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The title makes it sound like people lost their money.
by repler 9y ago
The title makes it sound like people lost their money.
- akoncius 9y agodidn't they? People invest in hardware, pay electric bills, even purchase coins from stock exchanges to have them and suddenly - fork? of course they lost money.
- repler 9y agoThe point stands that it is not "lost forever". When you invest in the stock market, and the market crashes, THAT money is lost forever. This is not that.
- root_axis 9y ago> THAT money is lost forever No, it isn't, because the price can go back up in the future. In this case, there is no hope of recovery unless you count the entire network pretending this never happened as recovery. Ironically, the real stock market is more immutable in practice than Eth.
- deelowe 9y agoI think it's difficult for some people to truly understand the concept of currently. They don't realize that it's a fictitious thing that gets is value solely from others trusting it. So to them, a fork is just a fork. Ya know, some money here and some money there. What's the big deal right? What they don't seem to grasp is that this action kills the trust of the old currency. It has no value moving forward. It's dead and will quickly become useless. People have developed this expectation for currency (a dollar being this thing that you can hold which always equals this amount printed on this price tag) without having any real understanding of what currency is really. This leads to odd assumptions.
- simonh 9y agoUnder the current implementation and rules of the Etherium system, they have lost their money. It may be possible for them to get it back, if they are lucky.