Ethereum, the heated debate

Currently, ETH is in the spotlight for change. And, it's on many fronts.

One they're currently trying to implement is a contraversial issue, 'loss recovery'
Yeah- the ETH team, is talking about helping users recover losses.
Including the over 650,000ETH that MyEtherWallet has lost.

This, is a hard call. How will they verify it was actually your wallet?
How will they replay that?
Can this be used to reverse transactions that are sent to others for legitamate transactions?

I'm sorry, but isn't a core element of blockchain to not have to worry about people doing things like this?
I'm not saying it's not possible. I'm not saying it shouldn't be a thing.
I'm saying, I don't trust the ETH team to do it well.
Neither does one of their members.

Yoichi Hirai, a core ETH dev has recently stepped down from ETH citing legal concerns.

"Some EIP editors look nonchalant about legal consequences of this draft, but I have warned them, and I have no capacities to do anything more than warn them ... I resign from the post of an EIP editor."

He doesn't believe it aligns with the core Ethereum philosophy, then later wrote- adjusting his statement that 'I was able to ignore my interpretation of the ethereum philosophy but I cannot ignore the penal code.'

He's urged the public to get involved in the debate.

Vitalik even tweeted,

"To those who thought that the DAO fork set an unbounded slippery slope and lasting precedent, I encourage you to see the reactions on this thread."

They KNOW this is crazy.. And this is exactly what most feared with the DAO fork. I have a feeling this could set ETC up for a slam dunk if they do not course correct in some fashion.

Charles Cooper with ETC wrote

"If this process exists then ethereum can no longer be called a blockchain, it is just a central bank which happens to use miners to validate the majority of transactions."

Which, could very well become the precedent if unchecked.

This is a scary pivotal moment in blockchain, and I believe it's the PEOPLES duty to weigh in on this issue, how do you feel about this? Let us know in the comments below..

Let's gather some voices of STEEM to weigh in on this HUGE event in blockchain history in the making.

Article on Yoichi Hirai stepping down from core ETH dev team:
https://www.coindesk.com/ethereum-developer-resigns-as-code-editor-citing-legal-concerns/?utm_content=buffer22cf7&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

ETH trying to implement fund recovery system
https://www.coindesk.com/high-stakes-ethereums-fight-lost-funds-explained/