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ETH is just an oligarchy. It is run based on the consensus of the biggest miners. They can decide to ignore what the smart contracts say at a whim. This has alr
by asdfoinionio 8y ago
ETH is just an oligarchy. It is run based on the consensus of the biggest miners. They can decide to ignore what the smart contracts say at a whim. This has already happened, which is why ETC exists.
It's not magic God-math free of all human imperfections. It's just another government, and not a terribly good one.