Comments on: Why the Ethereum/DAO Hack Proves They Are Better Than Banks https://blog.p2pfoundation.net/ethereumdao-hack-proves-better-banks/2016/06/18 Researching, documenting and promoting peer to peer practices Sun, 19 Jun 2016 16:26:25 +0000 hourly 1 https://wordpress.org/?v=5.5.15 By: Alan Graham https://blog.p2pfoundation.net/ethereumdao-hack-proves-better-banks/2016/06/18/comment-page-1#comment-1577054 Sun, 19 Jun 2016 11:10:38 +0000 https://blog.p2pfoundation.net/?p=57195#comment-1577054 If your main selling point, in their words is:

“Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference.”

And all of a sudden one single smart contract brings the entire system to a halt by a third party, effectively censoring the “hacker” because of a possible fraud, you have proven your system is flawed.

]]> By: Michael Lewis https://blog.p2pfoundation.net/ethereumdao-hack-proves-better-banks/2016/06/18/comment-page-1#comment-1577049 Sat, 18 Jun 2016 19:37:17 +0000 https://blog.p2pfoundation.net/?p=57195#comment-1577049 Can’t say I understand it all Paul but your point is fascinating – from resilience to anti-fragility. If what you say about their claim turns out to be the case, and I know nothing to be able to assess it, it is indeed a curious tech. feature which will give rise to much reflection as we persist in our efforts to figure out pathways out of our collective mess.

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