Ex-Ethereum CEO: Foundation Should Not Intervene to Save The DAO
"I think they're trying to patch up the side of the Titanic." So says Charles Hoskinson, the former CEO of the ethereum project when asked about the ongoing crisis surrounding The DAO, the ethereum-based funding vehicle that collapsed last week after a debilitating code exploit. Though he's since moved on to a new project in the industry, Hoskinson was among a limited number of fiduciaries for ethereum before departing in mid-2014 over a disagreement about how the project should be structured. At issue, according to Hoskinson, was his desire for ethereum to form a VC-backed....
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The Ethereum Foundation has been around for a while and is in charge of funds that get distributed to projects on the Ethereum network. In its treasury, there is a large amount of ETH among other crypto investments that help to fund projects. Recently, the Ethereum Foundation released a report that showed what digital assets […]
Several hours ago The DAO's smart contract received another wave of attacks. The ether balance started to decline at a fast pace, it has now been revealed that members of the curator team and the Ethereum foundation are behind a white hat attack to rescue the remaining funds. The DAO received another attack, this time, a blue team comprised of curators and Ethereum foundation members launched their own initiative to save the remaining funds. The ether is being sent to this address, and the revelation came after community members realized that a large-scale attack was unfolding once more.....