VictoryDecision makersEthereum StakeholdersHard fork Ethereum to revert the hack of The DAODominic Williams1,069A large proportion of the Ethereum community invested ETH into "The DAO".Investments were so numerous in fact that 14% of all ETH were deposited, far more than had been expected or planned for.On June 18th an attacker began exploiting a vulnerability in the code of The DAO to siphon off invested funds using a bug that went unnoticed because smart contract coding is such a new discipline, which was even missed by a professional security audit performed prior to launch.Luckily the design of The DAO has resulted in these funds being temporarily stuck in child replicas.Nonetheless, without action the attacker will eventually secure a very large amount of ETH.This is of concern to the wider Ethereum community, not just those who have investments directly at stake (disclaimer: I did not personally invest).A hard fork provides a means to freeze The DAO and its children and return invested funds to those who hold tokens - without rolling back any unrelated transactions.

The argument against a hard fork is that it undermines the essence of what a smart contract is meant to be: cold hard logic that can be guaranteed to execute without the interference of human hand.For such reasons, execution of a hard fork to recover the funds is a bitter pill.However, there are the following compelling arguments for doing it: Ethereum is less than a year old.Extraordinary actions taken now to protect the fledgling network from an extraordinary event do not set an eternal precedent.Bitcoin itself hard forked (in August 2010 when it was significantly older than Ethereum) to address a protocol bug that allowed infinite bitcoins to be created.The hack of The DAO was not an Ethereum bug but such risky mass actions and code vulnerabilities will be far rarer in the future and this problem was equally related to the network being at a nascent stage of development.A hard fork is really a protocol change.The protocol is nothing less than an expression of the ultimate consensus of the decentralized community.

If the community wishes to adopt a protocol change in extremis to address a clear and present danger to its network, then this is arguably justified.bitcoin difficulty last changeIf you sign this petition, that means you are convinced by the foregoing arguments and wish to see this hack reverted - as much as it can be - by the hard fork process described below.mh/s in bitcoinFurthermore, you wish to see this fork implemented at the earliest possible date to address the great uncertainty currently felt by many in the community.bitcoin bezahlen paypalVitalik Buterin has already expressed his support for a hard fork here.krugman bitcoinGavin Wood has described a process where a soft fork first freezes The DAO and its children and then a hard fork is created that gathers the ETH to be refunded.litecoin mining package download

We suggest that if the community can be coordinated in time the soft fork occurs on the 23rd of June and the hard fork on the 27th of June.litecoin legalGavin has a document describing the process here.bitcoin wallet comparisonThere is currently widespread support for a hard fork among Ethereum figures.bitcoin bronx nyThis message will be periodically updated with additional information.bitcoin cooFinally, whatever happens, go Ethereum!This petition was delivered to:Ethereum StakeholdersRead the letterHard fork Ethereum to revert the hack of The DAOOKDominic Williams started this petition with a single signature, and won with 1,069 supporters.’ staff to determine if they violate our Terms of Service or Community Guidelines.Thank you for taking the time to report content.

Our team will review your claim and contact you if we need more information.Hackers have taken control of virtual cash worth $60m (£41m) by exploiting a bug in a system designed to help start-ups.The attack targeted an investment fund called the DAO which is based on technology derived from the Bitcoin crypto-currency.DAO members are now debating how to recover the diverted funds.One suggestion involves rolling back the entire computerised system to a time when the hack had not happened.The DAO, or Decentralised Autonomous Organisation, acts as an investment fund that people buy into by swapping real cash for a virtual currency known as Ether.Using Ether, people could buy DAO tokens that they could "spend" to back start-ups and investment opportunities looking for help via the fund.Earlier this year, investors put about $150m of Ether into the DAO.Ether was developed by a company called Ethereum which has been at the forefront of work to use the technology and ideas behind bitcoin in other ways.

The DAO was an attempt to use it to create a crowd-sourced autonomous fund owned by its participants that was free of the third-parties involved in more traditional venture capital investment vehicles.But one DAO participant noticed a flaw in the way that tokens were transferred between members - this allowed them to siphon off about 3 million of the tokens into a separate DAO of their own."An attack has been found and exploited in the DAO, and the attacker is currently in the process of draining the Ether contained in the DAO into a child DAO," wrote Ethereum founder Vitalik Buterin in a blogpost about the incident.Mr Buterin has proposed that the system be changed to make all the addresses holding Ether in the separate or "child" DAO invalid.A 27-day limit on when Ether can be moved out of a child DAO gives members a chance to fix the problem before the virtual cash is moved, he wrote.Alternatively, he said, the creators of the DAO could simply return the whole system to a time when the hack had not yet happened.