Re:When Bitcoin miners take over a town (2018)
by zapdrive on Sunday February 21, 2021 @07:49PM
(#26219123)
Bitcoin did not break any "technicality". Technically speaking, the chain with most work is to be considered valid. What they did back then was, a bunch of miners got together and created an alternate chain with more work. So it's still technically the correct/longest chain. On the other hand, Ethereum just plain broke the sanctity by basically creating a chain that contains a transaction without a valid signature.
This has always been my biggest sticking point with cryptocurrencies. It doesn't take into account that sometimes you need to fix a mistake.
Cryptos also have a usability problem. If you forget your login credentials you lose access to your account. If you forgot your credentials at a regular bank, they have multiple avenues for figuring out if you are who you say you are. Eg post etc.