The under appreciated thing about the DAO hack is that it was kind enough to give everyone a 30 day grace period to discuss how to handle it at length. Kind of wild how convenient it was as a learning experience. (Not sure the lesson sank in though).

With a straight up wallet theft, the funds start circulating, exchanging and mixing immediately, there’s just no way you could simply “roll it back”, even if there was unanimous agreement.

.@VitalikButerin will you advocate to roll back the chain to help @Bybit_Official ?

@VitalikButerin @Bybit_Official My own view as a mega $ETH bag holder is $ETH stopped being money in 2016 after the DAO hack hardfork. If the community wanted to do it again, I would support it because we already voted no on immutability in 2016 y not do it again?

Arthur Hayes

The under appreciated thing about the DAO hack is that it was kind enough to give everyone a 30 day grace period to discuss how to handle it at length. Kind of wild how convenient it was as a learning experience. (Not sure the lesson sank in though).

With a straight up wallet theft, the funds start circulating, exchanging and mixing immediately, there’s just no way you could simply “roll it back”, even if there was unanimous agreement.

https://x.com/CryptoHayes/status/1893070933482737805

Pragmatism (Security) at OP Labs.
Prev: ConsenSys & Coinbase.

Attribs: Friendly, curious, introverted, mid-witted.
Chans: /eth-security /maurelian /stoicism




Interested in ZK, FHE, PUFs, hardware, system design, ai safety, and smart contact security.

Yeah, Parity is the one that comes to mind

"why not do it again" I mean the situation has come up many times since, specifically thinking of parity rn, we didn't do it again then either