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You are spreading misinformation: It's true some employees at the ethereum foundation had personal money invested in the DAO. Vitalik himself had a small amoun

by drcode 10y ago

You are spreading misinformation: It's true some employees at the ethereum foundation had personal money invested in the DAO. Vitalik himself had a small amount invested as well. However, the Ethereum Foundation was not involved with the DAO. > If it had been anybody else, they would have lost the money This is idle speculation, and I personally don't think that's true. > Apparently the DAO is dead, but they seem to have kept the money. I don't know who you mean by "They" but neither the creators of the DAO, nor the Ethereum foundation has kept any money that was lost in this unfortunate incident. If you're going to accuse people of things please provide citations with evidence.

Animats 10y ago
It looks like there's about $10 million unclaimed in DAO tokens.[1] Soon it will no longer be possible to redeem them, because the infrastructure is disappearing. Getting them back is really complicated. [1] https://medium.com/curator-multisig-phf-official-channel/dao-token-holders-come-claim-your-money-b428f186572a#.vepjho804 https://medium.com/curator-multisig-phf-official-channel/dao...
- drcode 10y ago
  I definitely agree that's unfortunate, but no specific entity is holding those funds, they are locked into the contract.
  - Klinky 10y ago
    Post "contracts don't matter" fork, suddenly contracts matter again. Interesting how that works.
    - drcode 10y ago
      Well, we can't reimburse those funds since we don't know who the anonymous investors are, and if the ethereum foundation (or whatever) had put the coins into a custodian account then people like yourselves would have complained about that, too.
nunyabuizness 10y ago
> It's true some employees at the ethereum foundation had personal money invested in the DAO. Vitalik himself had a small amount invested as well. However, the Ethereum Foundation was not involved with the DAO. The Foundation itself may not have been invested, but many of the members and core contributors were (Gavin Wood, core contributor of the Rust implementation, was rumored to have over $100k in DAO tokens). > neither the creators of the DAO, nor the Ethereum foundation has kept any money that was lost in this unfortunate incident. The hard fork, by definition, allowed everyone to keep what would have been lost. And it wasn't an "unfortunate incident", it was a publicly stated inevitability, advertised not only by the platform (with the words "unstoppable code" on the home page) but by the authors of the DAO themselves ("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;"). I didn't agree with the fork, and I choose to follow the majority of miners anyway because I still believe in Ethereum, but quit trying to rewrite history.
- drcode 10y ago
  I think you've written an accurate description of what happened, doesn't really conflict with my comment.

by drcode 10y ago

Animats 10y ago

It looks like there's about $10 million unclaimed in DAO tokens.[1] Soon it will no longer be possible to redeem them, because the infrastructure is disappearing. Getting them back is really complicated. [1] https://medium.com/curator-multisig-phf-official-channel/dao-token-holders-come-claim-your-money-b428f186572a#.vepjho804 https://medium.com/curator-multisig-phf-official-channel/dao...

drcode 10y ago
I definitely agree that's unfortunate, but no specific entity is holding those funds, they are locked into the contract.
- Klinky 10y ago
  Post "contracts don't matter" fork, suddenly contracts matter again. Interesting how that works.
  - drcode 10y ago
    Well, we can't reimburse those funds since we don't know who the anonymous investors are, and if the ethereum foundation (or whatever) had put the coins into a custodian account then people like yourselves would have complained about that, too.

nunyabuizness 10y ago

> It's true some employees at the ethereum foundation had personal money invested in the DAO. Vitalik himself had a small amount invested as well. However, the Ethereum Foundation was not involved with the DAO. The Foundation itself may not have been invested, but many of the members and core contributors were (Gavin Wood, core contributor of the Rust implementation, was rumored to have over $100k in DAO tokens). > neither the creators of the DAO, nor the Ethereum foundation has kept any money that was lost in this unfortunate incident. The hard fork, by definition, allowed everyone to keep what would have been lost. And it wasn't an "unfortunate incident", it was a publicly stated inevitability, advertised not only by the platform (with the words "unstoppable code" on the home page) but by the authors of the DAO themselves ("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;"). I didn't agree with the fork, and I choose to follow the majority of miners anyway because I still believe in Ethereum, but quit trying to rewrite history.

drcode 10y ago
I think you've written an accurate description of what happened, doesn't really conflict with my comment.