Re:Ethereum hard fork successful with mining majority
by lajarre on Thursday July 21, 2016 @05:55AM
(#12135809)
> the 51% can take control of the chain
This argument seems fallacious and off-the-point in this context.
Isn't the goal of a contract to precisely bypass the 51% control thing (a distributed consensus rule, needed for mining), by defining its own explicit rules?
> Democracy; it sucks, but it sucks less than everything else
More profoundly, isn't the essence of such systems to go beyond democracy, and allow for new governance paradigms?
This argument seems fallacious and off-the-point in this context.
Isn't the goal of a contract to precisely bypass the 51% control thing (a distributed consensus rule, needed for mining), by defining its own explicit rules?
> Democracy; it sucks, but it sucks less than everything else
More profoundly, isn't the essence of such systems to go beyond democracy, and allow for new governance paradigms?