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A comment on BitFinex down due to Bitcoin security breach - 120k BTC stolen. Parent comment

Re:BitFinex down due to Bitcoin security breach - 120k BTC s... by natrius on Tuesday August 02, 2016 @08:47PM (#12214660)
Blockchains require the will of the people. You can't force people to acknowledge numbers just because they're written down somewhere unless you point a gun at them. If the people you want to interact with start looking at a different source of truth, you can't stop them.

Despite this fundamental truth, blockchains are extremely useful.

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Re:BitFinex down due to Bitcoin security breach - 120k BTC s... by abstractbeliefs on Tuesday August 02, 2016 @08:52PM (#12214685)
I can accept this, but it means that smart contracts can't be trusted. Ethereum can't have it both ways, despite saying they can.
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Re:BitFinex down due to Bitcoin security breach - 120k BTC s... by natrius on Tuesday August 02, 2016 @08:55PM (#12214697)
That's reasonable enough. I think when there are contracts people actually want to use, no one will be turned away by the small chance that the entire ecosystem will maliciously alter that contract.
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