What the young man is unable to comprehend is that an immutable, non-reversable blockchain is more valuable than fixing a $60 million loss for people who actually deserved it due to negligence and an inability to put forth proper security protocols while having a fiduciary responsibility to ensure the funds safety.
Lehman Brothers, Bear Sterns come to mind.
I am sure to Vitalik, $60 million is a lot of money and he wants 'to do the right thing.' What he has done however is unwittingly and unknowingly removed himself from the helm of Ethereum. Ethereum simply can't be trusted any longer as its community may reverse transactions that "have been executed by Muslims, or French people or maybe blacks," especially if the 51% consensus is a gathering of 19-32 year old white males? Where does it end?
It ends with Ethereum Classic. Kudos to the visionaries who understand that the betterment of the many lies in an immutable blockchain which stands the chance to make trillions.
Subsidizing idiocy is not a valuable proposition.
What a crock load of FUD. Lehman Brothers, Bear Sterns come to mind.
I am sure to Vitalik, $60 million is a lot of money and he wants 'to do the right thing.' What he has done however is unwittingly and unknowingly removed himself from the helm of Ethereum. Ethereum simply can't be trusted any longer as its community may reverse transactions that "have been executed by Muslims, or French people or maybe blacks," especially if the 51% consensus is a gathering of 19-32 year old white males? Where does it end?
It ends with Ethereum Classic. Kudos to the visionaries who understand that the betterment of the many lies in an immutable blockchain which stands the chance to make trillions.
Subsidizing idiocy is not a valuable proposition.
