[programmarchy]

Creating a fork is not a fraud. That was and is always a possibility, people were free to disagree, and Ethereum Classic represents that disagreement. If you went through that, then you would have ETH and ETC, and a choice of what to use, develop, mine, etc.

[moralestapia]

If I had created the DAO and I was the one going to lose 50 million, no fork would have happened, and Buterin (and you probably) would have told me, from their high horses, "though luck pal, you see, that's the beauty of smart contracts, they're final and no one should be able to do anything about it".

If you preach a set of principles and then backtrack on them when it's convenient for you, you're a hypocrite and have no integrity. If you do this on purpose, to deceive people, and there's money involved then you arrived at the definition of fraud, +- some extra words.

[npip99]

That's because the $50M were owned by a large percentage of the users of Ethereum, not a single person. It represented 15% of the total ETH in circulation, back when the currency was in a very nascent state and the flagship product that ETH provided that BTC didn't, was the DAO. When the DAO break happened ETH lost 60% of its value, so not only did 15% of people have their money stolen, but everyone across the board lost 60% of their ETH value. There was simply immense demand for people to get their money back, so people much preferred the fork that kept their money than the fork where the robber stole their money.

Simple as that, it's decentralized, that's the whole point, you fundamentally can't tell people which fork to believe, people use whatever fork they want. And the people mostly wanted the fork with their money in the DAO preserved. People who wanted the unaltered chain stayed there, no big deal.

[tornato7]

Exactly. Ethereum users and miners legitimized the patched chain and that's what continued forward.

A hacker minted free Bitcoin in 2010 and the chain forked to remove that transaction. But nobody's talking about that being a scam. How is the Dao hack any different?

[short]

When a pretty well known main ethereum developer lost $ 250 million due to a smart-contract bug, nothing was reverted

https://news.bitcoin.com/parity-calls-for-ethereum-hard-fork...

[boublepop]

If you had been the creator there would still be absolutely nothing you could do to prevent a fork. You could throw a hissyfit and scream all you want on Twitter, but the fork would still happen.