Re:Another successful DAO attack recursive split
by darawk on Sunday June 19, 2016 @01:55PM
(#11933838)
It isn't true that they have no recourse. The miners can simply refuse to upgrade, or people can make new forks of their own. That is the best kind of oversight - the ability to fork the currency.
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Re:Another successful DAO attack recursive split
by abritinthebay on Sunday June 19, 2016 @02:02PM
(#11933871)
Which dilutes it's utility, marketplace, and value.
Not a great idea for a currency.
Re:Another successful DAO attack recursive split
by darawk on Sunday June 19, 2016 @03:04PM
(#11934178)
How does it do any of those things? Provided a fork is sufficiently rare, as it should be, because the threat of a fork is enough to mostly keep it from happening - it should have minimal impact on any of those things.
You could equally say that the threat of collapse of the US government dilutes the utility, marketplace and value of the US dollar. Sure, it's true, but it's irrelevant.
Re:Another successful DAO attack recursive split
by abritinthebay on Sunday June 19, 2016 @05:34PM
(#11934799)
Well yes, if they don't actually fork it's not a problem. If people DO and do it more than once then it is.
You're... kind of agreeing with me here.
The reason a threat of a fork works is because it had the results I mentioned.