You are viewing a single comment's thread from:

RE: DAO Attacker Has Drained ETC DAO (Classic)

in #crypto-news8 years ago

Bailouts are taking from the many to support the few with the idea that it is good for the many. In this case, the HF undid a theft effectively. But it's even more benign than that -- at the consensus level, basically everyone on the old chain agreed to move to the new chain and leave behind the attack and the attacker. Currencies and blockchains have no value without the people involved and they can always leave go in a different direction.