Especially in the context of technology with the sole mission to minimize if not eliminate a need for trust. Irony.
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I agree. Am surprised that some very smart people don't see that as a problem.
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IMO, we should step back and consider the future. Imagine a successful chain that's being used by the general public... Ok? Now imagine someone's housing deposit gets stuck in a Parity wallet? Immutables mistakes are just that... It's about governance not immutability
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If system does not maintain the ledger exclusively, humans can override it, there are much more efficient system architectures to use. You don't need decentralization, data replication and mining. It's sole purpose is to remove need for trust.
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So the question is, how will the public ever trust a system that enables immutable mistakes? Can you imagine such a system being widely adopted, being trusted? I was asked at a conference, we are witnessing $100's millions being hacked, why is this better what we have?
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"Why is this better than what we have? It's NOT better until the removal of Centralized exchanges. Or at least where centralized exchanges are no longer the norm.
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Agreed BUT we still remain vulnerable to hack and run of any collection of tokens and developer errors (immutable mistakes). When a bank fucks up, they roll back... The question is, what do we do. The public, when given the choice will vote for safety.
End of conversation
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Ethereum already took the Recovery road with TheDAO and failed with their initial concept. The Ethereum Foundation supported a recovery, Ethereum Classic have enforced this zero-trust mission.
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