r/ethereum•
Dexaran

The history of TheDAO is not learned! The problem is known, but no one cares again.

I wrote an appeal to users of ERC20 tokens earlier.

I described a problem of current tokens implementation that results in money losses. At the time of writing the first article, $10000 were lost. Now there are more than $90,000 lost in ERC20 tokens. I see that nothing is changing and the money losses continues.

Some new ERC20 tokens were developed, for example Melonport. $1100 are already lost in MLN tokens.

Also StorJ is going to launch its own ERC20 tokens. I wrote this article to warn them, but they said it was not important enough to take into account.

The problem exists. Money losses occurs. Are we waiting until it will become TheDAO 2.0 ? Are we still waiting for someone to lose about $ 60,000,000 to pay attention to this?

Dear token developers,

Please, don't use current ERC20 tokens implementation. People are losing money because of your inattentiveness!

At the very least, you need to implement a special debugging function to extract tokens that have been sent to contracts without handling. It will happen very frequently because of there is no way to handle ERC20 token transactions. ERC20 tokens will often get stuck inside contracts.

I have also developed ERC223 token standard which can solve the problem of impossibility of handling transactions.

Posted May 18, 2017, 6:16 PM UTC

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