Re:Smart contracts on Bitcoin
by Acrobatic_Road on Thursday January 14, 2021 @04:27PM
(#25782848)
Maybe under very exceptional circumstances, i.e. a systemic network risk. Since the DAO fiasco we've had a number of high profile incidents and the community has rejected stepping in (look at the failure of EIP 999). I'm not sure if there's presently anything on Ethereum, that should it fail, would be as bad as the DAO failure. Maybe MakerDAO?
[ Parent
| on HN ]
>Maybe under very exceptional circumstances, i.e. a systemic network risk.
that sounds awfully like the justification for bank bailouts.
I think they meant more system technical risk than financial. as in, a change to prevent bypassing private key checks, or minting quadrillions of BTC / ETH beyond the issuance schedule.
Re:Smart contracts on Bitcoin
by Acrobatic_Road on Thursday January 14, 2021 @04:43PM
(#25783052)
If they didn't go forward with the DAO fork, I'm not sure Ethereum would even exist today.