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I have no stake in this so perhaps it is easy for me to make comments but here it is: if nobody agrees that there is any value in this currency then there is no
by _pdp_ 10y ago
I have no stake in this so perhaps it is easy for me to make comments but here it is: if nobody agrees that there is any value in this currency then there is no value even if real money is involved. I could have written this a little bit better, I know.
So a hard fork is in essence the community saying that they do not accept that there is any value for them beyond a certain point. Nobody breaks any laws. The "attacker" can retain what they gained. Nothing changes. The community simply moves on to another island - it is as simple as that.
I am not a lawyer but I cannot see how someone can sue you for not wanting to do business with them purely from value perspective. Perhaps this is a bit of an extreme example but it is also as if I start suing everyone because they do not accept doing business with me while I pay them with seashells (once perhaps considered a valid tender).
- bakhy 10y agoso, the DAO contract is the only authority, and everything is on the blockchain, except when the collective decides it's not? you say "nothing changes", but something obviously would - "the attacker" would lose their money. and not because any smart contract decided so, but rather >1/2 of the involved participants. of course, he's a thief and should not get the money, but maybe the DAO was flying a bit too high too quickly.
- deleted 10y ago[deleted]