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Author Topic: Should the Ethereum Community allow for a hardfork because of Parity hack?  (Read 121 times)
coinbureau (OP)
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December 15, 2017, 04:59:49 AM
 #1

The parity team has now claimed, after much analysis, that the only way the frozen eth can be unfrozen is through a hardfork of the network. Should the community allow this? Will it create a moral hazard? What about for those whos coins were locked up? Hard to decide...


https://www.coinbureau.com/smart-contracts/parity-ethereum-foundation-one-hard-fork-please/
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December 15, 2017, 02:03:23 PM
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Users who had their funds frozen by the July hacker attack on Parity's portfolios developed by Gavin Wood, one of Ethereum's founders, may have their funds recovered, according to a new company announcement released this week on Parity's official blog . At the time about $ 275 million in Ethereum were stolen from their owners.
To solve the problem and return the funds to its users a hard fork, it will need to be done on the platform, noting that a "hard fork" is just an update and not necessarily the creation of a new currency as we have seen with Bitcoin . In Hard Fork, everyone should perform the proposed updates, in the case of Parity, a protocol is currently under review as possible fixes in the protocol for the Ethereum virtual machine (EVM).
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December 15, 2017, 02:18:07 PM
 #3

When hardfork will be held? I think it is just hoax of the near time will be held. If hardfork truelly we have many coins and we can not doing transaction for many times Smiley
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December 15, 2017, 02:27:16 PM
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Users who had their funds frozen by the July hacker attack on Parity's portfolios developed by Gavin Wood, one of Ethereum's founders, may have their funds recovered, according to a new company announcement released this week on Parity's official blog . At the time about $ 275 million in Ethereum were stolen from their owners.
To solve the problem and return the funds to its users a hard fork, it will need to be done on the platform, noting that a "hard fork" is just an update and not necessarily the creation of a new currency as we have seen with Bitcoin . In Hard Fork, everyone should perform the proposed updates, in the case of Parity, a protocol is currently under review as possible fixes in the protocol for the Ethereum virtual machine (EVM).
Let's wait the more update about the parity's problem. I hope the hardfork is not only the way to fix the parity hack problem. The recent bitcoin hardfork coins just another crap coin that generates to earn the money form the bitcoin holders. If the bitcoin holders get free coin and there will be a big hype and that brings a lot of value for the fork coin. But it was absolutely nothing.

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asayoyaasa
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December 15, 2017, 02:37:13 PM
 #5

does it just create new coin instead of ethereum ? i still confuse with hardfork thing and how its work

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December 15, 2017, 02:50:02 PM
 #6

Is this the best way to solve this problem? Or they are just making excuse in getting a new coin in progress or because Ethereum is now sinking they need an escape goat to put the blame on it, what I see is the recent bitcoin Hard Form they say that it will sure make bitcoin great and would update bitcoin's core to make fees smaller and transaction faster but I think it is not resolve yet and made a newer coin that are claiming it is the new bitcoin, well hoping this can solve the problem and not making it worst.
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