Only now getting up to speed on the suggestion of creating a formal ERP (Ethereum Recovery Proposal) procedure for recovering ETH lost to mistakes, bugs etc. IMO going down this path would be very dangerous. Yoichi resigned as an EIP editor because of the legal uncertainty.https://twitter.com/pirapira/status/963950687288733697 …
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Political analogies in this field seriously suck, but one comes to mind anyway: the difference between special legislation (fixing a particular case which should properly dealt with by courts) vs. general legislation.
ERP is an amateur court that lacks the most basic procedural protections one learns in the first year of law school: notice to affected parties, criteria for quality of evidence, etc.
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ERP has no reliable or secure way to verify the supposedly required "real" names, nor to map them to social media nyms, nor to securely map these to the impacted Ethereum addresses. For this and many other reasons it would be a ripe target for fraudulent claims.
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These are good points. I hope we strive to build worthy self-governance, learning from courts. To summarize, a) stick to general policies rather than specific meddling, b) "status quo" is a prudent default, c) beyond that requires better process?
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Stick to general dry code: that is what software engineers know how to do. Don't mess with particular balances: that is a job lawyers and accountants know how to do, to the extent anyone does.
End of conversation
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