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> After the DAO there were broad calls criticising the lack of leadership, > criticism about decentralized/consensus decisionmaking, and comparisons >
by runeks 10y ago
> After the DAO there were broad calls criticising the lack of leadership,
> criticism about decentralized/consensus decisionmaking, and comparisons
> with the broader economy and how the Fed can orchestrate a bailout (and
> why that's better - in the eyes of the critics).
This explanation would be acceptable if the motivating factor behind the hardfork were enabling bail-outs, rather than the loss of $60 million.
(Angry customer calls up used car salesman)
Customer: The car alarm you promised would work doesn't work. I'm afraid someone will steal my car.
Car salesman: I'm awfully sorry about that.
Customer: Also, the engine broke. I can't start the car anymore!
Car salesman: Great! So I assume the missing car alarm isn't a problem anymore then?