4 ms·
> Ultimately, it was the market that decided to recognize the Ethereum Foundation's fork as the winner. So instead of a carefully designed system of law that h
by spookthesunset 9y ago
> Ultimately, it was the market that decided to recognize the Ethereum Foundation's fork as the winner.
So instead of a carefully designed system of law that has thousands of years of evolution to get where it is today, we'll just regress back to what is basically mob rule?
- dorgo 9y agoSome call it mob rule. Others call it democracy..
- nokcha 9y agoAny currency is only worth what the market values it at. (Yes, this is true for fiat currencies too, as evidenced by countries that have suffered hyperinflation.) You can still use Ethereum Classic if you really want to, but it has a significantly smaller userbase and market cap than the Ethereum Foundation's fork.
- spookthesunset 9y ago> You can still use Ethereum Classic if you really want to, but it has a significantly smaller userbase and market cap than the Ethereum Foundation's fork. That is comforting if my mortgage or deed to my house was tied to a smart contract running on that platform.
- jmeyer2k 9y agoThe point is: people who want to manipulate history or cheat need to jump through many more hoops than currently exist. Instead of a simple unilateral decision from a company's CEO, the decision rests on a giant (and growing) ecosystem of developers, economists, and traders.