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I think the larger issue (which Vitalik actually mentions a lot in this article) is that crypto is also bulldozery and the same stuff can happen. In fact, some

I think the larger issue (which Vitalik actually mentions a lot in this article) is that crypto is also bulldozery and the same stuff can happen. In fact, something very similar did happen when etherium forked after the [edit] DAO hack. At the end of the day, whoever has the resources has the power.

leppr 5y ago
The Ethereum hard fork was in 2016 after the hack of a project called just "DAO" [1]. No other on-chain event since then, including the recent BadgerDAO hack, motivated a hard fork. Vitalk's article is quite precise about these subtleties, concluding that crypto is generally vetocracy at the lower level and bulldozer-y higher in the stack. [1]: https://en.m.wikipedia.org/wiki/The_DAO_(organization) https://en.m.wikipedia.org/wiki/The_DAO_(organization)