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Does anybody else find that, even though this might have been a "sensible" decision, particularly for people who have a vested (i.e., financial) interest, that
by peatfreak 10y ago
Does anybody else find that, even though this might have been a "sensible" decision, particularly for people who have a vested (i.e., financial) interest, that now a lot of the "wow" factor and everything that made Ethereum exciting, has just evaporated? Now it's clear that rather than being idealistic and principled for the greater good, it's simply nothing more than a way for people to make money and for the powers that be to retain the status quo. Business as usual, "the system" will prevail. The magic has gone.
- jobigoud 10y agoYes. It will never be the same. Part of the appeal was to entirely delegate decisions to autonomous software. The autonomy aspect has been diminished at a meta level. It had always been clear that there would be bugs and exploitable logic flaws in contracts. It's inherent to the platform. It does feel like a change in philosophy has happened now that people have invested in it, their principles are more pragmatic and less idealistic, which might be good short term but inevitably undermine the project. The idea behind the project are still good I think, and position regarding this type of incidents will be a litmus test for future platforms based on similar concepts.