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RE: The largest political “alt” isn’t left or right.
Many, including myself, would disagree with you when it comes to the hack not being theft; to each, their own opinions.
The beauty about blockchains is when we disagree, we can hardfork and go our separate ways. No side needs to be right, no need for majority wins. Every side gets their own blockchain. The only compromise is the name and symbol to be used by exchanges and wallets and that is also the choice of the individual developers and not some market authority.
Absolutely that is the beauty of blockchains....Although I said what i said about ETH not because i'm gauging morality or anything. Simply assessing which chains will have the most longevity. At the very least, the ETH fork was contentious, hard to argue with that. It didn't respect immutability. Long term that creates a big risk that ETC and other projects don't have. The contentious fork was only possible because the community is following people, the developers, and thereby the price will always be subjected to their lives. When they die, switch, have scandals, the coin value is at risk. Immutable coins are centered around decentralization, not people.
I also would worry what happens when there is a major scandal at an ETH ICO. Same situation occurs again, people bought something risky and lost everything. Will the devs do another roll back and again change the ledger? Seems to me that an ICO fail is bound to happen, they can't just do a reset every time people want their money back. At some point investors would lose faith in such a thing as it'd be not much different than a database.
It seems to me that ETH is popular with the establishment because of the pull back.
The institutions working to integrate ETH are confident that in the event that they fuck up on a grand scale, the ETH community has shown to be willing to go against immutability in order to correct their grand mistakes.
Immutability is not friendly to institutional money i.e. quantitative easying money.
Sorry missed this comment. Love it! Very true.....its one of those things and a long time complaint of bitcoin. Its absolute, so when you fuck up there's no going back. Trustless is too scary of a concept for most- especially those with a lot to lose!