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Domain: ethereum.org

Stories and comments across the archive that link to ethereum.org.

Comments · 5

  1. Utter, stark, raving madness by SlaveToTheGrind · · Score: 5, Insightful · on Someone 'Accidentally' Locked Away $300M Worth of Other People's Ethereum Funds (vice.com)

    So now we had a wipeout from a bug fix for the last wipeout. This will, of course, be the last one... until the next one. Recovery from the prior debacle involved white-hat hackers taking it upon themselves to steal currency from vulnerable wallets (and eventually returning it) before black-hat hackers could. And this time around, apparently the only fix is basically to start an entirely new ecosystem and hope like hell everyone migrates.

    Contrast this miserable chaos to the sweet lilting tones from the founders:

    Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference .

    Caveat emptor indeed.

  2. Stop it with the blockchain nonsense by mrwireless · · Score: 1 · on Equifax Breach Provokes Calls For Serious Data Protection Reforms (wired.com)

    Blockchain:

    - Unclear accountability (the real reason for popularity)

    - You're putting data on lots of computers, in different jurisdictions.

    - Can't really delete anything (privacy nightmare)

    - Not really anonymous.

    - Encryption will be broken in time.

    - Power not really distributed, just obfuscated (lies with devs).

    - Slow and overly complex.

    Sources:

    http://estsjournal.org/article...

    https://medium.com/enspiral-ta...

    https://www.forbes.com/sites/j...

    https://www.theatlantic.com/te...

    https://blog.ethereum.org/2016...

    http://blog.ezyang.com/2011/06...

  3. No it is not. by MartinG · · Score: 3, Informative · on Digital Currency Ethereum Is Cratering Amid Claims Of a $50 Million Hack (businessinsider.com)

    "this is an issue that affects the DAO specifically; Ethereum itself is perfectly safe."

    Source: https://blog.ethereum.org/2016...

  4. action is being taken by Anonymous Coward · · Score: 0 · on Digital Currency Ethereum Is Cratering Amid Claims Of a $50 Million Hack (businessinsider.com)

    Important to note that the exposed vulnerability has nothing to do with the Ethereum code or blockchain, but a smart contract (the DAO) written atop of it. The Ethereum developers responded this morning by proposing a soft fork that would prevent the hacker from withdrawing the Ether for long enough for the community to decide on next steps. Next steps could involve (if miners choose to accept the code) a hard fork that would allow original investors in the DAO to withdraw their Ether.

    https://blog.ethereum.org/2016/06/17/critical-update-re-dao-vulnerability/

  5. Reuters rather uninformed by PCM2 · · Score: 1 · on NY Approves New Digital Currency For Winklevoss Bitcoin Exchange (reuters.com)

    From the Ethereum website:

    Ethereum would never be possible without bitcoin—both the technology and the currency—and we see ourselves not as a competing currency but as complementary within the digital ecosystem. Ether is to be treated as "crypto-fuel", a token whose purpose is to pay for computation, and is not intended to be used as or considered a currency, asset, share or anything else.