“If you try to change it, you will ruin it. Try to hold it, and you will lose it.” — So was written in the Tao Te Ching thousands of years ago in China and so some say online today of The Dao — the first Decentralized Autonomous Organization on the Ethereum blockchain. Is the smart contract code so irrefutable that to change it is to ruin it? And is trying to hold onto siphoned ether to lose ethereum itself? We’re about to find out as $53 million worth of cryptocurrrency was recently hacked, drained, siphoned, gained — however you wish to interpret the so-called smart contract code — the DAO. Double Down talks to cryptocurrency investor, Karl Gray about this DAO-saster.
DAO-saster in the Cryptocurrency Space!
10:08 GMT 28.06.2016 (Updated: 11:51 GMT 28.06.2016)
DAO-saster in the Cryptocurrency Space!
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On today’s episode of Double Down, hosts Max Keiser and Stacy Herbert are joined by cryptocurrency investor, Karl Gray, to talk about the ramifications of the solutions to the latest crypto-heist from the DAO as tens of millions were allegedly stolen from a smart contract which was not really all that smart after all.
