How long do you think a bank would last if it was robbed and told its customers, "too bad. Your money is gone"? Banks make customers whole and customers have confidence in the banks in return.
All this talk about whether code is a contract or not is just nonsense. If someone takes something that is not his he is a thief and any court will conclude that. Whoever stole these ETH did not ask permission and clearly exploited a flaw to get the ETH. Just because a bank leaves a vault unlocked by mistake one night does not mean you or anyone else has a right to go in and take what you want. Basic concepts of larceny trump this ridiculous claim that the thief was allowed to take something that was not his and no, possession is not 90% of the law.
I didn't lose anything in this theft, but other people did and I bet the people saying let the thief keep his ill gotten gains are not the big losers from the theft. In fact, from what I keep reading it sounds like some people want to profit from the demise of ETH.
A hard fork may be painful but its a growing pain and there is an old expression, no pain, no gain. In other words this could be a lesson learned our it could be a fatal mistake. Let this thief and any other thief who thinks about exploiting another bug in the code know that their dishonest intentions will not be rewarded. This tells the investors in ETH that the community has their backs when something goes wrong.
1st: it's not a bank but is supposed to be a decentralized ledger that's hard to tamper with (it failed in being that) And an experimental one! You can't compare a software-experiment to a bank, really you can't.
2nd: You say the hacker took something when the contract gave it to him. There is a difference in "taking something" and "being given something".
I would compare this incident more with a broken vending machine in a public space that happens to give customers more money than they put in. The hacker didn't break into any systems, right?
You invested in a broken vending machine in a public space without any insurances.
3rd: he asked permisson and it was granted by the code which is supposed to be the only law according to eth sources or how else does one 'ask permission'? LOL. "Asking permission to execute code". You're killing me , smalls. Nearly falling off my chair laughing.
4th: what do you think where would be bitcoin today if it wasn't secure?
It is really: you weren't fully informed about the risks of the investement by those advertising it and now you're upset. You also failed doing due dilligence.
I didn't invest in it because i made my due dilligence, listened to the experts and came to the conclusion you're a retard for investing in that. Now it turns out i was right. What's your butthurt about? The red flags were everywhere.
You're barking at the wrong tree, mate. Hold those responsible who were advertising it as 'the best investement of the decade'.