Post
Topic
Board Altcoin Discussion
Re: Ethereum to fix TheDAO theft. hard fork != hard fork != holy grail != roll back
by
balu2
on 04/07/2016, 14:28:40 UTC
Hi Balu2:) as said no blockchain rollback is planed but specifically this theft (=4.5% = 3 month of inflation) may be undone which would otherwise affect 1000s of people.
That is up to the Ethereum community, miners to decide democratically. While it is enough to most people this time, future situations in other blockchains, will be different and the ways communities respond may evolve Wink.....

OMG, i wasn't aware it's only 4.5%
That's nothing, man. Uno had 7% stolen coins dumped in 2014 and alomst another 10% this year (could be prevented thanks to bittrex) - these were exchange-hacks. The community did not even discuss forking for that. It's still here and still going strong. We learned our lesson from that not to store too much coins on exchanges. Most coins are now held off-exchange in private wallets as it should be.

I think 4.5% is a really low price to sacrifice integrity. 20% i could understand, but 4.5% is what your average pumper does in volume a day. ETH is sacrificed for the cheap, cheap.

lol, "4.5%" , incredible.

Also the eth will be worth much less by the time they are released. Buying dumps from the hacker or sacrificing integrity shouldn't make much of a difference to the immediate losses - and all the difference to the longterm outlook.


My questions still haven't been answered in a straight forward fashion: what's the minimum for a bailout? And can everyone be bailed out or just the friends of the devs?
How come you expect people to invest money in such a chain?

These actions we've seen in eth is what we are used to see from your average scamcoin dev in networks below 100k$ value. In this high valuation you shouldn't do that - market will punish you.

ETH hardfork = selfdestruction

Should not even have discussed it and just buying out the dumps and moved forward on ~20% haircut but good chances to recover. But now it's probably too late and you could suffer fatal haircut.

I think buying out 4.5% dumps to keep integrity would have been a better deal.