Sub-Ether
Well-known member
http://slacknation.github.io/medium/11/11.html
50 million dollars of DAO was stolen but can not be accessed due to the delayed 'smart' contract nature of the Ethereum code, if this was dumped on the market quickly the price of Ethereum would plummet when it is exchanged for the DAO.
They are past the first hardfork deadline of the 15th July and the second one that can not be missed is on 20th July, its never been done before like this and they are still testing it and need the miners to update ASAP in order to support the direction of the none backwards compatable hard fork.
If you want market volatility and fancy playing the markets long and short, then this clock might help, trading will continue on exchanges.
Strangely it was decided by the big exchanges to wait for the correct chain and stop withdrawals and deposits temporarily but now they have changed and are going to allow 2 chains to coexist and allow people to withdraw on the 'wrong' chain, sounds a bit dangerous eh?
https://www.reddit.com/r/ethereum/comments/4t2jfq/security_the_oldtonewchain_replay_attack_and_the/
Its debatable whether the Eth team should rewrite/erase blockchain history and 'steal' back the buggy contracts that can be spent after the 20th July but the community vote appears to be final.
http://carbonvote.com/
In more detail, the splitting of the contracts has already begun ..
https://np.reddit.com/r/ethereum/co...karapetsas_the_earliest_eth_can_leave/d4rwnec
''If we wait after the 15th of July, that's when the first split DAO (https://live.ether.camp/account/d4fe7bc31cedb7bfb8a345f31e668033056b2728) will be able to get some money out via a legit split. Once that happens any HF will need to start adding exceptions for all legit splits that take money out. That is why the tweet mentions the 15th of July.
The first "dark" ETH (https://live.ether.camp/account/304a554a310c7e546dfe434669c62820b7d83490) can go out at the earliest on the 30th of August if there is no counter performed. That is due to the Dark DAO closing period: 14-Jul-2016 05:34:48 +02:00 + 7 days for a split + 27 days for the creation phase of yet another DAO + 14 days for a proposal to get all the funds out of the new DAO.
So in short there are choices even in the deadlines for a HF. But any HF after the 15th of July would end up being more complicated than an HF before the 15th.''
50 million dollars of DAO was stolen but can not be accessed due to the delayed 'smart' contract nature of the Ethereum code, if this was dumped on the market quickly the price of Ethereum would plummet when it is exchanged for the DAO.
They are past the first hardfork deadline of the 15th July and the second one that can not be missed is on 20th July, its never been done before like this and they are still testing it and need the miners to update ASAP in order to support the direction of the none backwards compatable hard fork.
If you want market volatility and fancy playing the markets long and short, then this clock might help, trading will continue on exchanges.
Strangely it was decided by the big exchanges to wait for the correct chain and stop withdrawals and deposits temporarily but now they have changed and are going to allow 2 chains to coexist and allow people to withdraw on the 'wrong' chain, sounds a bit dangerous eh?
https://www.reddit.com/r/ethereum/comments/4t2jfq/security_the_oldtonewchain_replay_attack_and_the/
Its debatable whether the Eth team should rewrite/erase blockchain history and 'steal' back the buggy contracts that can be spent after the 20th July but the community vote appears to be final.
http://carbonvote.com/
In more detail, the splitting of the contracts has already begun ..
https://np.reddit.com/r/ethereum/co...karapetsas_the_earliest_eth_can_leave/d4rwnec
''If we wait after the 15th of July, that's when the first split DAO (https://live.ether.camp/account/d4fe7bc31cedb7bfb8a345f31e668033056b2728) will be able to get some money out via a legit split. Once that happens any HF will need to start adding exceptions for all legit splits that take money out. That is why the tweet mentions the 15th of July.
The first "dark" ETH (https://live.ether.camp/account/304a554a310c7e546dfe434669c62820b7d83490) can go out at the earliest on the 30th of August if there is no counter performed. That is due to the Dark DAO closing period: 14-Jul-2016 05:34:48 +02:00 + 7 days for a split + 27 days for the creation phase of yet another DAO + 14 days for a proposal to get all the funds out of the new DAO.
So in short there are choices even in the deadlines for a HF. But any HF after the 15th of July would end up being more complicated than an HF before the 15th.''
Last edited: