Where is your god Vitalik now?
Where is your god Vitalik now?
inb4 btc holders talking shit
Ether cucks on suicide whatch
and some people are saying some hack happened i dunno about that tho
Gonna be a good time to buy back in i guess
LOL ETH GOT HACK AND IS GETTING DRAIN./
1000 ETH IS LEAKING PER MINUTE.
SELL ETH NOW.
There's your 'halvening'.
Polo currently locked out on trades.
Do I sell? Why is it crashing?
COINSHITTERS ON SUICIDE WATCH
Eth price leveled out
if my ETH isnt in the DAO its safe right?
only one thing left to do. buy TRUMP
S-so are we safe? Is this just a passing storm?
Wow dao and eth is getting hammered this could be the mtgox of ether
there will be long term implications. This is very serious. If TheDAO was compromised how can Ethereum guarantee the security of its smart contract? Very sad day.
mfw my stop-loss still hasn't hit yet
ethercucks trusted someone with that face
KEK doesn't quite cut it
i know your trolling but i have to call you a pussy
I wonder if the hackers are the ones that have been pumping it?
Literally the ugliest human being I have ever seen.
tfw bought 1700 eth at 6 usd
I'm holding till eth is at 500$ you cucks
It's recovering already, boys. Nothing to worry about.
This was simply a brief rough wave on our way to the promised land.
Oh yeah, it's fine alright. Go ahead and buy. Buy the dip, motherfucker.
eth went down literally 5 dollars
wow its fucking nothing your just a bunch of pussys
Eth down 30%, DAO down 70%. Keep talking.
So what you cuck ? Maybe eth will drop to 8usd, maybe dao will go -90%
Just hold for a month or two until it recovers. Wait for them to give statements about how this attack reinforced their security.
Eth at 90 USD end of the year, u can screenshot
Eth, DAO, and Lisk frozen on polo.
This actually works in my favour; was looking at the ETH charts and suddenly it was 21, was only 13 like a week ago.
Still need some time to clear funds, sad to see this happening though. But i still have faith in the long term future and will enter this dip! :)
Its fucking over
Yeah, this isn't going to cast serious doubt on the whole technology, is it? Time to wake up, shills.
until it recovers
didn't bitcoin get hacked to in its early days? it recovered too right.
short short short short short
Yeah kind of ,but it took about 2 years to recover I dont think eth is going to bounce back from this
never been hacked
A centralized and mismanaged exchange got hacked. Not the protocol.
I know I just couldn't be bothered to explain ,as far as i understand ethereum hasn't been hacked just the dao so it's a similar scenario
bitcoin didn't get hack. The exchange did. Bitcoin has been proven.
Eth the new tech, dao, got hack. It'll leave some bad rep for ETH as well since ETH/DAO is a pair.
Sooo it'll take a while for this recover if it recover at all.
seems to have found a bottom atleast for now.
Talk of hard forks going around. If they do it, Ethereum is dead. Not decentralized at all.
lol @ Tual trying to get users to ddos the ethereum chain so he can mount a "counter attack". It wouldn't surprise me if that greasy fuck wasn't in on the whole thing.
how to kill a career in 1 day
ETH might be fine but this fairy is finished
Guys in this time when Ethereum looks like it's going to crash and burn it helps to reaffirm belief by reading Vitalik's beautiful poetry regarding Ethereum
Truly we have not seen such a Renaissance man since Leonardo da Vinci
The last page is a poem about the DAO, you see all of this was part of his beautiful plan. A beautiful mind with a beautiful plan.
In this moment of chaos, I am euphoric, not because of any phoney Bitcoin's blessing, but because I am enlightened by Vitalik's poetry
How come Bitcoin is going down as well? I don't understand why they both seem to follow the same pattern
Bitcoin had a correction earlier in the night unrelated to ETH
bitcoin is a real big bubble I think
once it bursts itll stream into ethereum.
glad I sold my eth at 18,50 euros yesterday lmfao
this is why you buy BTC folks.. It hasnt been hacked ever
ethercucks on suicide watch
stream into ethereum
CounterParty can do everything Eth can
Eth is just a meme motherfucker
The fuck is going on? Why is everything dropping?
Bitcoin has been hard forked before
The dao got hacked and as is being drained as we speak.
It hasnt been hacked ever
What is Mt. Gox?
This is just the first stop on the pain train for eth. Once the reality that smart contracts and DAOs carry massive risk sets in people won't be so gung ho about the tech. That and just wait until all of that ill gotten eth starts getting dumped.
Your god Vitalik just called upon the exchanges to stop all eth trading. And thus, in one fell swoop, all the bullshit about how this tech is decentralized.. right out the window. Vitalik just sold his soul and showed his true colors right there.
What is an exchange and not the coin itself
Yeah, and ETH itself isn't compromised either. The DAO was.
Bitcoin still hasnt recovered from mt gox
I'm not saying ETH will fare any better.
isnt it being sent to a burn address?
THIS. It's like BTC all over again
idk maybe by updating their code?
Like BTC? when was the last time satoshi told exchanges to stop all trading?
Because DAO got hacked.
Until the next exploit? Turing Completeness is always going to be a security risk
with a 1 billion+ market cap and calls to halt trading on exchanges by the creator(and largest shareholder)?
i understand ethereum hasn't been hacked just the dao so it's a similar scenario
It's true, but a great problem is that they are thinking of forking the underlying ETH to solve this "hack"... That could destroy some faith in ETH generally. Bitcoin was not forked in any way to recover Mt Gox funds.
Here's Vitalik saying soft fork, followed by a hard fork:
Glad to see Vitalik proving he is the boss of ethereum
Now we see why it was good for satoshi to call it quits when he did
obviously it's a very big deal. It's a fucking disaster and hard choices are on the table.
People buying etherm right now are out of their minds. There is no way that major selloffs are going to stop anytime soon.
7500BTC in buy orders on poloniex
HOW DELUSIONAL CAN YOU BE
Not ETH you tard, they talking about hard forking the dao. Ffs.
This is a problem with the dao, not ETH. Do your research plebs.
He asked he didnt tell. Anyone is free to ask anything its free speech
I think you're wrong. Etherm was taken, and the fork would be to recover that.
Needs to rally more
Yep, I'm right.
BUY THE FUGGING DIP
THERE'S BLOOD IN THE STREETS
Qualité le saucisson.
In 2010, an exploit in an early bitcoin client was found that allowed large numbers of bitcoins to be created. The artificially created bitcoins were removed when another chain overtook the bad chain.
Wait for the western hemisphere to panic sell
It's only 6:40 here in Vegas, wait a bit for Cali to start panicking
current crypto holdings are worth $2000
went to bed
CAN'T WAKE UP
no pressure, just wait it out
to the moon
The hacker was dumb as fuck. He should have recognized that there was no way he would get away with $11m in stolen crypto. He shod have sent the coins to some address like ETHIsDeadDumpNow and played the market
That wasn't his intention most likely. He wanted to demonstrate that the crash is posible while shorting Ethereum and DAO on exchanges and making money that way, Those "stolen" funds will never be actually retrieved by the hacker, but the money made from shorting will be.
Meh, still long on Ethereum.
I wish there was proof Vitalik had actually written this.
Hello, I'm back :)
I'm the infamous shill hating nocoiner, btw. I made the picture in my OP, back in February, after being bugged to no end by etherm spam. I've taken great pleasure along the way in taunting mentally helpless shills, but now I've come back to reap my harvest.
How many times did you use the most predatory and underhanded tactics to push your coin on people, only to turn around and say "you're stupid if you didn't do your research" when you took them for their money. Well now.. how could you predict this disaster? I predicted it, literally hours before it happened. I said there are a dozen ways your coins could lose all their value overnight, leaving you with no recourse, and it remains true. What happened here is only one of the uncertainties that invalidate every statement about how the moon is inevitable for etherm or any crypto.
I say with great pleasure, suck it shills.
I wonder what kind of glorious short position he had?
How does that even happen?
A smart contract on the blockchain called The Dao, is like an investment firm that people purchased a stake in for Ethereum.
Someone found in the code that you were able to continuously try to split (basically take your stake) out and that the Dao would only check at the end of the transaction. So if you kept calling for a split before the previous one ended, you could split more than your stake was worth.
Someone did this and took est 60 million worth of ETH and it is not sitting in a split Dao, since due to the code, any split takes ~30 days to finalize before anything can be done. So all the funds taken are sitting in a dormant account atm.
Ethereum Foundation is proposing (must be voted) a soft fork (basically a change in how Ethereum works) to make it so that any transactions that were sent to that account where the 60 mil is are invalid so they don't happen. Then a hard fork will be made to change the Dao which will basically kill it and return everyone's ETH back.
Note that the 'exploit' that was used was on The Dao smart contract, which is essentially a program that was made to run on the Ethereum Network.
A rough anaolgy would be if the Ethereum Network is a computer, and The Dao is a program that is made to run on that computer. People invested in The Dao, and the problem was found in The Dao program. It is only the funds that were invested in The Dao that are involved.
thanks for the cheap coins suckers
I really hope they try again with The Dao, I actually liked the concept.
I was actually away from crypto for a while and just came back the other day when I heard BTC was at 750$. Never even heard of the Dao. It seems pretty insane that people were willing to invest so heavily into it without it being properly vetted.
Slock.it will probably see collateral damage from this as well.
decentralized Turing complete protocol
not easily exploitable
Saw this happen a mile away. You fucking smartasses deserve this so hard. God what a glorious feeling.
So is this like the Mt. Gox hack, something that will be recovered from, or is it a happening hack that can't really be fixed?
They released a soft fork, which would make it so that the person that took the funds cant do anything with them for now. It is up to the community whether or not to adopt the fork or keep on the main. Basically it is up to the community if they want to rescue the funds.
From the looks of it, it will be recovered with minimal disruption.
List of altcoins that weren't pump and dumps which eventually faded away into obscurity:
I like watching people fall for scamcoins while sitting on my triple digit btc stack
Is btc still expected to grow?
Good advice user
Muuh block chain smart contracts
Kek get rekt
If they're going to let DAO token holders withdraw their ether, at what rate is it to be withdrawn?
Are you able to only withdraw the Eth you originally put in? Or are you able to withdraw Eth based on all the DAO tokens you currently hold?
That's the thing, it's confirmed ethereum is a shitty pre-mined IPO scamcoin thats not even decentralized
When this 100 lb drug addict autist can demand exchanges shut down trading to prevent a mega dump you know it's time to sell
The group of eth shills that are responsible for pumping this shitty scamcoin are pretty much drained of btc and fiat by now, 90% of people holding eth are weak hands because its just a shitty get rich quick scheme, nobody has any faith in eth anymore, etc
Expect this shitcoin to slowly go to zero with the pump grouping desperately trying in vain to inflate the price
Rip in peace eth
You mad bro?
yah it leveld aroudn zero kek
Get your ETH before it plummets to zero, folks. Vitalik has too much of a heavy hand on this. The damage control and COPE is over the roof, with this Slav scamcoin
Let DAO burn like Mt.Gox. Free markets FTW
how do I sell ETH for usd i just realized i dont actually know how
Just so you guys know, the thief (if you can call him that) doesn't even need the Eth he "stole". A 3000 btc short was made just before the attack. They made their millions off of the crash. Hardfork will kill Eth and is a disaster for the exchanges. Heres a link to the chat log between exchange heads and the Eth team during the time of the hack. Its a good source of info. http://pastebin.com/aMKwQcHR
Some must be trampled for others to use the bodies to walk on water.
Yeah. Soft fork was already proposed to disable the account hacked funds were sent to. There is no reason anyone should have a problem with this; the funds were ill gotten gains, so disabling the account is the right thing to do.
Hard fork is being proposed to make token holders whole on the eth they lost. That should not be allowed to happen. Those people invested without properly reviewing the smart contract code, which makes them stupid and/or negligent, neither of which necessitates giving them their money back.
Indeed. That's gotta be one hell of a ride if he did that.
Yobit, leverage a couple hundred eth 40x as it fell from 21 to 14? That's some real fucking shit right there.
No one will be able to withdraw anything yet, I think they are just changing DAO to just let people take out what they invested.
He told exchanges to fucking halt trading, so eth holders couldn't dump his Scamcoin
Stop trying to shill for this pile of shit
Nobody in their right mind would want to hold a centralized scamcoin like eth, have fun being at the mercy of vitalik, jew bankers, corporations, and other cocksuckers
Myself and a shitload of others are going to mock you ethcucks relentlessly as we watch the price go to zero
Is this a joke question or what?
Bitcoin is the only crypto non-retards put their money in
Buy ETH they said ;_;
things poor people say
its secure, they said
its better than "real money", they said
haha, cry harder
pic related, it's you and other nocoiners
Isn't everyone that had their coins hacked now a nocoiner?
How much do I short?
just did one on polo a few hours ago
Im guessing everyone started shorting as soon as the hack happened and ETH price dropped right?
Shorting at this point is saying you think eth can't recover
Had i known how to short I would have shorted ETH as soon as i heard the news about the attack
This is nothing compared to MtGox, and look at BTC now.
Doesn't this prove that its decentralized?
He has no power, and he just had to make a recommendation. Exchanges could completely ignore him.
Bottom is @$13.78
MtGox had nothing to do with technology though,
ETH on the other hand is infested with bugs
and you can D'OH yourself if you're not careful with your programming.
Its time to buy
Yeah, it's always time to buy according to you assholes. House of cards, watch it fall.
If i buy extra DAO and they allow withdraw of eth from the DAO, does all the DAO tokens i now hold get exchanged? Or only the tokens exchanged during presale
I just bought my first coin
How is ETH not dead?
Is it only being kept afloat by greater fools?
I was kind of wondering that myself. Maybe one of you crypto geniuses can tell me. Also, how much is going to be returned per DAO when they lay theDAO to rest?
All Crypto is shit, every single coin. just buy and flip asap
How's that going for ya?
Just sold it. so fine I guess
tfw you didnt short before all the americans were waking up
short it now its still in free fall mode
Because it's not Eth itself that was hacked, it was the DAO. The smart contract people put their Eth into.
You don't abandon the dollar in it's entirety because you gave yours to a dodgy investor. Or abandon cash because the bank you put it in got robbed.
Not the best analogy but Im not clever enough to come up with another.
how much you shorting brah
but they want to soft fork and even hard fork
thus ruining the whole point of ETH
But wht if we bought at .001 usd?
Playing at bounce game. I expect it to halve, then real bounce or dead cat either way, I'll be in and out quick. Hard to call the bottom, maybe it fines some support around 10$, though you never know how much momentum will be behind the free fall.
I fucking hate crypto as an asset but if anything goes on sale I am buying it.
Well, in that case, you're a liar.
But hypothetically speaking.. hope you sold at $20.
you exchanged all your ETH to BTC right before the crash
Yes, they're considering it. If they hard fork, ETH dies.
I dont think they will. I think they'll allow the withdraw of Eth from the DAO and the DAO will be left to die.
tfw swapped half my BTC to ETH 5 mins before the hack
As if this doesn't affect BTC
Hey dummies. The general public thinks "cryptocurrency" got hacked, which in their mind means Bitcoin since it's the most recognizable. Have you checked some of the comments on mainstream articles?
This hurts everyone in crypto. MOST of the population doesn't know shit about it, so they instantly make assumptions... and that road leads to BTC.
Crypto reputation, including BTC, is affected whether you like it or not.
If you write bad about ETH, you're hurting your own coin. Get it?
Can we talk about the speed at which this coin is collapsing, not even touching the sides as it free falls.
This is my thread and I have never bought a single goddamn coin. I'm entertained when you guys start tearing at each other, so have at it.
I know, isn't it great? ^_^
Cryptocucks on suicidie watch!
Cope "altcoiners" - more like shitcoiners. This is the end of cryptos, and everyone knew it would end like this. All shitty basement dwellers lost their McJobs money, while real men trade stocks and CFDs for indexes.
At the same time I gained 20% in last week over Brexit fears shorting stocks. Be deluded over your virtual, nonexistent "coins" and leave the real market for real men.
New low for ETH, and plunging.
"Buy the dip", cucks, come on keks!
coinlets getting BTFO
Bitcoin is captain KING
Who shorted this POS?
How do you figure? It was sub $10 only a month ago and is currently $13
tfw bought 10ether @26AUD
It was weird, I told myself to wait a day and buy during the guaranteed volatility but thought "fuckit" and just went ahead witht he purchase.
I'll be alright though, In a few months it'll be back at $25 AUD
lel. It's going to be $2 soon.
ITS OVER FOR ETH
inb4 it's bouncing back up
tfw it's a trap.
Fucking kids right. My btc up 200percent this couple of months. Enjoy your mediocre 7percent yields per year. Leave the true trading to people with actual balls
I mean in the current carnage.
Sure it will. You're basing that on.. what, again?
WOW you're gonna learn a valuable lesson, I'm proud of you and it's only gonna cost you 260AUD.
Learning to take an ass beating
No, now you buy another 10 and average your losses down.
You had $10, and now you got $20. Good for you.
Legit what I'm thinking.
Yeh nah. $25 cunt
Color me BTFO.
First time i bought ETH was mid-hype when it hit 0.03 back in March. I then watched it fall as low as 0.015
I bought down multiple times until I averaged my losses @ 0.022 and watched it rise back to 0.03
Problem is, you need balls and a strong stomach. Watching thousands of dollars disappear to pump-n-dumps gets a bit sickening the first time.
has anyone used a loan % of less than the default 2% on polo for margin trading?
a person who's country sold their own people
a person who's country has the most loved president
I don't know user, i don't know...
Jesus christ read your own article. There's nothing wrong with eth the platform.
The issue is with poorly written smart contracts. They're two separate things. Yes, they are intrinsically linked. No, a bad contract doesn't make eth worthless on its own. For fucks sake, I'm tired of all these retards who don't understand the platform acting like eth is doomed because of this hack. This is a Mt Gox situation, not a failure of the blockchain itself.
If dao withdrawal is allowed (big if), it will be at presale prices (so 100 dao tokens = 1 eth), if I'm not mistaken.
This is a big if; lots of people, including most miners (who are the ones that matter in this voting process) have no intention of implementing a hard fork to repopulate the dao account with eth.
My personal opinion as a miner is to allow the dao to fail; the fact that we're even considering staining the platform to save the dao means the dao is too big. If it's allowed to continue existing, it's going to be only a matter of time before this happens again, and the long view here is that forking now indicates that it's possible, with sufficient pressure, to create a small centralized group of people within the platform to push through various changes to the platform and its broader user base.
Right but if all the practical uses of etherm are tied to these smart contracts, then the platform itself is in fact called into question with this exploit. In the public mind anyway, I mean the rise of eth has been predicated on hype, as much as anything, so it's an issue of trust, and right now that trust is in a shattered state. Reminder that Vitalik called for exchanges to freeze trading of etherm, to stop the free fall, that $3.5 million etherm are missing. That's over 4% of the entire market cap. And now, we're talking about modifying the blockchain to "undo" the "bad" transactions. For a platform that is predicated on and sold as decentralized, it doesn't bode well.
Will it recover, I don't know. Do I know the future? No, and neither do you. Just go ahead and keep buying it if you want.
Don't do it yet. Keep shorting until the hard fork (27 days). I'll consider buying when we know if the fork will be implemented. If no, I'm in. If yes, I'm out (and done mining).
Fucking thedao retards may have just cucked the whole coin for good.
You're right, and I ashe there's a lot of uncertainty right now. As a miner, my only hope is that most don't adopt the hard fork. The soft fork sets a dangerous precedent too, though, so who knows what the future holds.
I'm currently shorting, and will continue to until the hardfork is proposed; if it's accepted, I'm out for good. It was a mistake to let the dao get so big, rescuing them from their own greed is stupid.
Fair enough. I'm not in the eth game obviously, but I agree that for the best chance of eth recovery, the fork should not done. Even then I would expect significantly slowed growth and lowered value for some time.
Good luck, by not enforcing hard fork you allow someone to take 3 mils of eth and let it to dump anytime
Soft fork already takes care of that (the funds are in a child dao rt now, soft fork locks those funds).
The real question is whether we make thedao retards whole. If that happens I'm out. If I wanted to bail out stupid investors I'd just hold usd.
Soft fork already takes care of that
No, it doesn't. Who the fuck told you that? After 27 days the attacker would have access to them and could bride the miners to move the money where he wants to.
Not to mention Mt Gox had virtually nothing to do with Bitcoin as a protocol. It's the exchange that failed, not the protocol.
guys its a chickens game now who will dump first for the real ETH crash to start.
smart money is moving into other alts already
monero, bitshares, nxt, nmc, even ltc
The guy on the right is my GOD.
Youve never looked in the mirror kek?
Thanks to the nature of smart contracts, the "hacker" has a legal right to his acquired ether.
They have no right to steal his ether away from him, which is so hilarious I can hardly contain myself while writing this.
The hacker's own open letter:
ETHER IS OFFICIALLY FINISHED. IT'S OVER. THE STUPIDITY OF ITS LE TURING COMPLETENESS HAS BEEN DEMONSTRATED.
Just because he says something is legal doesn't mean it is.
People have been jailed for completely retarded shit that's then labelled hacking, like weev.
The hacker's own open letter:
reddit fags confirmed fake, the signature can't end wiht 0x32
It's true though.
can you explain how the signature shit verifies it's legitimacy? this is being splattered across the exchanges in the past hour and would be the icing on the cake of this autism festival
This is why I'm sticking with BTC/LTC/TRUMP. Not going to deal with this autist bullshit
agreed about btc, the other two are just shitcoins with no future like ETH the cuckfest.
The only autist around here is you. That is just a sad attempt by someone to steal further 40 btc from idiots like yourself. Properly signed message means that we would know with 100% certainty that the message was sent by the owner of the account that stole the ether.