Why The DAO Attack is Good for Ethereum

Note from the Publisher:  In case you want to brush up on what exactly ethereum is, check out this domain:  https://www.ethereum.org/

“Yesterday was a whirlwind for anybody working or invested in the ethereum world.

Understandably, the day’s attack on The DAO has led to criticism, skepticism and concern about the future of Ethereum. But is there really a cause for concern? Of course, with millions of dollars worth of the cryptocurrency ether invested in The DAO (as of the writing of this), it’s no surprise that the attack is making headlines, and mostly negative ones at that.

That said, I think it’s important to view today’s events as an important case study in the anti-fragility of new digital technologies, that will only lead to more security and diligence as ethereum evolves.

As popularized by the renowned author Nassim Taleb, the concept of anti-fragility can be summarized by a simple quote from his book, “Antifragile”: “The resilient resists shocks and stays the same; the anti-fragile gets better”.”

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