3 ms·

Would an "upgradeable" crypto-coin solve that flaw?

analognoise 5y ago
Upgrade to fiat currency that the rest of the world runs on and doesn't have these problems?
WalterSear 5y ago
Immutability is at the heart of blockchain functionality. Everything involved requires it. So, you'ld have to throw it all out and try to invent something entirely different.
- w4llstr33t 5y ago
  Have you heard of Tezos? Tezos is often referred to as the first “self-amending” blockchain, which routinely adapts and adopts new features natively and automatically via its unique on-chain governance mechanism. This protocol functionality allows the system to coordinate the selection of new updates though popular voting, integrate the new updates that are selected, and compensate the developers who proposed them. [1] [1] https://www.gemini.com/cryptopedia/what-is-tezos-xtz-governance-use-cases https://www.gemini.com/cryptopedia/what-is-tezos-xtz-governa...
  - hanniabu 5y ago
    Lot of buzz words to say soft forks. Also this has nothing to do with upgradeable contracts.
    - w4llstr33t 5y ago
      > has nothing to do with upgradeable contracts. Although the article is talking about the SafeDollar contract, there were some general points about crypto / blockchain in this thread that I was responding to. Tezos is one example that has on-chain governance, which is why I mentioned it. If you want to provide more info about how the on-chain governance is really just done through soft forks, and why you think that's not innovative, I'd be curious to hear. I'm not huge on Tezos but I think they do some interesting things.
      - hanniabu 5y ago
        Tezor governance is for protocol upgrade. They vote and push them through as a soft fork. There's really nothing different there but they market it like it's something special. This has nothing to do with contract upgrades, although ethereum is at the forefront with having contracts that are upgradeable via DAO voting.
        w4llstr33t 5y ago
        Thanks!
- drdrey 5y ago
  That’s not true, upgradable contracts using proxies is a common pattern.
  - WalterSear 5y ago
    A contract isn't a blockchain.
imtringued 5y ago
Complete with a crypto court...

Upgrade to fiat currency that the rest of the world runs on and doesn't have these problems?

Immutability is at the heart of blockchain functionality. Everything involved requires it. So, you'ld have to throw it all out and try to invent something entirely different.

w4llstr33t 5y ago
Have you heard of Tezos? Tezos is often referred to as the first “self-amending” blockchain, which routinely adapts and adopts new features natively and automatically via its unique on-chain governance mechanism. This protocol functionality allows the system to coordinate the selection of new updates though popular voting, integrate the new updates that are selected, and compensate the developers who proposed them. [1] [1] https://www.gemini.com/cryptopedia/what-is-tezos-xtz-governance-use-cases https://www.gemini.com/cryptopedia/what-is-tezos-xtz-governa...
- hanniabu 5y ago
  Lot of buzz words to say soft forks. Also this has nothing to do with upgradeable contracts.
  - w4llstr33t 5y ago
    > has nothing to do with upgradeable contracts. Although the article is talking about the SafeDollar contract, there were some general points about crypto / blockchain in this thread that I was responding to. Tezos is one example that has on-chain governance, which is why I mentioned it. If you want to provide more info about how the on-chain governance is really just done through soft forks, and why you think that's not innovative, I'd be curious to hear. I'm not huge on Tezos but I think they do some interesting things.
    - hanniabu 5y ago
      Tezor governance is for protocol upgrade. They vote and push them through as a soft fork. There's really nothing different there but they market it like it's something special. This has nothing to do with contract upgrades, although ethereum is at the forefront with having contracts that are upgradeable via DAO voting.
      - w4llstr33t 5y ago
        Thanks!
drdrey 5y ago
That’s not true, upgradable contracts using proxies is a common pattern.
- WalterSear 5y ago
  A contract isn't a blockchain.

imtringued 5y ago

Complete with a crypto court...