Personally I'd love a solution where provably burned supply can be restored with the next planned hardfork, but only like 90% or something so that it's still painfull. Perhaps 10% going to the foundation to pay for a bigger code audit department
Topic: The $280M Ethereum's Parity bug!!ur propose solution (Read 237 times)
there will need to be some mechanism to solve problems like that for blockchain to gain adoption in the business/financial world.
Personally I'd love a solution where provably burned supply can be restored with the next planned hardfork, but only like 90% or something so that it's still painfull. Perhaps 10% going to the foundation to pay for a bigger code audit department
Personally I'd love a solution where provably burned supply can be restored with the next planned hardfork, but only like 90% or something so that it's still painfull. Perhaps 10% going to the foundation to pay for a bigger code audit department
Now I'm really happy that I didn't invest in polkadot 
Parity creator is also Polkadot founder.
Parity creator is also Polkadot founder.
it's not a bug - it's a feature : ) Limiting coins in circulation may be a great relief for eth (bag)holders... but to be serious - EIP is a more acceptable solution as hard forking on every fool production errors appearance would destabilize market. Doing nothing could bring an unnecessary critics but is certainly more 'decentralized' way of thinking. But hey, ETH is not very decentralized already :<
Whatever king V says shall come to pass. This parity debacle is truly out of the frying pan into the fire, it's horrible for parity users and even worse for Ethereum. It's a hard decision to make, but I think the "third party software users beware" comes out on top at the end.
it's not a bug - it's a feature : ) Limiting coins in circulation may be a great relief for eth (bag)holders... but to be serious - EIP is a more acceptable solution as hard forking on every fool production errors appearance would destabilize market. Doing nothing could bring an unnecessary critics but is certainly more 'decentralized' way of thinking. But hey, ETH is not very decentralized already :<
No solution needed here. Shouldn't use 3rd party wallets imo.
Also, the "noob dev" shouldn't have been messing around in production - they have dev environments for that.
If they don't, then literally zero people should use their wallet
Also, the "noob dev" shouldn't have been messing around in production - they have dev environments for that.
If they don't, then literally zero people should use their wallet
In an absolutely horrendous technical blunder, hundreds of millions of dollars worth of Ethereum were frozen after an ordinary user accidentally exploited a vulnerability in popular Ether wallet, Parity.
The glitch has left thousands of users using multisignature wallets created after July 20 locked out of their accounts – and without any viable way to move their funds to alternative wallets.the total amount of frozen funds is between $150 and $280 million.
My propose solution is the Ethereum Improvement Proposal 156 – a proposed emergency protocol for recovering locked-up Ether written by none other than Buterin although the proposal would need to undergo minor changes before it can be implemented accordingly.WHAT is yours
The glitch has left thousands of users using multisignature wallets created after July 20 locked out of their accounts – and without any viable way to move their funds to alternative wallets.the total amount of frozen funds is between $150 and $280 million.
My propose solution is the Ethereum Improvement Proposal 156 – a proposed emergency protocol for recovering locked-up Ether written by none other than Buterin although the proposal would need to undergo minor changes before it can be implemented accordingly.WHAT is yours
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