153k Ether Stolen in Parity Multi-Sig Attack

Re:153k Ether Stolen in Parity Multi-Sig Attack by twblalock on Wednesday July 19, 2017 @05:12PM (#14807983)

Dollars don't purport to have a blockchain or immutable transactions. Ethereum does. Ethereum needs to live up to the standards it has set for itself.

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Re:153k Ether Stolen in Parity Multi-Sig Attack by avaer on Wednesday July 19, 2017 @05:17PM (#14808020)

That ship sailed a while ago. Ethereum has already used its market position to de facto interfere with the transactions they declare immutable on the project home page. [1]

[1] https://blog.ethereum.org/2016/06/17/critical-update-re-dao-...

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Re:153k Ether Stolen in Parity Multi-Sig Attack by Kenji on Wednesday July 19, 2017 @05:33PM (#14808163)

Oh, yeah, I forgot. Dollars are much better; a central bank (actually, any bank) can create arbitrarily many of them and flood the other banks and the market with cheap money, causing things like the subprime crisis. Much better than crypto currencies.

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Re:153k Ether Stolen in Parity Multi-Sig Attack by ceejayoz on Wednesday July 19, 2017 @10:44PM (#14809699)

That's... not how the subprime crisis happened.

Printing money was part of how we got out of it. https://en.wikipedia.org/wiki/Quantitative_easing

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Re:153k Ether Stolen in Parity Multi-Sig Attack by Retra on Wednesday July 19, 2017 @10:43PM (#14809696)

Airplanes can fall out of the sky at any moment, but you're still less likely to be hit by one than if you're standing on a rail waiting for a train to dodge around you.

Inflexibility is not an advantage unless you're dealing with formally describable, proven systems. Human behavior and economics are not.

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