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by che_shirecat
3384 days ago
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> No, the hard fork for TheDAO did not sacrifice our principles. The hard fork was inevitable and it exposed the most glaring problem with the whole thing - there's no use case for a ledger that's supposedly decentralized and immutable but is in fact subject to the decisions of a particular group, however "super awesome and competent" who have significant vested interests in the speculative value of the currency. I'm not even talking about the DoS hard fork which you can explain away as fixing a core ethereum bug. The fork that unilaterally decided to nix the ethereum of the hacker who exploited a flaw in theDAO's smart contracts, the action that was taken purely to roll back the losses of those who had their hands in the speculative ethereum cookie jar, makes ethereum as an implementation of a great concept impossible to take seriously. If code isn't law, then what is besides the whims of the ethereum community? Any sane individual would much rather take such a contract dispute to a U.S. court where at least one has an idea as to who is pulling the strings. Labeling such concerns as "dumb stuff" is simply a knee-jerk reaction to criticism that endangers your own stake in ethereum's success. |
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