A hack/theft attack today has apparently drained the DAO of more than $59 million ethers — Ethereum’s token currency. (DAO stands for the Decentralized Autonomous Organization, which creates DAO and ether tokens on the Ethereum blockchain.)
Does this spell long-term trouble for Ethereum as a crypocurrency platform? Stephan Tual founder of Ethereum startup Slock.it, which created the code on which The DAO is built, said just a few days ago: “You don’t want a bad story about Ethereum. If [The DAO] were to crash, people would compare it to Mt Gox.”
Is this that “bad story”?
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