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This case feels so closely to the very interesting case of Aviva France[1], where a not "well-futureproofed" life insurance contract is making a person very ric
by kbody 9y ago
This case feels so closely to the very interesting case of Aviva France[1], where a not "well-futureproofed" life insurance contract is making a person very rich by the day.
Unfortunately for Aviva, their contracts are actually law in contrast to Ethereum where if the devs feel like it, they can do/revert anything.
[1]: https://ftalphaville.ft.com/2015/02/27/2120422/meet-the-man-who-could-own-aviva-france/ https://ftalphaville.ft.com/2015/02/27/2120422/meet-the-man-...
- malloreon 9y agohere's a link not behind a signup wall: http://www.independent.co.uk/news/business/news/max-herve-george-the-man-fighting-a-merciless-legal-war-against-insurance-giant-aviva-10168427.html http://www.independent.co.uk/news/business/news/max-herve-ge...
- bayonetz 9y agoWow! I'd love to hear the reasoning that went into issuing those policies.
- jffry 9y agoFrom [1], it sounds like it was issued at a time when today's near-real-time info on the value of the investments was unthinkable, not to mention the amount of time it would take to send and process requests for changes. [1] http://www.proz.com/kudoz/french_to_english/insurance/6252629-arbitrage_%C3%A0_cours_connu.html http://www.proz.com/kudoz/french_to_english/insurance/625262...
- BenjiWiebe 9y agoAm I missing something? I thought the devs had to have everyone agree to do a hard fork. If the devs were in complete control, that wouldn't have been necessary.
- nebabyte 9y agoIf the devs "just reverted anything if they felt like it", people would quickly move to a different fork.
- kbody 9y agoThere's Ethereum Classic with is the original chain that survived the hard fork without the "reversion", which has $2B market-cap if that matters. But more than that it has fans that believe in Ethereum but know the value of immutability.