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And what happens once another exploit occurs? How many hard-forks will there be due to the tyranny of the sore-loser majority?
by alexmingoia 10y ago
And what happens once another exploit occurs? How many hard-forks will there be due to the tyranny of the sore-loser majority?
- grabcocque 10y agoI was wondering the same thing. Turns out the answer is: probably. Elites will always bend the system to their advantage to avoid losing control. It'll be fascinating anthropology though. We've never seen a cryptocurrency betray its fundamental principles to help a few rich people save face before.
- mlvljr 10y agoSounds more like corruptocurrency now :)
- captainmuon 10y agoI'm guessing there will be many forking changes. I'm surprised that people thought version 1.0 would be perfect. If the majority of users agree a change is better, then by all means, why shouldn't they change. The protocol should convey the intentions of the users, and not result in random behavior.
- alexmingoia 10y agoThis isn't a change in versions, it's a fork of the blockchain. There was no bug in Ethereum. The smart contract worked as designed, and similar design flaws could be created in future smart contracts. It's analogous to forking the bitcoin blockchain because a group wanted to reverse specific transactions in their favor.