Topic: reorg (Read 169 times)
In the tweet on May 7th, Zhao mentioned that Binance had decided against a reorg, but then briefly pro-conned the situation.
On the pro side, by implementing a reorg, Binance could punish the hackers by moving the fees onto them. This would also act as a deterrent against future attacks, and would also test the reaction of the Bitcoin network to a reorg event.
On the con side, Zhao acknowledged that a reorg event might damage Bitcoin?s credibility, as well as potentially causing a permanent split in not only the Bitcoin blockchain but in the cryptocurrency community too.
how should we all think of it as a community
On the pro side, by implementing a reorg, Binance could punish the hackers by moving the fees onto them. This would also act as a deterrent against future attacks, and would also test the reaction of the Bitcoin network to a reorg event.
On the con side, Zhao acknowledged that a reorg event might damage Bitcoin?s credibility, as well as potentially causing a permanent split in not only the Bitcoin blockchain but in the cryptocurrency community too.
how should we all think of it as a community
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