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9 years ago

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its seems you did not lose a lot as a result of this. I can completely deal with and accept a typical market crash. Everything was cruising along fine... But this is the result of a hack and vulnerability in the was DAO was designed in which most of the DAO holders had no idea such a vulnerability exist, and the curators did nothing to address this issue before this happened. The future repercussions and devastation left behind because of this hack is bigger than you can imagine.

dmaa

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9 years ago

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Selling ETH in favor of BTC is a big mistake. BTC is overbought and its flaws are not solved yet; People tend to amplify the halving effect and to ignore the rest.. that's what we call a bubble : irrational behaviors.
At this moment, I see a huge opportunity to buy in ETH, and especially at prices around 11.75 EUR or 13 USD.
The attack on DAO is a fundamental attack on DAO, although only a psychological attack on ETH. As ETH went too high too quickly (when at 20 USD), the DAO attack was just the trigger for short term correction on ETH, and has nothing to do with Medium Term / Long Term of ETH. This short term sell-off on ETH would have happened even whitout the DAO attack. People have to understand that and keep calm :-)

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9 years ago

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Dudes, you are talking about losing trust into eth, remember eth was at 6 euro not long ago, and goes to nearly 19 eur in no time, now "falling" down to 11.30 or 10 is hard but not that hard, dont be silly, wait until this DAO mess is cleaned up.

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9 years ago

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@dmaa i totally agreed with you and yes nothing we can do about it but just to keep moving on. By doing that either we stop this investing or we move forward with experience gain from this crashes.
@iceman13-01 yes you are right, we have to look in the positive way. i believe some already earn from the rise from $10 to $20 and this makes them greedy and dump all the money back to reinvest. After DAO failure they now blame ETH price drop just because of ETH and DAO related? Come on guys be matured in here..

ZeroCool86

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9 years ago

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I think people should keep faith in the Ethereum devs (it's the same system that went up toe $21 2 days ago).

Yes it sucks this happened, yes you should prob keep most of you crypto gambles in BTC but... so far, i liked the response from the Ethereum community and keep in mind, you can buy PR, you can buy ads and attention but you can't buy a good community.

I think The DAO has failed, I think that is a good outcome for the DAO investors if they get their money back. It was too big and it would have taken too long to actually produce any return, 1 in 10 startups fail (prob 1 in 20 in the crypto space). I'm willing to put in $550 - $700 in a DAO v2 that is capped at a limit and will only fund 1-6 companies. I still think DAOs could work, we just hit a major bump in the road and besides the theft, there were a lot of lessons learned. We had experts look at it and comment, we had lawyers look at it and advise. Version 2 (if it come and I hope it does) will not only fix the bug but also have a lot of new features and maybe a lot of architecture/design changes.

Also, keep in mind that technically, what The DAO community managed to do in a month should be included as one of the 7 wonders of the world.(get listed on most exchanges as an asset on the blockchain, but an entire ecosystem with multiple websites and services, keep a huge community informed etc) It also paved the way for future blockhain based projects and it set some sort of framework in place.

It's been a great lesson for all of us involved and it showed me the power of a community, not just in building a project but also in taking it apart.

cryptocurrency64

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9 years ago

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Losing Faith is what really killing Ethereum. So don't lose it ...