Dear comrades,
I realize that this is a tough test for Ethereum, and many of my friends are concerned. An important thing to remember is that before anything can be crowned as the best, a certain level of resiliency must be displayed. The world needs to see this, so that in the future they can remember what Ethereum's developers did in the face of pain.
In the face of pain, people reveal themselves. Pressure builds up, decisions get made without a second or third thought; it is during this beautiful time that one can see exactly what a person is made of. You could call it a blessing in disguise, provided this is handled in a timely, appropriate fashion.
On the top world level of any competition, the public holds a high respect for someone that must suffer through great turmoil to achieve victory. Think about a boxer who's been knocked down several times, but still decides to get up and continue and goes on to victory. One that suffers considerably during this course, but keeps it together and maintains enough composure to achieve the win.
Right now, that hurt boxer is ethereum. You could even figure that BTC is the champ who knocked us down; hitherto extremely cocky, as his fallen opponent is rising back up, showing an undeterred will on the ascent. Bitcoin begins to worry after seeing Ethereum pass the litmus test and continue coming forward. You'd be smart to be worried - a smarter fighter displaying the ability to absorb the best pain in the game and keep coming forward is, indeed, a force to be reckoned with.
So, rest assured that if the developers handle this properly, it's nothing more than a blessing in disguise. The public will respect and trust us much more if this is handled timely and appropriately; we already have the timely part of the equation because our team is working hard at it. Think positive.
Sincerely,
Norman
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If I was a professional miner, I would send a clear message to the pools to hard fork , not to bailout, but to send a clear message that the community is self policing. I might also bring up the topic of mining PoW being arguably more secure than PoS since staked ethers might be tempting targets to hackers whereas mining rigs cannot be robbed and are insurable.
The Dao worked as it should.
Has there been any speculation on who the winner was? Do you think it was a inside job?
I tried my best to get people to open their eyes but no one listened.
I also had posts taken down. I have copies though.
I couldn't have timed my exit from my eth position any better.
But I feel bad cos i'm ahead in all of this.
I spoke to a man this morning that mortgaged his house to buy eth and dao. He has a child on the way too...
Number one lesson. only invest what you can afford to lose.
It was a big mistake calling the new toy, "the Dao".
Why not call it "the Bible" or "the Torah" or "the Koran" it would have offended less people.
The Tao Te Ching, Daodejing, or Dao De Jing or the Dao (道德经) it is a very old (the late 4th century BC) Chinese fundamental text for both philosophical and religious Taoism, and strongly influenced other schools, such as Legalism, Confucianism, and Chinese Buddhism.
When first introduced into China it was largely interpreted through the use of Daoist words and concepts. Many Chinese artists, including poets, painters, calligraphers, and even gardeners, have used the Daodejing as a source of inspiration. Its influence has spread widely outside East Asia, and is among the most translated works in world literature and It is HIGHLY respected to this day amongst the Chinese peoples.
Some say, ethereum is now cursed.
So let me quote the first verce of the Dao.
The Dao that can be spoken is not the eternal Dao
The name that can be named is not the eternal name
The nameless is the origin of Heaven and Earth
The named is the mother of myriad things
Thus, constantly free of desire
One observes its wonders
Constantly filled with desire
One observes its manifestations
These two emerge together but differ in name
The unity is said to be the mystery
Mystery of mysteries, the door to all wonders
But that is the price of learning... Easy to say when you are old.
"Stick em up punk, it's the fun loving criminals"
In light of this event, even #slock.it & #ethcore are 'admitting' the flaws & are willing to move on, to re-build for something better.
The solutions provided are direct & simple. Let it be. Just set aside ideologies and political comparisons, at least at this time of crisis.
@Norman Indeed, this is a blessing in disguise. Keep your faith strong!
That's just my thought on it all. In the end I'm not worried at all about Ethereum's future. Still excited to see how it develops!
It's not a blessing, it's a code review oversight of catastrophic proportions.
I haven't seen a show like this for ages. I enjoyed the double down dao best.
@Lagniappe, VB is just the poster-boy,... the governance of this new world reserve currency comes from the Central Bank and not from some dev team. Open your eyes... you've been had! Wolf in Sheeps clothing!