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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
by 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 agoRight, 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 agoWhere I come from promising something, accepting people's money, and then reneging on the promise is considered unethical.
- thebean11 5y agoSorry what promise are you referring to