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Ethereum Hard Fork Should Be An Unbiased Community Decision

Avatar newsbtc 4 years ago

The Ethereum ecosystem is still in a state of flux after the attacks against  The DAO. It has become apparent the goal is to execute either a soft or hard fork to resolve this situation. But Peter Todd argues that forking is not the right way to solve this situation.

A lot of people still seem to confuse The DAO with Ethereum and vice versa. The DAO is a project on top of the Ethereum platform, and Ether is the currency used during The DAO’s crowdsale. But that is almost as far as the comparisons go. Unfortunately, the security vulnerability that caused the DAO hack also raised security questions regarding the Ethereum protocol.

The Ethereum Fork Is A Topic of Debate

Interestingly enough, the hard fork solution concept is getting a lot of support. More particularly, the team – who create The DAO – and Vitalik Buterin seem for this solution. That is rather strange, as a hard fork would set a dangerous precedent for Ethereum.

Peter Todd mentions how it appears as if Ethereum miners have executed the first part of the proposed fork already. Funds taken from the DAO is blacklisted through a soft fork, so transactions attempting to move this funds are automatically deemed invalid. Moreover, the miners are no longer mining network blocks on top of the existing blocks containing drained funds from The DAO.

A lot of people are expressing their concern over the Ethereum fork idea. Decision-making of such proportions should be left to the community, rather than a handful of developers. Keeping in mind how several Ethereum developers have invested in The DAO, it is only normal they want to get their money back at all costs. Freezing funds is already taking things to a gray area. If law enforcement would come asking for a similar outcome, who is to say the Ethereum developers will say no to that request?

No Turning Back From A Hard Fork

As previously mentioned, a hard fork is different from freezing funds. In a way, using a hard fork lets Ethereum developers create value out of thin air. The community poll seems to be for forking, but it is impossible to trust the results of such a poll these days.

Ethereum and Bitcoin are designed to be community-driven, which also includes decision-making voting. Developers hold a lot of power to do as they see fit, and a fork should not be pre-programmed by any means. Peter Todd is for using a coin vote system, baked into the Ethereum protocol. Human intervention in decentralized systems is not something to look forward to.

Source: Peter Todd

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