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Re: <nettime> Ethereum: DAO - "The Attacker"
Jaromil on Sun, 24 Jul 2016 13:32:11 +0200 (CEST)


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Re: <nettime> Ethereum: DAO - "The Attacker"


A quick update: notwithstanding the legitimate skepticism of graybeard
philosopher types around here :^) about the blockchain unicorns being
the ultimate decentralised neutral herd of mystical creatures, there
is an interesting evolution on the Ethereum DAO meltdown, at least
notable from socio/political and geo/political perspectives.

I'll be very brief, as momentum requires, chronological recap:

- The Ethereum "community" voted what they call an "hard fork" which
  is basically a bail-out of the junkie banksters who invested on ETH
  rolling back the last history of DAO meltdown to give the financial
  stooges their money back, after having lost it on stuff they cannot
  understand (ask yourself, has anyone of them read the DAO code
  before putting money on it?? It's the language, stupid!)

- Huge discussion for past 2 weeks whether Ethereum should bail-out
  the banks (see the R3 bank ethereum clusterfuck) while Bit Novosti
  the biggest Russian media-outlet on crypto-assets has released "A
  Crypto-Decentralist Manifesto" in support of Ethereum Classic
  https://medium.com/ {AT} bit_novosti/a-crypto-decentralist-manifesto-6ba1fa0b9ede

- All sorts of G/Sachs and Thiel funded divas went announcing how
  "clean" was the fork, as in a painful chirurgical operation that
  went good, basically betraying their initial marketing point that
  Ethereum is decentralised (ideals? what are ideals?). With this
  operation they proved for the first time in blockchain buzz history
  that with a massive media campaign and having bought some leaders is
  possible to have your butt put on your face by crypto-surgery and
  still keep smiling.

[links missing, this media campaign has enough visibility already]

- The REAL community of people behind Ethereum is now rejecting the
  bail-out, probably marking in history the first time in which there
  can be a bail-out rejection by grass-roots movements??
  Ethereum Classic is announced https://ethereumclassic.github.io

- All major ether exchanges around the world (Poloniex, Bitfinex, and
  Kraken) have announced they will support Ethereum Classic, starting
  with assigning a wallet containing ETC for ETH, 1 to 1
  Real decentralisation investors have a clear message on what is the
  reliable asset and what not. If you put your money on the buggy code
  you fail, and That's Life! (and the crypto market, likely)

- At last the banksters/spooks conglomerate sends a weak signal to the
  world by announcing that since yesterday Coinbase includes Ethereum
  (Coinbase is the FEDs friendly exchange which most likely handed
  over KAT torrents private account details to FBI for investigation)

To read more follow Aaron who seems really to get the grip of what
means journalism in the crypto-assets sphere, his new article on all
this is here:
https://bitcoinmagazine.com/articles/rejecting-today-s-hard-fork-the-ethereum-classic-project-continues-on-the-original-chain-here-s-why-1469038808

At last an appeal to nettimers and their design students: beware that
if someone finds a way to put a Pokemon on this thing then BANG we
have the next Singularity right there y0!

ciao :^)


-- 
~.,_   Denis Roio aka Jaromil    http://Dyne.org think &do tank
    "+.   CTO and co-founder      free/open source developers
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( {AT}  {AT}  {AT} )  opmsg:73a8e097a038d82b 8afb4c05804bda0d 281b3880fbc19b88

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