5 ms·

There could be another reason why most people decided to follow the DAO fork: perhaps it's simply because they agreed with the actions taken by the Ethereum dev

There could be another reason why most people decided to follow the DAO fork: perhaps it's simply because they agreed with the actions taken by the Ethereum developers to return the money to the shareholders instead of leaving it to the thief? Or do you believe that users would have followed the developers even if they forked the chain to pocket all the money themselves?

adrianN 8y ago
I don't think there was a thief. Before the fork, the very point of Ethereum was that code is law and there is no need for human interpretation. The so-called thief merely noticed that the DAO code had a feature that allowed them to extract money from it, and they did.
- baq 8y ago
  thus, the code has changed and with it the law. i don't see any problem here.
  - jki275 8y ago
    It was changed to fix the chain retroactively. That's the problem. If the ledger isn't immutable, it has no value as a ledger. The majority of the ETH world doesn't believe that, which is why people like Charles Hoskinson left it.
    - jsutton 8y ago
      The whole point of the network is that it's owned and driven by the community. The community decided it was prudent to fork. It's not an issue with decentralization. The majority of the ETH world clearly does believe that, because ETH is where the vast majority of the community has stuck with.
      - jki275 8y ago
        The majority of the community believed in the fork, that's what I meant if I wasn't clear. That belief is contra to the concept of an immutable decentralized ledger, which means ETH isn't canonically a cryptocurrency, an immutable ledger, or a decentralized ledger anymore. The upcoming (well, it's never going to happen) POS fork is going to centralize it further among the very small number of massive whales who control the ecosystem.
        Sargos 8y ago
        PoS is actually more decentralized when PoW. PoW is controlled by a few mining pools but PoS will have tens of thousands or more validators. In PoW only a few people have the resources to build and run mining farms. Certainly not me. In PoS anyone can stake on a desktop or laptop. This greatly increases the amount of people who can participate in the network.
        jki275 8y ago
        In some cryptocurrencies that is certainly the case. If you look at the ETH ecosystem, it is massively concentrated and thus will never be decentralized in any meaningful way. With POW, anyone could participate, with POS most people will never have any ability to realistically participate. Just to clarify a bit in an edit here -- As a general comment about POS vx POW, you have to purchase a huge amount of the cryptocurrency to participate in POS in a meaningful way -- so there is a cost to that just as there is in mining. The recurring costs of electricity are not there in POS of course.
        tdmat 8y ago
        would you like to stake some ether on the claim that's it's never going to happen? I'm willing to bet 10 Ether we see POS before the end of 2021..
        asynchrony 8y ago
        Ethereum does seem to be the platform of choice for odd gambling games.

adrianN 8y ago

I don't think there was a thief. Before the fork, the very point of Ethereum was that code is law and there is no need for human interpretation. The so-called thief merely noticed that the DAO code had a feature that allowed them to extract money from it, and they did.

baq 8y ago
thus, the code has changed and with it the law. i don't see any problem here.
- jki275 8y ago
  It was changed to fix the chain retroactively. That's the problem. If the ledger isn't immutable, it has no value as a ledger. The majority of the ETH world doesn't believe that, which is why people like Charles Hoskinson left it.
  - jsutton 8y ago
    The whole point of the network is that it's owned and driven by the community. The community decided it was prudent to fork. It's not an issue with decentralization. The majority of the ETH world clearly does believe that, because ETH is where the vast majority of the community has stuck with.
    - jki275 8y ago
      The majority of the community believed in the fork, that's what I meant if I wasn't clear. That belief is contra to the concept of an immutable decentralized ledger, which means ETH isn't canonically a cryptocurrency, an immutable ledger, or a decentralized ledger anymore. The upcoming (well, it's never going to happen) POS fork is going to centralize it further among the very small number of massive whales who control the ecosystem.
      - Sargos 8y ago
        PoS is actually more decentralized when PoW. PoW is controlled by a few mining pools but PoS will have tens of thousands or more validators. In PoW only a few people have the resources to build and run mining farms. Certainly not me. In PoS anyone can stake on a desktop or laptop. This greatly increases the amount of people who can participate in the network.
        jki275 8y ago
        In some cryptocurrencies that is certainly the case. If you look at the ETH ecosystem, it is massively concentrated and thus will never be decentralized in any meaningful way. With POW, anyone could participate, with POS most people will never have any ability to realistically participate. Just to clarify a bit in an edit here -- As a general comment about POS vx POW, you have to purchase a huge amount of the cryptocurrency to participate in POS in a meaningful way -- so there is a cost to that just as there is in mining. The recurring costs of electricity are not there in POS of course.
      - tdmat 8y ago
        would you like to stake some ether on the claim that's it's never going to happen? I'm willing to bet 10 Ether we see POS before the end of 2021..
        asynchrony 8y ago
        Ethereum does seem to be the platform of choice for odd gambling games.