Quote from: Opquar on June 19, 2016, 08:37:32 PM

Quote from: iamnotback on June 19, 2016, 07:41:18 PM

Quote from: bitcoinlitcoinbtcltc on June 19, 2016, 07:38:55 PM

Only valuable among IDIOTS

There is a huge market of n00bs apparently.

Let's go build something better to show them how it should be done. If we don't have something better to offer for smart contracts, then Vitalik et al will continue to addict more of the youth on mETH.

Competition is good.

While we are at it, let's fix the scaling problem and avoid the clusterfuck Troika of SegWit, Side-chains, and Lightning Networks. There is a better technological solution.

I agree with that totally. After fixing that, bitcoin will be much better and more usable and become THE currency.

I can't fix Bitcoin, but I can try to supplement it with another block chain while Bitcoin might remain the reserve currency.

Also I suggest watching this parody video because it hits on all the points about The DAO FAIL:

Quote from: iamnotback on June 19, 2016, 08:55:21 PM

Quote from: spocek on June 19, 2016, 08:50:35 PM

Quote from: iamnotback on June 19, 2016, 08:41:49 PM

Quote from: spocek on June 19, 2016, 07:18:42 PM

Thanks - I had fun making it. Ethereum sounds promising but right now The DAO fiasco is a grave example of what happens when half baked code which attracted close to 250 million USD (value at one point) in investments got released without proper testing and/or clear goals. I hope the thieves are punished. Hopefully Ethereum will survive and thrive.

You did a great job of hitting all the correct points in your parody video. Did you research a lot of posts here on BCT to gain that insight?

My perspective is that Vitalik has a certain way of approaching computer science and reliable s/w development which is flawed. I don't expect them to improve. I expect them to go deeper into clusterfucks because one thing I learned in life is that WYSIWYG.

So I have decided to take the bull by the horns.

Quote from: spocek on June 19, 2016, 08:37:32 PM

I am simply drawing attention to the absolute lack of logic and even responsibility. I hope good things come out of it.

You did that very well. I don't want to expect, I want to make sure good comes from it. I know how to code. So I can do something rather than just hope.

As a programmer I could see that The DAO was put together haphazardly expecting to be a quick and dirty funding vehicle for the Slock.it project. The Slock.it team felt that they should gift the DAO smart code to the community for bigger exposure. The project got too big as we all know but sadly it was the Slock.it team that asked to be paid to provide future security for their broken code. Someone somewhere figured out that this thing was full of holes and exploited it. The whole project handling was rather immature and unprofessional and many of us fell for it. I invested 100 ETH myself. The joke is on me too. :-)

There are no safety mechanisms built into the SOLIDARITY. There was no attempt to do this incrementally. They released Turing-complete scripting into the wild knowing full well that it must blow up. Very, very unprofessional.

We can't blame this just on The DAO. The root cause starts with Vitalik and his delusions. Casper was another delusion that we knew would fail. How many months did they waste on that.