[cplease]

Oh, nobody saw that coming. Completely unforeseeable.

What other mature, ready-for-primetime autonomous altcoin networks can I dump my savings into for no apparent reason?

Edit: "DAO token holders and ethereum users should sit tight and remain calm. Exchanges should feel safe in resuming trading ETH."

No they shouldn't. They should running screaming for the exit doors. Less than two months after the launch of this mysterious "DAO" with an entirely bogus value proposition, 1/3 of the money put in, worth presently some $39 million USD in real money, has been confirmed stolen.

[developer2]

WTF. There is the equivalent of millions of dollars in this blockchain? How?! Who willingly puts real cash up front for this kind of thing? Just... what?!

[cplease]

Yeah, I know, right? I don't trust actual, qualified fund analysts to pick real investments for me, I stick largely to index funds. Yet a bunch of cryptoweenies have decided to pool their money in cryptoweenie form in some kind of insane, fragile investment club, so a bunch of cryptoweenies stupid enough to think this is a good idea can collectively vote on what to do with each others money by simple majority vote, without restriction? No. Just no.

Right now the proponent of this fraudulent scheme, slock.it, is actually urging people to spam the blockchain to slow down the rate of theft. Yet the true believers are claiming this is a "learning experience" that will make it all better in the long run. It's beyond satire.

[woah]

Public blockchains have been around since 2008 (Bitcoin). If you don't like it, I'm not going to try to change your mind. But this kind of shocked response from people who have seemingly been living under a rock is really almost a kind of spam in these threads.

[mrep]

Two words: Ignorance and greed.