Slock it ethereum mistakes
Is it by magnitude of the theft? This is a big deal, but it is dwarfed by the biggest theft of Bitcoins from Mt. The Bitcoin community did not seriously consider a fork to recover these funds. It is also not clear a loss of this magnitude would deal Ethereum a mortal wound: Is it by affiliation with the Ethereum development community? They held official positions. If affiliation and association helped drive this it would behoove all entrepreneurs to attract Ethereum developers to their boards.
Is it by cause of the theft? The way the DAO was using smart contracts made it vulnerable to this attack. Should all developers who make mistakes, even almost unforeseeable ones, be entitled to a hard fork? The response to this is that no one person makes the decision about a fork, but given the swift support across the board it significantly stacks the deck in favor of a fork. Much of the defense of these forks come from the belief that there is a clear right and wrong in this scenario.
That the attacker was wrong and the investors are victims. The danger comes from the next instance where perhaps the community does not agree as strongly about the morality of the action that needs reversing.
Regardless, if the Ethereum community approves a hard fork, it should develop a clear set of conditions under which future hard forks will be considered. Without this, it will appear that hard forks are at the whim of the community, and who influences the whim of the community? If Ethereum chooses to address this attack though the use of forks then Ethereum will no longer have the same level of independence and neutrality as a platform moving forward.
There are many examples of centralized development environments with such guarantees. This presents a challenge to the community — where does the DAO stop and the Ethereum team begin? How much did the members of Slock and the core Ethereum team invest in the Dao?
These are questions the community will wrestle with. No one can force the network to adopt a fork. However, there is the awkward fact that so many influential members of the community who also had a relationship with The DAO are supporting the fork.
Even more awkward, the CEO of Slock. If the community cannot openly exchange ideas without accusation of conspiracy, it ceases to be a community. Who really owns the Ethereum? Users complain when software providers remove features but they are consumers of the product, not owners. Ethereum have to choice between protect their concept or protect investor profit. And they decide to save investor, push their concept to fire. The hard fork give anyone ability to build his own blockchain which was share same merkel root with Ethereum.
That why Ethereum Classsic was born, they resist to the hard fork [4]. For more information about this award, click here. By upvoting this notification, you can help all Steemit users.
Ethereum lie to us. Hard fork Hard fork is the worst thing to blockchain. The separation The hard fork give anyone ability to build his own blockchain which was share same merkel root with Ethereum. At last Ethereum no more a blockchain they have two chains share same merkel root The concept about The World Computer is dead. Now, we have two world computers running on it selft blockchain Ethereum is not decentralized because it was set under control of Ethereum Core.
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