Ethereum’s DAO Forking Crisis: The Bitcoin Perspective

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Author: 

Aaron van Wirdum

Ethereum is in a state of crisis. “The DAO” (Decentralized Autonomous Organization), a code-based and leaderless investment vehicle that crowd-funded a record-breaking 150 million USD worth of ether, was unexpectedly drowned by an unknown hacker two weeks ago. About a third of all invested ether – some 4 percent of the total ether supply – is now sitting in a so-called “Child DAO”, waiting until it can be withdrawn in another two weeks from now.This presents the Ethereum community with a tough choice and three* main options. First, the community can decide to “do nothing” and allow the hacker to withdraw his funds. Second, the community can deploy a soft fork to freeze any funds associated with The DAO, ensuring the attacker cannot withdraw any of it*.

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Source: https://bitcoinmagazine.com/articles/ethereum-s-dao-forking-crisis-the-bitcoin-perspective-1467404395