Hard forking to recover the ether is a bit risky, but I believe it can survive this early, and maybe just this once. Of course, the precedent has been set, so guidelines need to be drawn up to anticipate future problems.
I am generally optimistic about ethereum and its power. I think it and bitcoin will both survive and prosper. The rubber will hit the road a day or two after the hard fork is released.
Solidity has turned out to be an unsafe language for writing smart contracts. The Ethereum developers need to fix this, either through an iterative process or a start from scratch process (adding a new language besides Solidity).
The EVM (the part of Ethereum that runs the smart contracts) and the design of Ethereum itself are perfectly fine. Just the language needs improving. I think Ethereum's market cap will recover, but it might take a long time.
I think just like any other programming languages, Solidity will have to improve to stay in market, starting point would be improve documentations for new coders with more best practices, examples, etc.
I don't have any ill will for anyone holding ether, but I think this was a pretty big hit. I'd be more than happy to see it come back, but the chart covering everything since the "hack" isn't a very optimistic one.
Someone please correct me if I'm wrong but if someone can exploit an unintentional piece of the coding and miners can freely choose in a non-coercive way to save the network then it's all part of the code. It takes a lot of imagination to believe that this soon wouldn't be the standard in a lot of other crypo networks. That is to say unless someone creates a coin that bills itself on letting bad people do whatever they want to screw over the network and those miners just sit on their hands and pretend there's nothing they can do about it. Even then such a block chain could never be carved in stone.
Everything surrounding this fiasco has only solidified my own choice to use Ethereum in upcoming dev projects.
The DAO attack showed that ETH contracts are stable. The choice to hard fork showed that the community will step in on catastrophic issues. I see more long term potential there than anywhere else.
I think there are already dozen companies or individuals already working on next big projects with Ethereum that's why I think technology proving that it can survive is great. Hopefully contract writers will be more careful on their end to try bug free coding or simpler contracts. The more simpler the contract the more safer/bugfree it is.
Hard forking to recover the ether is a bit risky, but I believe it can survive this early, and maybe just this once. Of course, the precedent has been set, so guidelines need to be drawn up to anticipate future problems.
I am generally optimistic about ethereum and its power. I think it and bitcoin will both survive and prosper. The rubber will hit the road a day or two after the hard fork is released.
exact my thoughts! ;)
So I guess now I'm doing ether, bitcoin AND steem!
Solidity has turned out to be an unsafe language for writing smart contracts. The Ethereum developers need to fix this, either through an iterative process or a start from scratch process (adding a new language besides Solidity).
The EVM (the part of Ethereum that runs the smart contracts) and the design of Ethereum itself are perfectly fine. Just the language needs improving. I think Ethereum's market cap will recover, but it might take a long time.
I think just like any other programming languages, Solidity will have to improve to stay in market, starting point would be improve documentations for new coders with more best practices, examples, etc.
I don't have any ill will for anyone holding ether, but I think this was a pretty big hit. I'd be more than happy to see it come back, but the chart covering everything since the "hack" isn't a very optimistic one.
chart is usually useful in stock exchanges when you do technical analysis, I think in crypto world chart analysis often doesn't work, imho.
Assuming Ethereum isn't able to recover implies that the fundamental value proposition behind Ethereum has changed since theDAO attack.
I would argue strongly that the fundamentals remain solid and could look even better depending on how the fork situation is handled.
You are right
Someone please correct me if I'm wrong but if someone can exploit an unintentional piece of the coding and miners can freely choose in a non-coercive way to save the network then it's all part of the code. It takes a lot of imagination to believe that this soon wouldn't be the standard in a lot of other crypo networks. That is to say unless someone creates a coin that bills itself on letting bad people do whatever they want to screw over the network and those miners just sit on their hands and pretend there's nothing they can do about it. Even then such a block chain could never be carved in stone.
Well, I liked one analogy of the devs. If you see someone steeling from someone else, you cannot be ignorant.
Everything surrounding this fiasco has only solidified my own choice to use Ethereum in upcoming dev projects.
The DAO attack showed that ETH contracts are stable. The choice to hard fork showed that the community will step in on catastrophic issues. I see more long term potential there than anywhere else.
I think there are already dozen companies or individuals already working on next big projects with Ethereum that's why I think technology proving that it can survive is great. Hopefully contract writers will be more careful on their end to try bug free coding or simpler contracts. The more simpler the contract the more safer/bugfree it is.
I think we are lucky that hack happened early. If it would happen after proposals accepted, would get very complicated.