This is why I prefer https://en.m.wikipedia.org/wiki/Chiemgauer
Critical Update on DAO Vulnerability
31–40 of 629 posts
Re: Critical Update on DAO Vulnerability
#32For context 2 Million ETH is in the 30-40 million USD range at recent market prices.
Re: Critical Update on DAO Vulnerability
#33This pretty directly contradicts a lot of the hype around Ethereum. Yes, bad contract code is bad, but a lot of money is about to evaporate. If it isn't easy to write secure contracts then there is a serious deployment problem.
No money is going to evaporate. First of all, the value just changes hands and second of all, there is no money involved, just toy bits.
Re: Critical Update on DAO Vulnerability
#34Just remember, when the developers inevitably appear with suggestions about how to stop the hack, roll back the blockchain, or come up with other schemes to block the hackers, they are showing everyone that all the talk of blockchains being decentralised, or being beyond the control of governments or other powers... is a complete lie. If this hack can be stopped, then it demonstrates that the currency can be manipula…
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Re: Critical Update on DAO Vulnerability
#35Earlier quoted context omitted.
This is how I understand the situation: - 2,436,828 Ethereum has been routed to the address starting "0x304a554a310c7e546" [0] - This is worth roughly $46,000,000. - This has happened because there is some weakness in the Ethereum security - The conversion between Ethereum and USD is dropping significantly, now down to 16. [1] Due to this security threat, the developer is telling people to try to effectively DDOS the…
Is this a weakness on Ethereum or the DAO?
I can't read the page but I was under the impression that recently someone found a problem with the DAO and then they put all DAO activity on hold until they could fix it. Perhaps someone is exploiting that problem or another one they found.
Re: Critical Update on DAO Vulnerability
#36Just remember, when the developers inevitably appear with suggestions about how to stop the hack, roll back the blockchain, or come up with other schemes to block the hackers, they are showing everyone that all the talk of blockchains being decentralised, or being beyond the control of governments or other powers... is a complete lie. If this hack can be stopped, then it demonstrates that the currency can be manipula…
Let's call it self delusion. A "lie" needs the intention to deceive. I think most developers of these systems truly believe that they are building the First Distributed Republic or something like that.
Re: Critical Update on DAO Vulnerability
#37I remember reading somewhere, that the DAO was basically hastly coded under pressure, without any QA or security audit, so that explains things
Re: Critical Update on DAO Vulnerability
#38I started archiving the slock.it #general slack channel when this attack began. This is where most of the discussion has been taking place. Here's up until a few minutes ago: http://pastebin.com/DykumjLs
@channel EMERGENCY ALERT! IF YOU HAVE A SPLIT OPEN PLEASE DM @griff ASAP!!!
azzo [2:22 PM] what's DM
Re: Critical Update on DAO Vulnerability
#39I remember reading somewhere, that the DAO was basically hastly coded under pressure, without any QA or security audit, so that explains things
hell yes, let's all put $150 million in something with no QA or security audit, what can possibly go wrong? also, I need to buy a gallon of PCP.
Re: Critical Update on DAO Vulnerability
#40I started archiving the slock.it #general slack channel when this attack began. This is where most of the discussion has been taking place. Here's up until a few minutes ago: http://pastebin.com/DykumjLs
Current favorite:
dan_tudor [3:49 PM] So who is buying Dao tokens right now?