Ethereum Reaches Unanimous Agreement to Hardfork
In a historical, decentralized and defining decision, Ethereum holders have unanimously voted in favor of a hardfork to deprive the DAO thief of his ill gains and return the funds to token holders, avoiding a trainwreck just months after ethereum’s release.
Utilizing the blockchain, a transparent and non-gameable voting method shows that out of more than 1.5 million eth, 97%, valued currently at $15 million, are in favor of the fork, with only just above 40,000 eth against.
The unanimous and conclusive decision by ethereum’s community will now turn attention to the implementation of the hardfork which has numerous deadlines, but the latest indications are that it needs to be activated by the 21st of July, just under two weeks. After that date, the situation becomes far more complex.
https://www.cryptocoinsnews.com/ethereum-reaches-unanimous-agreement-hardfork/
Of course they will vote for the hard fork, their investments are at stake. The real issue may be the legal ramifications of this whole fiasco.
Nobody is forcing anybody into the new chain.
If old-chain-ether devalues, tough luck.
That's not entirely true. The core devs endorsing the fork pretty much insures the exchanges will fork as well. Sure, you can stay on the old chain but then what? A pile of dETH you can't move.
I really don't think that "The Attacker" has as strong a legal case as he claims to have.
The legal ramifications are not about "The Attacker". The biggest one is the intentional evasion of securities law by the slock.it and the DAO creators. But additional legal ramifications of a hard frok are that jurisdictions may start turning to the Ethereum Foundation and ethereum developers to alter contract balances in similar ways to this proposal for instances they are interested in.
"But additional legal ramifications of a hard frok are that jurisdictions may start turning to the Ethereum Foundation and ethereum developers to alter contract balances in similar ways to this proposal for instances they are interested in."
They could do that even if there wasn't a hard fork.
Correct, yes they could. But this makes it more obvious that it is possible to successfully pursue, despite previous claims of things like "immutability" and "decentralization".
I think the legal ramifications would be what happens when the Dao investors lose their money, if anything.
There are less voters than DAO funds lost! Hard to say it was unanimous.
Exactly! This pole is a joke. 81M Ether and 1.5 million votes is unanimous? Unbelievably poor journalism.
This is quite inaccurate. There was not a "unanimous and conclusive decision by ethereum’s community" as claimed.
NO just NO!!
Well, the price is speaking...
I more or less agree with this "What may, therefore, have been a disaster, may turn out to be a blessing as Ethereum proves itself to be the safest platform where tens of millions are not just burned."
In the eyes of people who don't know about cyptos just giving the hacker millions of ether when it could be prevented is stupid in my opinion. I completely understand all the arguments for why we shouldn't hard fork, but imo its best to do it. Though my opinion isn't worth much. Nonetheless, seems like quite a few people agree with me.
If anyone feels like voting you can vote here http://carbonvote.com/
Send a 0 eth transaction to whichever address you want either yes or no, any ether you send they will send back minus the small transaction fee, which is quite small.
This disaster is far from over. With the success of the hard fork investors will get money back, which is promising. The question is how will this change the future ETH had. This is the fault of the DAO which directly holds ETH responsible. I am confident there will be legal issues plaguing ETH for years to come. It will be interesting to see if the price that has been supported through this chaos is support for the project or simply investors hoping to re-coop there investment. As a trader I look closely at the ETH/LISK pair, we could see a shift in power if investors are not supporters.
Shaking my head in disbelief. I never thought it would come to this 1 month ago.
Exact sentiments here :)
My opinion is that legally a hardfork is preferable because in the end far fewer people have been injured. Issuing the Dao contract proved a rash gesture which officials from the Ethereum project have well learned hopefully. The Ethereum project is here to stay because it greatly helps to develop the potential of the blockchain technology. Furthermore we ca see the resilience of the community supporting it. So I am not worried that I hold some ethers, none being placed in the Dao.
Ethereum Reaches (updated) 73,4% Agreement to Hardfork.