Recommended Article: One Month After Ethereum Fork, Millions in DAO Funds Unclaimed

in cryptocurrency •  8 years ago 

Executive Summary of the Recommended article.

One Month After Ethereum Fork, Millions in DAO Funds Unclaimed

Executive Summary:
It's now been one month since a hard fork of the ethereum blockchain resulted in 11.6m ether being moved to an account with one function: withdraw. Who owns this unclaimed ether? And why do they seem perfectly content leaving it untouched?

The new contract comprising the total meant to be returned to customers, however, has not yet hit zero. Now, researchers are seeking to find out more about the account in a quest for an answer as to why funds remain.

In conversations with analysts, three theories emerged to explain why all this money remains even as the rate of withdrawal has all but stopped: ignorance, crime, and fear. According to Rush, fear may prove the ultimate obstacle to withdrawal.

Without a back door to that account, either that money will stay there forever, or more extreme measures to recoup the funds will need to be discussed.

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apart from the initial shock, helplessness, and lack of updated info,
one may still just not know or understand. even then it is not user friendly especially mist, and fear and greed are constant camp followers.
please stay with this, there are lots of us.