Re:Ethereum hard fork successful with mining majority
by arisAlexis on Wednesday July 20, 2016 @07:29PM
(#12133368)
No reason not to fork? This is 100% against everything the crypto world is all about
Re:Ethereum hard fork successful with mining majority
by baby on Thursday July 21, 2016 @12:01AM
(#12134552)
> This is 100% against everything the crypto world is all about
That statement came out of nowhere :D care to expand?
Re:Ethereum hard fork successful with mining majority
by arisAlexis on Thursday July 21, 2016 @02:37AM
(#12135157)
Not sure why I nee to expand.Crypto is about immutability and decentralization. If you see no reason for that I see no reason to explain. the hard fork was for getting money back.
Re:Ethereum hard fork successful with mining majority
by baby on Thursday July 21, 2016 @02:33PM
(#12138954)
> Crypto is about immutability and decentralization
if crypto was about immutability, then we wouldn't have things like homomorphic encryption would we :)?
Decentralization? A hard fork is something that only happens because of decentralization. If your system was centralized you would never have seen a hard fork.
This basically answers your question. A few pointers:
* you cannot do a hard fork alone, if no one follows you it own't work. You need the majority (to become the majority fork)
* hard forking, soft forking, are always possibilities that can happen at any moment (same for bitcoin)
* There was no reason not to fork at this point. Ethereum is at an early stage. Bitcoin had the same thing happened to it during its birth stage.
* If you cannot have confidence in this system because you were planning to "steal", then wait until the system gets bigger so that not enough people get affected by your theft
* If you cannot have confidence in this system because you were planning to truly write smart contracts or use them in a legit way. Then wait until the system gets bigger as well.