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Many people here stating that its purpose is tainted if they can just undo what the attacker did. After all, why not just have a centralized authority after all
by eblanshey 10y ago
Many people here stating that its purpose is tainted if they can just undo what the attacker did. After all, why not just have a centralized authority after all?
I haven't researched this deeply, admittedly, but I think the idea is that they're using consensus from the community in order to undo what the attacker did. In other words, if the community didn't support it, it wouldn't be possible to do at all. Contrast this with a centralized authority that didn't need community involvement at all.
- tdb7893 10y agoThis works for the obvious thefts and high profile contracts but what about smaller contracts and more gray areas? Will the miners know about or care enough to actually efficiently resolve disputes fairly? Will there be a fork for the person who lost 500$ because of a bug in his contract? I’m worried that miners policing everything won’t be sustainable and in the end code will be the final arbiter on Etherium and as we all know writing code without bugs is an unrealistic expectation to place on people.