat Half-jokes aside, I think the tokenization of fiat is a good way to encourage adoption and, to continue the discussion with roselee, to avoid some HF which may seem a bit arbitrary. You can enter into God mode when you have just a bunch of unknown miners in front of you. You can't when you have 150+ entreprises and a few states. |
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profitgenerator212
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July 20, 2017, 04:27:14 PM |
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No the purpose is visibly to tokenize fiat Half-jokes aside, I think the tokenization of fiat is a good way to encourage adoption and, to continue the discussion with roselee, to avoid some HF which may seem a bit arbitrary. You can enter into God mode when you have just a bunch of unknown miners in front of you. You can't when you have 150+ entreprises and a few states. Are you talking about how Vitalik has so much control over ETH, then I agree, more businesses should be behind this, to avoid arbitrary hardforks. But not like this. Why the hell would people want a tokenized fiat? It makes no sense. Why not just use the established cryptocurrencies for day to day payments... |
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vamos1
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July 20, 2017, 04:30:12 PM |
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But not like this. Why the hell would people want a tokenized fiat? It makes no sense.
Why not just use the established cryptocurrencies for day to day payments...
Price stability?? |
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profitgenerator212
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July 20, 2017, 04:32:38 PM |
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But not like this. Why the hell would people want a tokenized fiat? It makes no sense.
Why not just use the established cryptocurrencies for day to day payments...
Price stability?? You mean 10% inflation / yeaar? 99.9% of the value of USD was lost in the past 100 years... No thanks. I like if my wealth is going up not down. Cryptocurrencies mostly go up in price. |
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serje
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July 20, 2017, 04:36:16 PM |
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So, when ETH will fork again?
again almost 20 mil $ got stolen!
and why on the ETH chain and not on the ETC chain?
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Space for rent if its still trending
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profitgenerator212
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July 20, 2017, 04:40:27 PM |
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So, when ETH will fork again?
again almost 20 mil $ got stolen!
and why on the ETH chain and not on the ETC chain?
I don't think they will fork this time, that will cause too much chaos, too much time has passed since the fiasco. It didnt happened on the ETC chain because the ETC chain is no longer ETH, it doesn't have the same ICO's as ETH does, so ETC is a separate entity and has nothing to do with ETH anymore. |
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Fargusson
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Mummy! I've got a domain name now! fargusson.eth
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July 20, 2017, 05:11:00 PM
Last edit: July 20, 2017, 05:30:58 PM by Fargusson |
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But not like this. Why the hell would people want a tokenized fiat? It makes no sense.
Why not just use the established cryptocurrencies for day to day payments...
Price stability?? You mean 10% inflation / yeaar? 99.9% of the value of USD was lost in the past 100 years... No thanks. I like if my wealth is going up not down. Cryptocurrencies mostly go up in price. IMHO some governments are thinking about tokenizing fiat especially in Asia because it's a way to make cashless transactions without having to trust a third party like Paypal or WeChat in China. But it's certainly not for price stability yet as even the big cryptocurrencies are still very (VERY) volatile. So, when ETH will fork again?
again almost 20 mil $ got stolen!
and why on the ETH chain and not on the ETC chain?
I don't think they will fork this time, that will cause too much chaos, too much time has passed since the fiasco. It didnt happened on the ETC chain because the ETC chain is no longer ETH, it doesn't have the same ICO's as ETH does, so ETC is a separate entity and has nothing to do with ETH anymore. If your question was about whether or not an hard fork happening on the ETH blockchain should happen on the ETC blockchain, profitgenerator212 made a good point underlining that they are two different entities by know. If your question was about why the stealth of 20 M$ worth happened on ETH and not on ETC, the answer is, IMHO, that the ETC blockchain isn't as valuable as ETH's (because of its marketcap but also because of some other points which were discussed 1 or 2 pages ago on this thread). This make ETH much more interesting to steal. Plus Parity exists only for ETH, not for ETC. EDIT: an interesting point of view of Emin Gür Sirer on the Parity bug and more generally the fault in both Bitcoin's and Ethereum's app and a way to limit the risks of such faults by implementing a default-private option in Solidity. |
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roselee
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Activity: 1078
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July 20, 2017, 05:32:28 PM |
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But not like this. Why the hell would people want a tokenized fiat? It makes no sense.
Why not just use the established cryptocurrencies for day to day payments...
Price stability?? You mean 10% inflation / yeaar? 99.9% of the value of USD was lost in the past 100 years... No thanks. I like if my wealth is going up not down. Cryptocurrencies mostly go up in price. IMHO some governments are thinking about tokenizing fiat especially in Asia because it's a way to make cashless transactions without having to trust a third party like Paypal or WeChat in China. But it's certainly not for price stability yet as even the big cryptocurrencies are still very (VERY) volatile. So, when ETH will fork again?
again almost 20 mil $ got stolen!
and why on the ETH chain and not on the ETC chain?
I don't think they will fork this time, that will cause too much chaos, too much time has passed since the fiasco. It didnt happened on the ETC chain because the ETC chain is no longer ETH, it doesn't have the same ICO's as ETH does, so ETC is a separate entity and has nothing to do with ETH anymore. If your question was about whether or not an hard fork happening on the ETH blockchain should happen on the ETC blockchain, profitgenerator212 made a good point underlining that they are two different entities by know. If your question was about why the stealth of 20 M$ worth happened on ETH and not on ETC, the answer is, IMHO, that the ETC blockchain isn't as valuable as ETH's (because of its marketcap but also because of some other points which were discussed 1 or 2 pages ago on this thread). This make ETH much more interesting to steal. Plus Parity exists only for ETH, not for ETC. and etc does not rush things etcdev team acomplished a lot since the dao hf the diff bomb, repay protection, the cap and they work on a new independet wallet emeralt, the iohk (charles hoskinson) works on rewriting the whole code and documenting it there are projects planed but the comunity is very careful many of the icos on eth are looking like scams and etc can do what eth can but wont rush it eth might get to big to fast there is a presure on the devs and all this icos remind me of the techbuble plus eth seems to attrackt the banks, keep in mind banks had a monoply on money printing that is over since the blockchain was born. first they fought it now they want to be part of it or take it over but fakt is now one can chose |
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bitpotter
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July 20, 2017, 05:32:55 PM |
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Does anyone know why today the ETH price drops to 15%?
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roselee
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July 20, 2017, 05:38:52 PM |
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and farguson you are right there is to much an stake if they would do a hf now projects already running on eth but that was so when the dao hf was done too. sure there were smaller projects but they called it then colateral. and those projects had losses which never got repayed.
but its a good thing that ethereum fondation and vitalik now wont fork .
i wonder now what will happen with the whitehat funds. becouse as far as i know are the white hat funds back from the daohack are still not all payed back. its difficult to reach out to all the holders. some wont check that often . but that does not mean a comunity can decide to say if you dont claim it its ours .
that will be very interesting to watch now.
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Fargusson
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Mummy! I've got a domain name now! fargusson.eth
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July 20, 2017, 05:40:16 PM |
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Does anyone know why today the ETH price drops to 15%?
ETH vs USD rose a tiny bit from 223$/ETH to 224$/ETH. But ETH indeed lost around 10% against BTC. I think it's because of two events happening at the same time: - Most of BTC pools and miners are now showing readiness for BIP91. - Parity bug made this day quite a mess on the ETH ecosystem. |
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