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Bailing out the DAO undermines the core value propositions of Ethereum - contract immutability (stability) and decentralization. I understand that the argument
by alistproducer2 10y ago
Bailing out the DAO undermines the core value propositions of Ethereum - contract immutability (stability) and decentralization. I understand that the argument is "this is a special (ie, too big to fail) case; however, who can be sure?
IMO the better way to handle this is to acknowledge the mistake and let it fail. It's embarrassing I get it. Honestly, the big bank types who threw millions at this tech without doing due diligence deserve to lose their shirt. It's called speculation for a reason.
If the core team cares about the long term credibility of the project with the people who real matter - the tech community - they will not bail it out.
Edit:
For anyone interested, there's a really great discussion on this subject at the Ethereum reddit
https://www.reddit.com/r/ethereum/comments/4oiqj7/critical_update_re_dao_vulnerability/ https://www.reddit.com/r/ethereum/comments/4oiqj7/critical_u...