Quote from: RichardReMark on May 19, 2018, 07:58:45 AM

Yea so how is the parity situation different from the Dao situation? My guess is that a very powerfull person was hit by the Dao like the son of a US army general would do the job to make the Dao people get a bail out. We parity people just dont have that kind of luck i guess.
No it was a NSA guy that made the lights of Vataliks house go on and off. (Im waving seductively at my phone camera as we speak let see what wil happen)

Quote from: ruletheworld on May 19, 2018, 04:49:22 AM

Quote from: kalpit on May 18, 2018, 06:54:08 PM

Quote from: ruletheworld on May 18, 2018, 05:47:54 PM

Quote from: RichardReMark on May 18, 2018, 09:53:46 AM

It's a matter of risk. No one should hold 9 figure wealth in a piece of software that hasn't even been audited. Whoever does that is in the wrong. The whole purpose of blockchains/smart contracts is you don't have to trust authority figures. That's why the code is public. Blindly relying on someone else's code is ok for small amounts, not for large amounts.

There are many other differences too (e.g. the scope of the DAO hack was close to 10% of the network). Ultimately, it is a community-driven consensus, there's no guarantee provided anywhere that if you lose money then the community will essentially bail you out. See the full discussions on the Github board and reddit threads if you're interested.