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Author Topic: Bitcoin should hardfork to return the funds to Bitfinex.  (Read 691 times)
alani123 (OP)
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August 03, 2016, 04:17:12 AM
Last edit: August 03, 2016, 06:34:51 AM by alani123
 #1

After seeing how wonderfully the hardfork to return funds stolen from The Dao to their rightful owners worked for ethereum, bitcoin should do the same in response to the Bitfinex breech.

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Jonaswakefield
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August 03, 2016, 04:35:51 AM
 #2

Maybe /r/btcfork would appreciate this sentiment. I haven't been able to find anything concrete about this planned split. Does anyone here know anything?
ebliever
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August 03, 2016, 05:03:08 AM
 #3

Ha. Ha. Ha.

No.

Luke 12:15-21

Ephesians 2:8-9
TraderETH
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August 03, 2016, 05:07:35 AM
 #4

It is immposible bitcoin is not ethereum who can be hardforked, in my opinion the falilure of ethereum because of hardfork. And because of bitcoin can not be hardfork it is still survive. Ha.. ha.. ha..
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August 03, 2016, 07:16:08 AM
 #5

again with this thing!

there is no UNDO button in bitcoin nor in the real world accept your losses and stop making the same mistake again. stop putting your money on an online exchange service. if you aren't the only owner of the private keys you don't own bitcoin.

also stop comparing bitcoin with ethereum and its hard fork. that fork was because of the flaw in ethereum itself not a third party exchange site that lost their money.

if we are going to fork bitcoin every time someone loses money there will be thousands of bitcoin fork in a month because everybody will start saying I lost my money because I made an oopsie Grin

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NorrisK
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August 03, 2016, 07:20:23 AM
 #6

TS is being sarcastic of course..

Bitcoin will never rollback for a security breach like this. There is also a major difference between the fork that was performed to save the DAO funds and the fork that would be needed here.

The Ethereum fork did not roll back any transaction at all, it only made sure that the DAO funds were placed in a new contract with a withdraw only function. A fork on the bitcoin network to save the funds of the fenix hack would mean rolling back all blocks up until the hack. This is completely unrealistic due to the shear amount of money switching hands and deals made that would be compromised.

Also, most likely, the bitcoin developers don't hold a massive share of bitfenix coins like the ethereum developers did with DAO so there is no conflict of interest to fork.
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August 03, 2016, 07:38:54 AM
 #7

If bitcoin would hardfork to return the funds every time some exchange is hacked, Bitcoin would fail and die miserably.
You should never leave large amounts of Bitcoins or other altcoins on exchanges as a use of wallet, if you don't use them
to trade move them to a safe offline wallet.


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7788bitcoin
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August 03, 2016, 07:42:43 AM
 #8

Totally agree that bitcoin will not hardfork just because of Bitfinex.

The hard fork of Ethereum is necessary because DAO is the only important "Application" of Ethereum. However, in bitcoin world, Bitfinex is just one of the many many players and no one will care about it being hacked. After all, it was the system of the exchange that was hacked- Bitcoin has not been hacked before.
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August 03, 2016, 08:10:26 AM
 #9

Hell no

(I am a 1MB block supporter who thinks all users should be using Full-Node clients)
Avoid the XT shills, they only want to destroy bitcoin, their hubris and greed will destroy us.
Know your adversary https://www.youtube.com/watch?v=BKorP55Aqvg
kik1977
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August 03, 2016, 08:14:56 AM
 #10

This is a sarcastic post, isn't it?

We are like butterflies who flutter for a day and think it is forever
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August 03, 2016, 08:21:00 AM
 #11

Totally agree that bitcoin will not hardfork just because of Bitfinex.

The hard fork of Ethereum is necessary because DAO is the only important "Application" of Ethereum. However, in bitcoin world, Bitfinex is just one of the many many players and no one will care about it being hacked. After all, it was the system of the exchange that was hacked- Bitcoin has not been hacked before.
For me the hard fork of Ethereum would be exactly the same as a hardfork for bitfinex. Some people lost money, because they put too much trust in an organism, they are bitter about it and decide to change the rules so they can have their money back.

If big names of bitcoin were concerned, a fork would be discussed.



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