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Comment by aakilfernandes | Hacker News Reader

Here's a better explanation of the attack: http://vessenes.com/more-ethereum-attacks-race-to-empty-is-t...

Ethereum is not doomed. But devs do need to be educated of this attack.

It is doomed, who would trust a contract now with real "money"? Unless you have a mathematically rigorous proof that the contract is trustworthy I sure wouldn't.

Hopefully no on ever trusts a contract with 100 mill for a while, but for lower values and simpler contracts... absolutely i would.

Sorry, but this is bullshit. You sound like Ethereum or SlockIt employee. No one in their sane mind would trust their money a company which can't guarantee security of your funds, let alone good coding practice (the DAO code is shit, sorry -- there are no tests, no comments, no spec, no clear upgrade story etc.). Good attempt, and I can feel for Ethereum folks, but something this important should be rock solid, not "experiment" when you're fucking with people's money. This is not a hacker's playground.

"This is not a hacker's playground."

It could have been if they followed bitcoins path and started with 10000btc pizza orders :) Greed take over too soon to realize the flaws.

So you would you sell your house and take an Ethereum contract in return?

Note: I loved Charles Stross's suggestion of code-as-contract in Acccelerando, so I dig the concept.

Someone can write a bot to steal money from every open DAO of any size.

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