Does the DAO hack/theft attack mean long-term trouble for Ethereum?

« Previous Page
0
1

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”?

Marked as spam
Posted by (Questions: 10, Answers: 4)
Asked on June 17, 2016 8:35 am
513 views
Add comment
1
Private answer
The recent issues with The Dao are potentially life-threatening for the Ether cyber currency. A currency, whether digital or not, requires a bedrock foundation of trust. That has now been devastated.
Marked as spam
Posted by Steven Ramirez
Answered on June 19, 2016 12:06 am
customer service http://1-800-number.net
(spok at July 19, 2016 7:02 am)
Add comment
0
Private answer

Interesting. Thank you. Is there a way to restore that trust? Do you feel differently today with the time since the hack?

Marked as spam
Posted by (Questions: 10, Answers: 4)
Answered on June 21, 2016 1:23 pm
Add comment
« Previous Page