$ (ETH) user "accidentally" kills Parity Wallet contracts - accidentally the whole thing

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CrunkLord420

CrunkLord420

not a financial adviser
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kiwifarms.net
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Jul 22, 2017
An "eth noob" was messing around with transactions and found a bug in the parity wallet smart contract. From my understanding so far is that this user was able to kill an important dependency smart contract (I think this is what they mean by "library"), locking all funds in the parity multisig wallets.

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https://paritytech.io/blog/security-alert.html (https://archive.fo/ANZPC)
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https://github.com/paritytech/parity/issues/6995 (https://archive.fo/ZzYSo)
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https://twitter.com/petertoddbtc/status/927873786623549440 (https://archive.fo/5SMM2)
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https://twitter.com/whalepool/status/927908821883813889 (https://archive.fo/rls9C)
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In the interests of removing governmental fuckups from currency, the opportunity for plebeian fuckups have been introduced.

The people who wrote the software didn't account for every way that people can get shit wrong, basically.
 
Kiwi Jeff said:
So what does this mean in layman's terms?
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If you don't have anything in parity smart contract, your ETH are fine. The issue is that things like this undermine the perceived security of smart contracts which can affect price.

Additionally because Ethereum is a corporate-driven blockchain that isn't immutable there is the distinct possibility that this may result in another hardfork. The original Ethereum blockchain is actually Ethereum Classic, which was affected by the DAO hack. The current Ethereum blockchain is a hardfork in order to retrieve those stolen funds, which undermines the entire concept of an immutable, decentralized, proof of work blockchain.

Eg. https://www.reddit.com/r/ethereum/comments/7bd8hj/i_refuse_another_hard_fork/ (https://archive.fo/C3Wpp)
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Someone is claiming to be devops199 on twitter (no verification): https://twitter.com/devops199 (http://archive.is/nofLU)
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Someone saying the total ETH in the contract was 500k ETH ($145,411,998.43 USD)
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Whalepool saying 600k ETH https://twitter.com/whalepool/status/927925755312525312 (http://archive.is/xM6pK)
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(Chris Ellis works for Bitfinex) https://twitter.com/MrChrisEllis/status/927925377577750528 (http://archive.is/HtMAl)
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Calls for a hardfork: https://www.reddit.com/r/ethereum/comments/7bdkt9/i_support_unfreezing_the_parity_multisig_funds_as/ (https://archive.fo/37BLf)
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Twitter account isn't the same devops199
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"Should he be arrested"

For what? Messing up some ones and zeroes that have no value? Or are a whole bunch of people dodging the taxes they need to pay on the value of their ones and zeros?
 
https://www.reddit.com/r/ethereum/comments/7bgbep/it_is_not_the_ethereum_foundations_responsibility/ (https://archive.fo/X0wwd)
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MarineTrainedTard said:
"Should he be arrested"

For what? Messing up some ones and zeroes that have no value? Or are a whole bunch of people dodging the taxes they need to pay on the value of their ones and zeros?
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You can easily argue intentionally trying to kill contracts you know you don't own, even if "just for testing" is electronic trespassing or whatever hacking law you want to cite. "Accident" is a stretch. This is more along the lines of "just checking" if peoples front doors are locked.
 
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CrunkLord420 said:
https://www.reddit.com/r/ethereum/comments/7bgbep/it_is_not_the_ethereum_foundations_responsibility/ (https://archive.fo/X0wwd)
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You can easily argue intentionally trying to kill contracts you know you don't own, even if "just for testing" is electronic trespassing or whatever hacking law you want to cite. "Accident" is a stretch. This is more along the lines of "just checking" if peoples front doors are locked.
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So the ETH equivalent of "it's not my job to educate you fuck you our primary selling feature as an altcoin is utterly bogus crap and we don't care lol fuck you."

If this is their attitude toward why they even pitched the coin as a viable alternative to BTC turning out to be utter crap, it's hard to believe they take the underlying coin itself seriously.

I'd suggest stay the fuck away from this shitshow. Even Dogecoin is more reputable at this point.
 
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Cryin RN said:
For confused people, David Gerard has a pretty good write-up on what happened and why it affects the credibility of all smart-contract coins. That fat nerd book shill can trigger bit/alt/whatevercoiners like nobody's business.
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I generally have a fairly low opinion of David Gerard's opinions on cryptocurrency, but he mostly got this one right.

And by mostly I mean his deranged hostility toward irreversibility which is the whole point of crypto.
 
Sailor_Jupiter said:
Could someone please explain what this was, and what happened, in common English? :(
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Someone "accidentally" ass raped the users of this goofy new crypto feature and it "accidentally" locked up $300 million worth of this shitty cryptocurrency used in this way with something called "smart contracts" that are actually dumb as dogshit. The spastics who develop this particular cryptocurrency are at a total loss what to do now and unwilling to fix it, even though it was their own previous "fix" of a previous bug that made this particular exploit possible.

This is not remotely an "accident" though. It's a really clever ass rape is what it is, probably by someone who in all likelihood has vocally criticized this currency in the past.
 
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AnOminous said:
Someone "accidentally" ass raped the users of this goofy new crypto feature and it "accidentally" locked up $300 million worth of this shitty cryptocurrency used in this way with something called "smart contracts" that are actually dumb as dogshit. The spastics who develop this particular cryptocurrency are at a total loss what to do now and unwilling to fix it, even though it was their own previous "fix" of a previous bug that made this particular exploit possible.

This is not remotely an "accident" though. It's a really clever ass rape is what it is, probably by someone who in all likelihood has vocally criticized this currency in the past.
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Thank you!
 
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AnOminous said:
So the ETH equivalent of "it's not my job to educate you fuck you our primary selling feature as an altcoin is utterly bogus crap and we don't care lol fuck you."

If this is their attitude toward why they even pitched the coin as a viable alternative to BTC turning out to be utter crap, it's hard to believe they take the underlying coin itself seriously.

I'd suggest stay the fuck away from this shitshow. Even Dogecoin is more reputable at this point.
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I thought the whole point of Dogecoin was that it wasn't supposed to be taken seriously.
 
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