How to Learn Solidity: The Ultimate Ethereum Coding Guide

Post by toolkitman12 » Wed, Jun 07, 2017, 12:17 AM UTC

kefka wrote: post #17

devmpk wrote: post #11

Earlier quoted context omitted.

The real story of what happened during the DAO to me seemed like fast, responsive, and intelligent leadership. They had a problem, they asked the community how they would like it dealt with, and acted accordingly. Saying the founders were losing too much money so they hard forked it is a gross misrepresentation of the reality. It's like a Fox News representation of what actually happened.

It's completely the wrong way to handle this. To me, this "currency" is dead. There is no trust, other than if the creators lose more money on a venture, they'll "convince" the community to reverse it. I remember reading and playing around with it when it came out. It was raw, bare, and frankly awesome. The base tenant was that: "The Contract is the Code, and the Code is the Contract." It was a programmers no-man's l…

Post by Jabanga » Wed, Jun 07, 2017, 7:27 PM UTC

woodandsteel wrote: post #49

Jabanga wrote: post #39

Earlier quoted context omitted.

People are not meant to work in factories. They're meant to own parts of factories and other productive enterprises. Ethereum reduces the barriers to entry to becoming a stakeholder in value created by enterprises. The cost to exchange a token is 1000X less than the cost to exchange a security. This is an orders of magnitude reduction in barriers to entry and expansion of liquidity. It means the economy can grow in a…

Do you mean people won't work in factories but instead sit around and collect profits, or do you mean people will work in factories but own them cooperatively, or that people will work but not in factories but in some other type of economic enterprises, or what? And could you give me a link where this is described in more detail, including addressing various possible objections?

Post by fapjacks » Sat, Jun 10, 2017, 4:23 PM UTC

csomar wrote: post #48

zeven7 wrote: post #13

Earlier quoted context omitted.

Unfortunately it's not an honest portrayal of events. Disclaimer: I was a DAO investor. The DAO held 5% of my Ether at the time of the attack. Having said that, it's not as simple as saying: I support the DAO refund because it was in my best interest. That doesn't necessarily follow, and it didn't necessarily follow for most of the other DAO investors. I still held 95% of my crypto $ in Ether. I would have been happy…

There is no morality on the blockchain. As far as legality goes, I think the attacker is in the clear because what matters is the code and not the intentions.