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No, we cryptocurrency people don't agree. It's actually hard to get them to agree on anything. Even whether it should be under state control or not. Labellin
by psychlops 2y ago
No, we cryptocurrency people don't agree. It's actually hard to get them to agree on anything. Even whether it should be under state control or not.
Labelling the ethereum fork (I assume you are speaking of the DAO) as criminal is interesting. They simply executed the contract according to the terms of code which isn't necessarily illegal. At the time, ETH was a hundredth of its current size (losing 1/3rd its value on the contract) and considered an extinction level event. The other cryptos were innovating at a rapid rate to make "the next bitcoin" and could well have surpassed ETH in market cap.
- immibis 2y agoSimilar excuses, of course, would justify the government taking your fiat money away. Hacking the DAO was objectively criminal activity, since it was illegal. Ethereum agreed to fork to within a margin of error. I know this because the post-fork version of Ethereum is much bigger.
- psychlops 2y agoObjectively unethical, subjectively criminal activity. In 2016, it was unregulated software code during a "code is law" mentality. The regulatory agencies hadn't caught up (the IRS had laid claim in 2014 then revised in 2019). Yes, similar reasons would justify taking your fiat away. I do sympathize with the Ethereum Classic crowd and generally agree with the code is law idea. The investors very well knew the risks.
- immibis 2y agoIt was against the law, for example the CFAA.