Crypto Post #13: Ethereum Hard Fork Has Been Successfully Activated Today

I would like to first take a moment to congratulate those of you who have supported the Hard Fork. If it was not for all of you guys, this momentum would not have been possible! Oh, who am I kidding? All of this The DAO hack non-sense and stuff might have been planned from the beginning at the first place. At least that is what some of the Ethereans secretly think.

Anyways, enough of these hints, and now let me focus more on a short discussion of this hard fork. As you are aware, the hard fork happened today in less than an hour as of writing. It was “successfully activated” once block #1900000 was reached. The main thing that changed in the Ethereum blockchain is that the WhiteHatDAO Balance and TheDarkDAO Balance has been liquidated to zero. Now, the TheDAO Balance has increased to a current value of 50.02 Ether. With an option to switch back holders’ tokens into Ether, there is no doubt that many would do just that in the following days. There is yet a slight chance that some are still skeptic that TheDAO ecosystem fully went down the drain, and these individuals would consider holding on to those tokens a bit more. What would have been awesome is if this Decentralized Autonomous Organization continued functioning through the newly created node, and allowing the user-base to continue setting up new and unique proposals.

I find it a bit mysterious that the second TheDAO proposal ever created, and currently the oldest proposal on the list of all proposals is the – { Do you believe in god? } TheDAO Proposal_ID 2. Unfortunately, the proposal failed with the following statistics: 295 Voters: 110 Yes, 185 No. Yet, there is a suspicion that the anti-religious majority of the token holders became one of the factors that this great Organization is facing such a downfall. What if those voters who have voted “No” to the question would be the once to refund their tokens and turn them back into Ether? And, what if those voters who have voted “Yes” are the ones who still have some faith that the TheDAO’s contract code would be in itself fixed, that these holders would wish to have their tokens remained in the TheDAO ecosystem, and in return would be granted great happy financial surprises after TheDAO would turn into one of the greatest money-making machines in history? Those who did not vote on this proposal might fall into one of the two categories based on their actual faith.

In no way this hypothesis should be taken into complete seriousness. This is just a random taught which might or might not be fulfilled. There are so many factors that could be considered to explain the actual reasons behind the recent downfall of TheDAO. But we should all remain active in the Ethereum community and see what the new and improved TheDAO 2.0 would bring us.

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