OMG I can't believe they're planning a hardfork to "unsteal" the loot.
Thats usually the deathnell for any coin. But what are they forking - just the DAO ?
That's like a hardfork to "unsteal" the Mt. Gox funds!!
I don't get it though, what happens to those who bought in good faith? What happens to the BTC? Does that get "undone"? If so, how? It's not like these DAO coins live in a bubble! People who sold their coins for BTC, may have withdrawn their BTC, how do you make them give it back?
I don't understand how they can just "reverse" all those transactions?
theDAO did one thing right: they created a 27 day waiting period before coins could be withdrawn. Those coins never hit the blockchain and never got transferred. The only moved from one contract to another. So basically, the devs have released a soft fork to freeze that one contract and keep it from withdrawing the funds after the 27 days elapse. They are also considering a hardfork to reverse that one single transaction (theDAO > thieves_contract).