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Critical Update on DAO Vulnerability

blog.ethereum.org

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Re: Critical Update on DAO Vulnerability

#41

Post by btrask »

joosters wrote: post #26

Just 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…

We already knew that blockchains are vulnerable to 51% attacks. There are real problems with points of centralization (including the developers), but events like this don't prove anything.

Edit: to be clear, the 51% attack I'm referring to is actually the defense of the network by developers/miners/users that the parent post is complaining about.

Re: Critical Update on DAO Vulnerability

#45

Post by nullc »

joosters wrote: post #26

Just 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…

> all the talk of blockchains being decentralised

All the talk of /ethereum/ being decentralized.

Re: Critical Update on DAO Vulnerability

#47

Post by nullc »

dimgl wrote: post #7
SakiWatanabe wrote: post #2

developer asks token holders to spam the network to delay the attack o.O griff [10:05 AM] @channel The DAO is being attacked. It has been going on for 3-4 hours, it is draining ETH at a rapid rate. This is not a drill. You can help: If anyone knows who has the split proposals Congo Split, Beer Split and FUN-SPLT-42, please DM me We need their help! If you want to help, you can vote yes on those aforementioned split p…

This is the nuttiest thing I've ever seen.

Because it's malicious code to steal a bunch of funds from the users wallet? Or because many people are running it?

Re: Critical Update on DAO Vulnerability

#48

Post by johncolanduoni »

btrask wrote: post #41
joosters wrote: post #26

Just 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…

We already knew that blockchains are vulnerable to 51% attacks. There are real problems with points of centralization (including the developers), but events like this don't prove anything. Edit: to be clear, the 51% attack I'm referring to is actually the defense of the network by developers/miners/users that the parent post is complaining about.

If this is just a 51% attack then we didn't learn anything about etherium qua etherium or blockchains qua blockchains... but we'll learn something about the lower bound for being big enough that they're not a realistic possibility.

Re: Critical Update on DAO Vulnerability

#50

Post by dimgl »

nullc wrote: post #47
dimgl wrote: post #7

Earlier quoted context omitted.

This is the nuttiest thing I've ever seen.

Because it's malicious code to steal a bunch of funds from the users wallet? Or because many people are running it?

I found the self-DOSing to slow down the attacker pretty nutty.
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