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A comment on Cryptocurrency in the 2020s. Parent comment

Re:Cryptocurrency in the 2020s by RcouF1uZ4gsC on Friday January 03, 2020 @06:23PM (#21951409)
> But we don't want financial transactions to be fully automated and immutable.

And cryptocurrency does not provide immutability anyway. Remember the DAO Ethereum fiasco where they lost a bunch of money and decided to roll it back.

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Re:Cryptocurrency in the 2020s by vinniejames on Friday January 03, 2020 @09:16PM (#21952332)
They didn't roll anything back. That ledger, with the loss, exists today unchanged.

What did happen was a superset of users decided to create a new ledger to run in parallel, containing transactions up until but not including the loss.

The market determined the new ledger to be more valuable

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Re:Cryptocurrency in the 2020s by v64 on Friday January 03, 2020 @06:32PM (#21951466)
This is a legitimate point to bring up, but seeing as how the community rejected a second fork in order to fix a bug in a smart contract that destroyed millions of dollars worth of Ether [1], I feel confident at this point saying that another similar hard fork will not occur.

[1] https://www.cnbc.com/2017/11/08/accidental-bug-may-have-froz...

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Re:Cryptocurrency in the 2020s by hanniabu on Friday January 03, 2020 @09:54PM (#21952497)
Also it wasn't a rollback of the chain. It was the movement of the funds out of the thieves address, which was voted on by the network.
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