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I don't see a reference to a government bailout in the article you listed. The chain was forked by the community to the state before the hack and most users swi
by KetoManx64 1y ago
I don't see a reference to a government bailout in the article you listed. The chain was forked by the community to the state before the hack and most users switched over this supporting this fork and calling it Etherium going forward.
- immibis 11mo agoThe chain was forked, ultimately, by Vitalik Buterin - the president of Ethereum - and his cabinet. Calling a thing by different words doesn't make it a different thing.
- hvb2 11mo agoYour dictionary would disagree? By that logic every company is a government?
- immibis 11mo agoYes, actually, and the bigger the company is, the bigger the government it is. Apple is more powerful than many small- to medium-size countries.
- KetoManx64 11mo agoOne goverment you have to pay taxes to in order to stay out of jail and don't get to make any real choices about how much money it prints out of thin air.. The other is an organization body that you freely choose to associate with, eg: using Etherium. I don't understand how you can conflate the two. Vitalik did not print billions of dollars out of thin air and then force every citizen of the US to bear that cost through the inflation of the US dollar eating away at their savings and investments.
- immibis 11mo agoI don't make any choices about how much money Ethereum prints out of thin air, who it prints it to, or how much the transaction fees are.