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And just like that, the entire point of Ethereum vanished into the ether. Contracts which contain an implicit item 'we can renegotiate this any time a majority
by zeveb 10y ago
And just like that, the entire point of Ethereum vanished into the ether.
Contracts which contain an implicit item 'we can renegotiate this any time a majority of miners wish' are contrary to what Ethereum was meant to be.
- watty 10y agoWhat was it "meant to be"? I'm completely ignorant of the politics but my assumption was that every cryptocoin post-bitcoin was a way for the creators/developrs/owners to make money. Did the creators make money? Success.
- jude- 10y agoStraight from ethereum.org: "Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference." Emphasis mine.
- erikpukinskis 10y agoThe point of Ethereum to me is that I can write a service, fund it, and then have it run in perpetuity without any intervention from me. How is that vanished? There is some small probability that the Ethereum community might from consensus around interfering with my service. But I'm no more worried about that than I am about Heroku or anyone else deciding I'm not allowed on the platform. If anything this episode has shown just how high that bar is on Ethereum as compared to centralized offerings. People act like just because there is one tiny corner case where the full letter of the promise is unfulfilled that means the entire offering is void. But what offering doesn't have at least a few caveats?