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RE: DAO Attacker Has Drained ETC DAO (Classic)
I agree. This has been a disaster. Hard fork should never have happened. Its the equivalent of a bailout for The DAO. A smart contract that was coded with flaws. It never was an ethereal issue.
Bailouts are taking from the many to support the few with the idea that it is good for the many. In this case, the HF undid a theft effectively. But it's even more benign than that -- at the consensus level, basically everyone on the old chain agreed to move to the new chain and leave behind the attack and the attacker. Currencies and blockchains have no value without the people involved and they can always leave go in a different direction.
You obviosly don't understand what a bailout is. You should probably look it up and know the differences between it and this situation so you have an educated perspective to push on the subject when you choose to voice your opinion.
I agree I was just starting to get into ETH but a hardfork because they suck at coding? Kinda kills the crypto vibe.
The coding you are talking about was not an ETH bug, you must be a complete dumbass. It was a bug created by the DAO code team. Get your shit straight before running off on comment threads.
No need to be rude. Be respectful. Thanks!
What I really meant was I don't like that ETH forked because the DAO was poorly coded. It's basically a government bail out, sorta what we're trying to avoid here in the crypto space. I'm glad your first post was calling me a dumbass. I am honored!
It wasn't poorly coded, it worked exactly as it was supposed to. The intention was what was fucked. If people can steal form you anonymously, they will. That's as much as there is to it.
You obviously don't understand code. The code itself was perfect, and executed itself perfectly. Someone just exploited something in it that wasn't intended in the design.