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> But we don't want financial transactions to be fully automated and immutable. And cryptocurrency does not provide immutability anyway. Remember the DAO Ether

> But we don't want financial transactions to be fully automated and immutable. And cryptocurrency does not provide immutability anyway. Remember the DAO Ethereum fiasco where they lost a bunch of money and decided to roll it back.

v64 7y ago
This is a legitimate point to bring up, but seeing as how the community rejected a second fork in order to fix a bug in a smart contract that destroyed millions of dollars worth of Ether [1], I feel confident at this point saying that another similar hard fork will not occur. [1] https://www.cnbc.com/2017/11/08/accidental-bug-may-have-frozen-280-worth-of-ether-on-parity-wallet.html https://www.cnbc.com/2017/11/08/accidental-bug-may-have-froz...
- hanniabu 7y ago
  Also it wasn't a rollback of the chain. It was the movement of the funds out of the thieves address, which was voted on by the network.
vinniejames 7y ago
They didn't roll anything back. That ledger, with the loss, exists today unchanged. What did happen was a superset of users decided to create a new ledger to run in parallel, containing transactions up until but not including the loss. The market determined the new ledger to be more valuable