Its apparent that the ethereum “wars” is still ongoing since the DAO hack.
The constant attack with little effort has proven effective numerous times.
0x3898d7580aa5b8ad8a56fcd7f7af690e97112419 – this address, previously used in the spam attack has been creating >1000 new contracts, currently at a rate of about 30/min.
— CoinTimes (@Cointimes_tech) September 18, 2016
it has come to light how fragile and easily attacked the smart-contract platform ethereum is.
Industry experts had predicted that these events would display Ethereum’s vulnerabilities.
Its kind of ironic that the “Come at me Bro” Ethereum patched release gets attacked immediatly with success.
I guess they got what they’ve asked for right?
— Ethereum (@ethereumproject) October 3, 2016
Yes the “Come at me Bro” release has been attacked almost immedialty
“Come at me bro”… 😂😂😂 OK! 😂😂😂 https://t.co/vsMQdjSWFI
— Paul (@paul_btc) October 4, 2016
Overcomplexity its success and now its demise?
Is the overcomplexity of ethereum that its community hailed also its demise?
its proving to be the case, the fix/patches are causing more unintended problems time after time since the ethereum fork due to the DAO hack.
with a $250,000 a month in developers cost to “maintain” a smart-contract platform “database” that is usually not functioning 100%.
users/holders having to constantly “update” “patch” and do certain technical requirements for a simple wallet or watch contract/watch coin.
for a long-term holder it seems like a nightmare and stressful situation to deal with.
ETH-based assets are offline while we deal with the ongoing spam attack on the Ethereum network. Working to have them back soon.
— ShapeShift.io (@ShapeShift_io) October 4, 2016
ETH deposits and withdrawals may be slower than usual until resolved by Ethereum team: https://t.co/1rRsQ0ALh2
— Bitfinex.com (@bitfinex) October 4, 2016
Ethereum “Smart-contract platform” having some difficulties to keep “network” running smoothly.
Tweet us what your thoughts @Cointimes_Tech
Disclaimer: Author owns Bitcoin and ETH/ETC