July1 from Thailand: This was a shorter episode than usual, here is the TLDR:
1. ETH Dos problems coding the Fork – I once again explain how trying to fix TheDAO hack problem is even dumber than creating TheDAO in the first place. Also once again explain why “Turing Complete Decentralized Smart Contracts” are stupid as oppose to just “Smart Contracts” which I find interesting and innovative.
2. HashOcean Hacked – All Cloud Mining Operations are dumb for you to invest in and most are scams to begin with. Those that are not yet scams will be once they realize they can’t pay people back. The operators will then have a choice between Running away to China with your money (like Big Vern of Cryptsy), Running a Ponzi for as long as they can (like OneCoin is doing right now) or admitting all your money was lost/hacked (like Mark Karpeles did).
3. Winklevii ETF – Going to BATS does not make much a difference as their biggest problem is SEC approval the chances of which are between 0-1% over the next 5 years. Reasons on why are in the video.
BONUS: My predicton of the week was that the hacker will be able to keep the Ethereum (kind of came ture haha)