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Could the person who got the DAO's ETH create a contract to pay out miners who vote against a hard fork with the "stolen" ETH?
by bobjones201606 10y ago
Could the person who got the DAO's ETH create a contract to pay out miners who vote against a hard fork with the "stolen" ETH?
- patrickk 10y agoProbably quite difficult in practice, unless he/she could somehow convince a mining pool or something. Another option would be to set up mining hardware in a place like China with low cost electricity. However, this would take time, money and serious effort - if you cash out ether to fund it, you likely crash the price, and if you succeed in fighting the hard fork, the split in the community would likely destroy the trust in Ethereum and your funds go poof.
- tromp 10y agoAssuming contracts can identify the coinbase address of past blocks, then that would be relatively straightforward. But this may not be up to the miners alone. Perhaps even more important is what for the major exchanges choose to run, since they're needed to convert Ether back into BTC/fiat currency. If a major exchange makes a public announcement committing to either the soft or hardfork, then that will sway a great many miners.