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They didn't do so unilaterally. The users of Ethereum collectively chose to bail it out.

sva_ 5y ago
More or less: > On 15 July 2016, a short notice on-chain vote was held on the DAO hard fork.[8] Of the 82,054,716 ETH in existence, only 4,542,416 voted, for a total voter turn out of 5.5% of the total supply on 16 July 2016; 3,964,516 ETH (87%) voted in favor, 1/4 of which came from a single address, and 577,899 ETH (13%) opposed the DAO fork.[8] https://en.wikipedia.org/wiki/Ethereum_Classic#Carbon_vote https://en.wikipedia.org/wiki/Ethereum_Classic#Carbon_vote
- thebean11 5y ago
  Regardless of the vote participants had the choice of staying on the old chain. The fact that they didn't shows the fork was widely supported.
mountainboy 5y ago
not all of them. Hence the eth classic fork. A majority of eth miners and users decided to change the rules and ignore the promises of immutability previously made to all. Having a majority does not make an action ethical. Hence the term: tyranny of the majority. This serious breach of faith soured many people on the project, and the mis-trust continues to this day.
- whimsicalism 5y ago
  > Having a majority does not make an action ethical. Hence the term: tyranny of the majority. Pricing is not "tyranny of the majority." If nobody wants to buy what you are selling, you are not being oppressed. Given that people decided they would much rather buy the coin with the altered ledger, it is more valuable. As a meta note: Crypto seems to bring out the most low-brow critiques on either side. Maybe because it has become popular with a mass audience?
- thebean11 5y ago
  Right, my statement wasn't super clear but I meant the users of present-day Ethereum which is the bailed out version. I don't see how ethics plays into it; it's a judgement call and the existence of the forked Ethereum isn't an attack on ETC.
  - mountainboy 5y ago
    Where I come from promising something, accepting people's money, and then reneging on the promise is considered unethical.
    - thebean11 5y ago
      Sorry what promise are you referring to

sva_ 5y ago

More or less: > On 15 July 2016, a short notice on-chain vote was held on the DAO hard fork.[8] Of the 82,054,716 ETH in existence, only 4,542,416 voted, for a total voter turn out of 5.5% of the total supply on 16 July 2016; 3,964,516 ETH (87%) voted in favor, 1/4 of which came from a single address, and 577,899 ETH (13%) opposed the DAO fork.[8] https://en.wikipedia.org/wiki/Ethereum_Classic#Carbon_vote https://en.wikipedia.org/wiki/Ethereum_Classic#Carbon_vote

thebean11 5y ago
Regardless of the vote participants had the choice of staying on the old chain. The fact that they didn't shows the fork was widely supported.

mountainboy 5y ago

not all of them. Hence the eth classic fork. A majority of eth miners and users decided to change the rules and ignore the promises of immutability previously made to all. Having a majority does not make an action ethical. Hence the term: tyranny of the majority. This serious breach of faith soured many people on the project, and the mis-trust continues to this day.

whimsicalism 5y ago
> Having a majority does not make an action ethical. Hence the term: tyranny of the majority. Pricing is not "tyranny of the majority." If nobody wants to buy what you are selling, you are not being oppressed. Given that people decided they would much rather buy the coin with the altered ledger, it is more valuable. As a meta note: Crypto seems to bring out the most low-brow critiques on either side. Maybe because it has become popular with a mass audience?
thebean11 5y ago
Right, my statement wasn't super clear but I meant the users of present-day Ethereum which is the bailed out version. I don't see how ethics plays into it; it's a judgement call and the existence of the forked Ethereum isn't an attack on ETC.
- mountainboy 5y ago
  Where I come from promising something, accepting people's money, and then reneging on the promise is considered unethical.
  - thebean11 5y ago
    Sorry what promise are you referring to