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Etherum was really nice to the guys who made the DAO that was hacked? What determines when a cryptocurrency decides to cooperate to undo a hack? Does it come
by bhouston 9y ago
Etherum was really nice to the guys who made the DAO that was hacked? What determines when a cryptocurrency decides to cooperate to undo a hack? Does it come down to connections between those affected and the cryptocurrency management?
- bfuller 9y agoTrust that the ledger is actually immutable is what gives these tokens most of their value. I guess if the devs decide the loss of confidence in their product hurts less than the loss from the hack then it makes sense to go for it.
- tlrobinson 9y agoThis is spot on. Even Bitcoin has forked to roll back transactions, though not recently, and in the past only due to protocol vulnerabilities, never 3rd party software like the DAO or a hacked exchange. I’d be wary of mature cryptocurrencies where this is feasible, especially if it’s "fixing" something that doesn’t affect the majority of users.
- rkeene2 9y agoSince one of the Ethereum developers/coordinators had a lot of Ethereum in the DAO they had a bit more pull with the Ethereum code ... :-)
- pietjepuk88 9y agoYou (the user) decide. If you want to fork Nano/XRB to undo the hack - assuming that is at all possible - just edit the code, and release said version to the public. Then you will have done what happened with Ethereum after TheDAO hack.