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>Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fr
by DINKDINK 9y ago
>Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference.
Except that ethereum is lying when they say this. The DAO contract was nullified and censored. The Ethereum Foundation and the DAO team were bailed out and had preferential treatment.
- anjc 9y agoAnd how was the contract nullified exactly?
- robert_davidson 9y agoIt was replaced with a new contract via a hard fork. Doing so was the right move, by far, but purists loathe the move.
- anjc 9y agoI was partially being facetious :) But you said it precisely, it was via a hard fork, which was agreed upon in a democratic fashion. The person I was replying to was suggesting that transactions were simply revoked from Ethereum-HQ, which is far from the case.