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It's almost as if a cryptocurrency system used by the grey market and black market sections of the internet contained actual blackhats. What a surprise. Much as I hate to link to reddit, for effective and biting criticism of cryptocurrencies: http://reddit.com/r/buttcoin
Sure, it's probably a contract issue, but we'd have some much better contract code if the VM didn't require you to code defensively all the time.
Earlier quoted context omitted.
Vitalik Buterin, the co-founder and Chief Scientist of Ethereum, just called for a DAO and ETH trading halt at all Ethereum exchanges: https://www.reddit.com/r/ethereum/comments/4oif2x/dao_attack...
Apparently all that talk of decentralisation goes out the window when you're losing money. Ha
Earlier quoted context omitted.
Vitalik Buterin, the co-founder and Chief Scientist of Ethereum, just called for a DAO and ETH trading halt at all Ethereum exchanges: https://www.reddit.com/r/ethereum/comments/4oif2x/dao_attack...
Apparently all that talk of decentralisation goes out the window when you're losing money. Ha
Decentralization doesn't prevent coordination.
It also demonstrates that being first-to-market trumps security. If the DAO had waited until a full formal verification system exists and had been applied, they wouldn't have been able to pick up the $160m of overenthusiastic money keen to rush headlong into the hands of hackers.
It has been said before, but there ain't no drama like Blockchain drama. No TV show, no book, nothing has me following it's story as Bitcoin and the other blockchains that come after it. Greatest drama of the millennia, so far.