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So, then the parent is right: it was rolling back a transaction (smartcontract with oversight) they didn't like. It wasn't like a bug with the reference impleme

by SilasX 6y ago

So, then the parent is right: it was rolling back a transaction (smartcontract with oversight) they didn't like. It wasn't like a bug with the reference implementation, it was one of a zillion contracts where the code diverged from author intent, on a platform that defines itself by "code is law, trust the code over any natural language description thereof". And the only reason this transaction got rolled back -- rather than the numerous others that had such a problem -- is because it affected a lot of wealthy insiders. A platform created to resist elite corruption of the contract law, has its elite corrupt its contract law.

crazydoggers 6y ago
You guys are hilarious. I don’t know why I bother commenting here anymore. It’s basically Reddit now. Facts just countered with incoherent nonsense. The parent is not right, because by definition it is not a 51% attack. Plain and simple, that’s something entirely different. The blockchain is a democracy. It’s consensus. If you want to fix something you convince the community it’s worth it. It has nothing to do with wealth insiders etc etc. lol. Even with ETC which was a minority, if it was done for sound reasons it would have succeeded. But it wasn’t, it was just a cash grab using excuses to seem legitimate. Here’s finally a financial solution where people have open insight and can openly participate... a lot less insider than any other banking system. Go have fun with your GameStop stock lol... I’ll have fun with being financial successful why you all complain... and keep shorting you with options and making a killing. It’s called being smart, nothing wealth, conspiracy, insider to it.
- Scoundreller 6y ago
  It’s consensus going-forward. So I can write code and you can be confident that the code is what I said it was. Once you start rewriting the past, it’s no longer append-only and you’ve thrown away the basic fundamental of a blockchain.
  - nootropicat 6y ago
    It wasn't technically rolled back, a hard fork moved funds out of contract. There was a big push to make another recovery via a hardfork in 2018 (Parity multisig hack) and it failed, so most likely no hack is ever going to be big enough again
- IngvarLynn 6y ago
  > It’s basically Reddit now. I disagree. Every once in a while I stumble upon a post on r/walstreetbets which is deeper than anything that I've seen on HN.
- deleted 6y ago
  [deleted]

by SilasX 6y ago

crazydoggers 6y ago

You guys are hilarious. I don’t know why I bother commenting here anymore. It’s basically Reddit now. Facts just countered with incoherent nonsense. The parent is not right, because by definition it is not a 51% attack. Plain and simple, that’s something entirely different. The blockchain is a democracy. It’s consensus. If you want to fix something you convince the community it’s worth it. It has nothing to do with wealth insiders etc etc. lol. Even with ETC which was a minority, if it was done for sound reasons it would have succeeded. But it wasn’t, it was just a cash grab using excuses to seem legitimate. Here’s finally a financial solution where people have open insight and can openly participate... a lot less insider than any other banking system. Go have fun with your GameStop stock lol... I’ll have fun with being financial successful why you all complain... and keep shorting you with options and making a killing. It’s called being smart, nothing wealth, conspiracy, insider to it.

Scoundreller 6y ago
It’s consensus going-forward. So I can write code and you can be confident that the code is what I said it was. Once you start rewriting the past, it’s no longer append-only and you’ve thrown away the basic fundamental of a blockchain.
- nootropicat 6y ago
  It wasn't technically rolled back, a hard fork moved funds out of contract. There was a big push to make another recovery via a hardfork in 2018 (Parity multisig hack) and it failed, so most likely no hack is ever going to be big enough again
IngvarLynn 6y ago
> It’s basically Reddit now. I disagree. Every once in a while I stumble upon a post on r/walstreetbets which is deeper than anything that I've seen on HN.
deleted 6y ago
[deleted]