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by guluarte 2y ago
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- kinakomochidayo 2y agolet’s not forget that Satoshi rolled back Bitcoin in 2010, whereas Ethereum was a surgical state change within a smart contract
- adastra22 2y agoWhat are you talking about in 2010?
- kinakomochidayo 2y agohttps://en.bitcoin.it/wiki/Value_overflow_incident https://en.bitcoin.it/wiki/Value_overflow_incident Other transactions besides the one that created 184 billion BTC in that block was effectively “rolled back” on the working chain.
- adastra22 2y agoThank you.
- vessenes 2y agoSo salty! And yet...How's ETH Classic doing? It was the right move at the time to fork. And pretty obviously would be the wrong move today. For context, guluarte is referring to a moderately contentious hardfork done by the Ethereum developers and mining community to reverse TheDAO Hack in 2016 or so. The stakes were much larger then -- Ethereum was newer, not yet battle tested, and TheDAO had something like 10% of all ETH in it. A fork was formed -- "ETH Classic" -- ticker ETC -- which did not reverse the DAO hack, and you can see from valuations that the public preferred the reversal.
- 0cf8612b2e1e 2y agoI mean, the public comprised of the developers of Ethereum who had significant financial incentive to pretend the hack did not happen and to forever publicize their chain of history. Code is law, up until it costs me.
- kinakomochidayo 2y agoit was actually up to the node operators to update their clients or not, which resulted in a contentious chain split. just like Bitcoin. decentralization worked as intended.