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coffeesp00ns · 3237 days ago · link · · parent · post: TheDAO is being attacked, Ether Worth $53 Million Routed, Value Drops By 30%
Ok, so total cryptocurrency newbie here.
I hold some ETH. as far as I'm reading, this is what I'm getting:
- this has to do with a vulnerability in how ETH transactions are written, in that they are able to include recursive code
- My ETH wallet is unaffected because afaik I'm not connected to the DAO in any way.
- As a result of this vulnerability I can expect to see a drop in the value of ETH
is this stuff right? Am I missing anything? I understand that the forking proposed is setting bad precedent for decentralization as well.
I'm not planning on spending ETH any time soon, but if I did, is there a program I could use to read the transaction code to see if there is a recursive loop or other vulnerability?