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A comment on Did I just lose half a million dollars?. Parent comment

Re:Did I just lose half a million dollars? by shadowgovt on Sunday January 30, 2022 @12:41PM (#30139222)
Specifically, it forked because even though the system is specifically designed to make rewriting history impossible, the hackers screwed so many users that they decided to undo it by ignoring history and starting from before the hack.

... Lest anyone ever think Blockchain tech is somehow immune to network effects and social considerations.

[ Parent | on HN ]
Re:Did I just lose half a million dollars? by drdeca on Sunday January 30, 2022 @08:12PM (#30143236)
Technically, rather than ignoring history and starting from before the hack, they added a nonstandard transaction (not generally allowed) which reversed the effects of the hack. This did not revert other transactions that happened after the hack.

But, yes, blockchain stuff is fundamentally based on consensus about what the rules are, and people/organizations with more social influence can [...] .

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