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Can you provide an article about the Ethereum launch incident ?

f38zf5vdt 5y ago
https://en.wikipedia.org/wiki/The_DAO_(organization) https://en.wikipedia.org/wiki/The_DAO_(organization)
arcticbull 5y ago
Pretty big deal at the time, there's a lot of write-ups, just google "DAO hack" [1] [edit] tl;dr: it's the reason there's now an Ethereum Classic, and we learned that Code is Law and trustlessness only applies to grandma's savings, not Vitaliks. [1] https://www.coindesk.com/learn/2016/06/25/understanding-the-dao-attack/ https://www.coindesk.com/learn/2016/06/25/understanding-the-...
- brokensegue 5y ago
  The dao hack happened well after Ethereum launch
- ineedasername 5y ago
  we learned that Code is Law... Yep. Legal jargon IRL is about as close as you get IRL to "code", with roughly 1,000 years of legal development underlying common law and modern legal systems to inform a style of language that is practically its own dialect. Quite a bit of it has developed over the centuries in an effort to eliminate potential ambiguities in things like contracts so there would be no question about how the legal instrument should be executed. This is why, to the butt of many jokes & frustrations, legalese is so extremely verbose & dense. Eliminating ambiguities or unintentional side effects or loopholes is extremely difficult. Code appears to be little different in this respect: Implementing code that effectively says "don't manipulate the market in a way that makes us lose $millions" is not a straightforward task.
- _jal 5y ago
  > trustlessness only applies to grandma's savings This is the lesson a lot of people fail to learn from watching. They seem to have to experience it.
- humaniania 5y ago
  Has anyone ever done a thorough investigation of Vitalik's possible connections to state actors?
ur-whale 5y ago
Search for the DAO. Let to an ETH hard fork into -> (ETH Classic - still traded, and ETH)
- misiti3780 5y ago
  thanks.

https://en.wikipedia.org/wiki/The_DAO_(organization) https://en.wikipedia.org/wiki/The_DAO_(organization)

Pretty big deal at the time, there's a lot of write-ups, just google "DAO hack" [1] [edit] tl;dr: it's the reason there's now an Ethereum Classic, and we learned that Code is Law and trustlessness only applies to grandma's savings, not Vitaliks. [1] https://www.coindesk.com/learn/2016/06/25/understanding-the-dao-attack/ https://www.coindesk.com/learn/2016/06/25/understanding-the-...

brokensegue 5y ago
The dao hack happened well after Ethereum launch
ineedasername 5y ago
we learned that Code is Law... Yep. Legal jargon IRL is about as close as you get IRL to "code", with roughly 1,000 years of legal development underlying common law and modern legal systems to inform a style of language that is practically its own dialect. Quite a bit of it has developed over the centuries in an effort to eliminate potential ambiguities in things like contracts so there would be no question about how the legal instrument should be executed. This is why, to the butt of many jokes & frustrations, legalese is so extremely verbose & dense. Eliminating ambiguities or unintentional side effects or loopholes is extremely difficult. Code appears to be little different in this respect: Implementing code that effectively says "don't manipulate the market in a way that makes us lose $millions" is not a straightforward task.
_jal 5y ago
> trustlessness only applies to grandma's savings This is the lesson a lot of people fail to learn from watching. They seem to have to experience it.
humaniania 5y ago
Has anyone ever done a thorough investigation of Vitalik's possible connections to state actors?

ur-whale 5y ago

Search for the DAO. Let to an ETH hard fork into -> (ETH Classic - still traded, and ETH)

misiti3780 5y ago
thanks.