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That Ethereum Classic never reversed is true but largely meaningless; what matters, as you say, is that "the not-actually-reversed transaction has lost value in
by mLuby 5y ago
That Ethereum Classic never reversed is true but largely meaningless; what matters, as you say, is that "the not-actually-reversed transaction has lost value in $ at mark-to-market." That loss in value represents the reversal. If that hadn't happened, the original and fork could be double-spent.
- opportune 5y agoThe difference in value of ETH classic and ETH grew over time though. It hasn’t always been so stark. I don’t care enough about the specifics of the “bad” txs to check when/if the funds were sent out of the receiving wallets but they might have recovered the same or similar amount of value in $. Anyway, I just find this a really bad example in general because it’s 1 an exceptional case, most other hard forks haven’t been done just for transactions 2 it required almost the entire community to choose to follow the hard fork (which is the only thing that actually destroys value). Yes, it does show that you can do something like a payment reversal in crypto but it’s very hard and unlikely. In this case the exception proves the rule