Twitter Wants to Know What Could Happen to ETH if Hard Fork Is Ordered, Vitalik Buterin Responds
Decentralization is a critical and necessary piece to the crypto industry, though there are many platforms that the public does not believe follows these rules. Ethereum is one of the most widely debated platforms over their alleged decentralization.
The first circumstance was concerning if the United States government decided to order a hard fork, in which the users impacted by the parity bug would have access once again. The other circumstance was about what would happen if Buterin did not follow through with the order.
Honest question: what would happen if a US court orders Vitalik to hard fork ETH to allow people who lost money on the parity bug to recover it? Further, what happens if Vitalik refuses, is found in contempt and starts sitting in jail?
— Jimmy Song (송재준) (@jimmysong) April 11, 2019
In November 2017, a bug was triggered accidentally in Parity multi-sig wallet. Over $280 million worth of Ethereum was frozen, of which $150 million was meant for a Polkadot. Those funds were accumulated during an initial coin offering (ICO).
These questions gained plenty of attention from the Ethereum community, though the rest of crypto Twitter chimed in as well. Buterin finally caught wind of the post, though he said that he had addressed these questions before, posting a link to a video of TechCrunch 2018.
In the video, users can watch as Buterin speaks on:
“Decentralization in the face of threats.” He discusses a hypothetical situation in which a third-party aimed a gun as his head, demanding a hard fork patch to be implemented. In this scenario, he admitted that he would ultimately write the patch, doing “everything they say.” He pointed out that there were few hands raised when he asked if there were people willing to download and install the new software to switch, adding, “This is called Decentralization.”
A user commented on his post, saying that it is not difficult to “code up” a hard fork. However, the community ultimately has to choose for themselves if they want to run the former software of the upgrade, adding that the users choose the version “in the end,” rather than Buterin.
Still, this brought up some questions about the DAO hack some time ago, leading to the chain split of Ethereum.