After reading @VladZamfir’s article fully I’m more convinced that we need @NickSzabo4 principles to avoid having populist Blockchain takeovers by absurdist trolls since you never know what they will come up with next.
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That sounds more achievable by the design of the contract itself rather than abstracting it out to a middle layer which can handle reversals. I think formally verified contract templates is more of a viable solution with middleware which purely handles data and trigger points.
With all the political lobbying to make smart contracts reversible, I'm surprised that more people haven't written more code into their smart contracts to make all or some of their actions reversible. It is probably harder than it sounds though and a library would be useful.
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The DAO fork was certainly a right move within the Ethereum community context. It would have been handle better with a more transparent and auditable community decision within the ETH ledger itself.
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Absolutely agree. For example a once off mutualization of loses through currency creation in a soft fork. Like central banks do.
End of conversation
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It's quite easy in fact although reversible is a very wrong word for it. It's all about describing behavior. But for it to work, it is essential that the underlying infrastructure layer is as resilient as possible against any history rewritings.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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That's also what we do
@mtpelerin
End of conversation
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