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RE: My thoughts on the debate currently occurring in the Ethereum community over The DAO hack

in #ethereum • 9 years ago

The reason I'm opposed to forking comes from the bold claims they made before. The DAO stated explicitely that only the code counts, and any other agreement beyond that is invalid. Vitalik said the DAO has nothing to do with ETH, and it's run by private individuals on their own risk.
The "only the code counts" made me stay away from it, because I couldn't tell if it were bug free. Imo investors should learn their lesson the hard way, like most of us did at some point during our time in crypto.

9 years ago in #ethereum by
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     8 years ago 

    Yeah, the word "immutable" was plastered all over ETH roll out so it all felt really pathetic for them to back track.

    Also if meat-bags can intervene then why don't I just go to a normal real life company? Why am I doing all this stupid messing around unless this completely eliminate the gatekeepers?

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     9 years ago 

    Here's the terms and conditions for the creation of the DAO. They ruled out compensation for a situation like this. This is a terrible precedent if they really fork.

    The terms of The DAO Creation are set forth in the smart contract code existing on the Ethereum blockchain at 0xbb9bc244d798123fde783fcc1c72d3bb8c189413. Nothing in this explanation of terms or in any other document or communication may modify or add any additional obligations or guarantees beyond those set forth in The DAO’s code. Any and all explanatory terms or descriptions are merely offered for educational purposes and do not supercede or modify the express terms of The DAO’s code set forth on the blockchain; to the extent you believe there to be any conflict or discrepancy between the descriptions offered here and the functionality of The DAO’s code at 0xbb9bc244d798123fde783fcc1c72d3bb8c189413, The DAO’s code controls and sets forth all terms of The DAO Creation.

    https://daohub.org/explainer.html

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       9 years ago 

      It's a great precedent, showing that the community rejects that sort of nonsensical bluster.

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