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Author Topic: Will Ethereum Foundation "hard fork" to recover the QuadrigaCX $13,000,000 Loss?  (Read 515 times)
Crypto-Marketing (OP)
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June 03, 2017, 10:59:39 PM
 #1

I was chatting with Ethereum Foundation member Hudson Jameson earlier on slack. I asked him this question about a potential HF/Rollback and here's the exchange that got me thinking....

souptacular: I see no reason why someone couldn't code, convince the community, and the community go along with it. At this point no one has asked a core developer (to my knowledge) to include it in any of our meetings or even as a code change in any clients.

ME WITH FOLLOWUP:
The 60K is even simpler. It just got sent to a trapped address. Nobody gets hurt. Will you HF?.

souptacular: I am not sure. As everyone knows, a single person doesn't determine a hard fork, it is a technical change brought on by a community. Speaking on behalf of myself, I see it as unlikely. 186 actually doesn't cover the Quadriga thing though.

Here's my commentary regarding this...

Ethereum Foundation broke immutability to do the DAO rollback. They did it with the horrible optics that they even had insider money at stake (conflict of interest). They did it even though 3rd party monies were involved and it would effectively change ownership without legal due process.
Here we have a situation that there is no conflict of interest. There is no changing of ownership... just rolling back a substantial $13,000,000 mistake that was arguably a result of their own weak coding, and not even the spectre of comflict of interest.

If there was ever a reason to roll back, then this would be it.

And let me make this perfectly clear. I dislike the Rollback and HF. But that was never what really bothered me the most.... it was the insider trading on the info. It was the cavalier disregard for legal process. It was the scammy "voting" process. It was the subsequent "Whitehat" shennanigans. It was the sloppy code that Vitalik and Devs were 100% aware of but kept the community in the dark about.

And it was the obvious conflict of interest. Well, the QuadrigaCX debacle has NONE of that, but it is a huge and substantial loss of money due to an accident. Seems that when the ETH Devs don't have any skin in the game, there is really nothing to get outraged about.

I think QuadrigaCX should demand a rollback. And I am not just saying all of this to sir the pot (although I admit I am rather enjoying that aspect of this), I am saying this becasue now that a precedent has been set by ETH - its time to establish the boundaries. Where are the lines? Who gets bailed out? QuadrigaCX certainly deserves it more than the Stephen Tual Gang did.
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June 04, 2017, 01:17:22 AM
 #2

They should totally bail them out with a rollback. I mean WTF, you break your chain and set the precedent, you gotta live with.  Can't stop now.  And yeah, your arguments make sense.  This is more solid than the dao.  Fork it!
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June 04, 2017, 01:54:41 AM
 #3

Everyone knows that doing another hardfork of this nature will not be a good move for Ethereum. Anyone who is asking for them to do it is trolling. Not saying it is something Ethereum does not deserve.

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