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comment by mk
mk  ·  3092 days ago  ·  link  ·    ·  parent  ·  post: TheDAO is being attacked, Ether Worth $53 Million Routed, Value Drops By 30%

Yeah, funny stuff. They really should have had a cap on The DAO. It's so high risk. That was a bad decision.

It seems they are going to work it out.

Geez HN hates cryptocurrencies. Some silly comments there. Bitcoin did some security hardforks in the beginning that would be very difficult if not impossible now. The decentralization comes with scale.





veen  ·  3092 days ago  ·  link  ·  

So what does this exactly mean in terms of safety? Is there a way to resolve this that doesn't undermine the decentralized aspect of Ether, or is this a result of insecure programming?

mk  ·  3092 days ago  ·  link  ·  

Not sure. But the error is in The DAO code. I don't think they should hardfork at this point, but everyone should realize it is feasible if there was broad consensus.

Even if I lose my tokens, I'd rather they not hardfork.

b_b  ·  3092 days ago  ·  link  ·  

Guess they should have listened to you two weeks ago :)

Hopefully no one was dumb enough to put their life savings in there, but I can't imagine that's not the case for some people. Bug, no bug; theft, no theft; it's irrelevant. When any asset increases by 15 fold in 5 months or so, it's probably time to hit the pause button. Anyway ETH is still sitting at $17, which would look pretty attractive by even last week's standards.