4 ms·
The original DAO “hack” was reversed by censorship: https://www.gemini.com/cryptopedia/the-dao-hack-makerdao https://www.gemini.com/cryptopedia/the-dao-hack-mak
by larrysalibra 5y ago
The original DAO “hack” was reversed by censorship: https://www.gemini.com/cryptopedia/the-dao-hack-makerdao https://www.gemini.com/cryptopedia/the-dao-hack-makerdao
I put “hack” in quotes because at the time the community loudly was proclaiming “code is law” and if you accept that the person accused of hacking didn’t break any “laws” of the DAO…he simply used it according to the code published in the smart contract. The community decided to hard fork, change the rules and censor his transaction.
You could make the same argument that was censorship in bitcoin had a transaction been made that exploited the inflation bug before the fix was pushed out: https://bitcoincore.org/en/2018/09/20/notice/ https://bitcoincore.org/en/2018/09/20/notice/
- leppr 5y agoGood point. Those instances weren't "easy" though, they needed the support of the whole community, and in Ethereum's case the "uncensored" version still exists (Ethereum Classic). It also likely would not be possible today, see the Parity hack in 2017, which lost people close to the Ethereum foundation a 9 figures amount, but didn't get forked away even though they tried.