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The problem is not with forking to develop the protocol. Certainly, that is a good thing, and BitCoin's inability to do so is a serious issue. The problem is f
by JeremyBanks 10y ago
The problem is not with forking to develop the protocol. Certainly, that is a good thing, and BitCoin's inability to do so is a serious issue.
The problem is forking to undo a specific transaction. That should never happen. The fact that so many people over-invested in a risky experimental project that they felt they had to sabotage the protocol to protect themselves reflects very poorly on the community.
- max_ 10y ago>The problem is forking to undo a specific transaction. That should never happen. Ethereum already had plans to from Proof of Work to Proof of Stake as a consensus algorithm (in Q3). The attacker stole over 10 million ETH How would you feel using a system whose transactions are audited in majority by a thief?
- JeremyBanks 10y agoI'd be concerned. But the community already accomplished that by recklessly creating the situation in the first place, from which there was no truly good outcome.
- flashmob 10y agoTechnically, no transactions were undone, but the fork agreed to new rules set in the future. The users of the new version also had a choice if they wanted to support the fork or not, the majority went with the fork. This is a screenshot of the choice everyone was asked when starting up their wallet: https://upload.wikimedia.org/wikipedia/commons/thumb/d/d7/Ethereum-Wallet_and_Mist_Beta_with_Hard_Fork_choice_0.8.1.png/1113px-Ethereum-Wallet_and_Mist_Beta_with_Hard_Fork_choice_0.8.1.png https://upload.wikimedia.org/wikipedia/commons/thumb/d/d7/Et... Ability for a community to set and agree to new rules is healthy for a blockchain and it makes it more likely that Ethereum can evolve and successfully hardfork to Proof of Stake (PoS) mining in the future.
- baobabKoodaa 10y agoNice whitewashing. While you are technically correct that no transactions were undone, in practice a theft was (largely) reverted. You are also misrepresenting "users' choice" with regards to supporting the fork. If you make a transaction and everyone moves onto a different chain in order to effectively cancel your transaction, that's censorship of transactions. Censorship was a good choice in this case, but let's not pretend it's something it wasn't.
- splintercell 10y ago> If you make a transaction and everyone moves onto a different chain in order to effectively cancel your transaction, that's censorship of transactions. If you don't like what NYT says, and you cancel your subscription and subscribe to WSJ (and let's just say that millions of people do the same thing, possibly due to some event), have you effectively censored NYT then? The fact is, censorship has a meaning, and the way you're using the language, abuses that. We didn't censor Ubuntu when because of their unity decision lots of people moved to Linux Mint or to other distros. We didn't censor Digg when it lost a huge traffic to Reddit after the v3 changes. Uber wasn't censored when after the controversial immigration changes by Trump, people started to delete uber app and ride Lyft. Censorship is when an organization forces your speech from all effective expression. Will ETC be invoking censorship when they hard fork to eliminate the upcoming Ice Age baked into the Ethereum protocol?
- adamrezich 10y agoYour analogy breaks down because we don't trade newspapers as currency, we consume them for information.
- splintercell 10y agoAnd until 2016 nobody used the phrase 'censorship of transactions'.
- baobabKoodaa 10y ago