4 ms·

The largest community I know of that truly believes that "Code is Law" is the side of Ethereum that simply accepted the DAO hack: Ethereum Classic. EDIT: here'

The largest community I know of that truly believes that "Code is Law" is the side of Ethereum that simply accepted the DAO hack: Ethereum Classic. EDIT: here's a pretty good write up of why you might think that ETC doesn't follow "Code is Law" either. In short after forking from ETH years ago because they had a stronger conviction that code is law they decided to break compatibility of existing code deployed on the chain to keep in sync with ETH development. https://that.world/~classic/2020/06/10/deprecate/ https://that.world/~classic/2020/06/10/deprecate/

TekMol 5y ago
How is their current roadmap? Will they move to POS and do sharding like Vitalik's Ethereum?
- w4llstr33t 5y ago
  That doesn't appear to be their plan [1][2]. It is worth noting that they also have been subject to several 51% attacks [2]. [1] https://investorplace.com/2021/06/ethereum-classic-will-stand-out-by-sticking-with-proof-of-work/ https://investorplace.com/2021/06/ethereum-classic-will-stan... [2] https://ethereumclassic.org/knowledge/roadmap https://ethereumclassic.org/knowledge/roadmap [3] https://www.coindesk.com/ethereum-classic-blockchain-subject-to-yet-another-51-attack https://www.coindesk.com/ethereum-classic-blockchain-subject...
schmichael 5y ago
They are also probably the most popular chain to suffer multiple successful 51% attacks. I have no idea how they're still worth anything at all, but then again I have no idea why any cryptocurrency is.
adamrezich 5y ago
the DAO hack and the resulting outcome was the first major thing that shook my faith in the idea of cryptocurrencies. I never had any skin in that game, but I liked the idea of Ethereum as it was posed at the time, it seemed really cool. then the DAO hack happened and everybody kept trying to justify a reason to pretend like the hack didn't happen and move on ("it's not a rollback! it's totally different! here's why it's justified!! it's totally not because us DAO folk have so much invested in it!!!"), and it all just seemed to me to be completely at odds with the "code is law" idea, i.e. the thing that was supposed to make Ethereum different from both fiat currency and e.g. Bitcoin. the fact that Ethereum enthusiasts were largely saying, "well, if we don't 'undo' this hack, it'll cripple Ethereum as a cryptocurrency going forward, and we'll never recover!," but to me, collective human action overriding the "code is law" concept was exactly what destroyed any faith I had in Ethereum, and largely damaged it w.r.t. other cryptocurrencies as well. you're not making a true ideological alternative to fiat, you're just making a new kind of currency with its own vested interests controlling what happens to it... which, I thought, was the main reason for moving to crypto in the first place. when push comes to shove, you're still going to get The Government involved in resolving your disputes.
- X6S1x6Okd1st 5y ago
  I thought that too. I didn't touch Ethereum until 2020. My feelings have now changed and IMO Ethereum will or already has overtaken bitcoin in importance. In general if you want to do "dapp" development you will write for the EVM, although you probably won't deploy on ETH L1 as your first place. Ethereum has some very serious network effects building up behind it even if your favorite aspect of it was shed during the DAO hack.

TekMol 5y ago

How is their current roadmap? Will they move to POS and do sharding like Vitalik's Ethereum?

w4llstr33t 5y ago
That doesn't appear to be their plan [1][2]. It is worth noting that they also have been subject to several 51% attacks [2]. [1] https://investorplace.com/2021/06/ethereum-classic-will-stand-out-by-sticking-with-proof-of-work/ https://investorplace.com/2021/06/ethereum-classic-will-stan... [2] https://ethereumclassic.org/knowledge/roadmap https://ethereumclassic.org/knowledge/roadmap [3] https://www.coindesk.com/ethereum-classic-blockchain-subject-to-yet-another-51-attack https://www.coindesk.com/ethereum-classic-blockchain-subject...

schmichael 5y ago

They are also probably the most popular chain to suffer multiple successful 51% attacks. I have no idea how they're still worth anything at all, but then again I have no idea why any cryptocurrency is.

adamrezich 5y ago

the DAO hack and the resulting outcome was the first major thing that shook my faith in the idea of cryptocurrencies. I never had any skin in that game, but I liked the idea of Ethereum as it was posed at the time, it seemed really cool. then the DAO hack happened and everybody kept trying to justify a reason to pretend like the hack didn't happen and move on ("it's not a rollback! it's totally different! here's why it's justified!! it's totally not because us DAO folk have so much invested in it!!!"), and it all just seemed to me to be completely at odds with the "code is law" idea, i.e. the thing that was supposed to make Ethereum different from both fiat currency and e.g. Bitcoin. the fact that Ethereum enthusiasts were largely saying, "well, if we don't 'undo' this hack, it'll cripple Ethereum as a cryptocurrency going forward, and we'll never recover!," but to me, collective human action overriding the "code is law" concept was exactly what destroyed any faith I had in Ethereum, and largely damaged it w.r.t. other cryptocurrencies as well. you're not making a true ideological alternative to fiat, you're just making a new kind of currency with its own vested interests controlling what happens to it... which, I thought, was the main reason for moving to crypto in the first place. when push comes to shove, you're still going to get The Government involved in resolving your disputes.

X6S1x6Okd1st 5y ago
I thought that too. I didn't touch Ethereum until 2020. My feelings have now changed and IMO Ethereum will or already has overtaken bitcoin in importance. In general if you want to do "dapp" development you will write for the EVM, although you probably won't deploy on ETH L1 as your first place. Ethereum has some very serious network effects building up behind it even if your favorite aspect of it was shed during the DAO hack.