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ABOUTGeneral manager and internet entrepreneur Adam Byrne traces his involvement in cutting edge, web-based solutions for individuals and businesses further back - to the mid-90s - at a time when the nascent internet was first achieving global awareness, appeal and adoption.
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BUSINESS BLOGJune 21, 2016
My solution to #TheDao impasse.
Bitcoin Blockchain Cryptocurrency Ethereum
1. Create a new (and properly vetted, this time) smart contract which will release an agreed and appropriate sum to the hacker.For the sake of argument, let’s say $1 million, which (it could be argued) is a just reward for his ingenuity and attention to detail.
2. Create another smart contract (or use the same one?) to release the rest of the funds back to an escrow account (assuming that the total investment was $160 million, then $159 million will be returned). Therefore less than one percent (0.625 percent) has been ‘lost’ to the hacker…
June 21, 2016
My solution to #TheDao impasse.
Bitcoin Blockchain Cryptocurrency Ethereum
1. Create a new (and properly vetted, this time) smart contract which will release an agreed and appropriate sum to the hacker.For the sake of argument, let’s say $1 million, which (it could be argued) is a just reward for his ingenuity and attention to detail.
2. Create another smart contract (or use the same one?) to release the rest of the funds back to an escrow account (assuming that the total investment was $160 million, then $159 million will be returned). Therefore less than one percent (0.625 percent) has been ‘lost’ to the hacker…