Vitalik Buterin’s Hard Fork Poll Confirms a Blockchain Bailout Isn’t Acceptable Anymore

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Hard forks are a pretty common occurrence in the cryptocurrency industry. More often than not, it is the only viable and secure way of introducing core changes to a protocol or introduce specific features. Vitalik Buterin recently conducted a Twitter poll to determine if users would approve of another DAO-style fork if push came to shove It is evident that that is far from the case. No More DAO Bailouts It is interesting to see how cryptocurrency enthusiasts can have different opinions. The recent Twitter poll by Vitlaik Buterin illustrates this scenario very clearly. He wonders if a DAO-style bailout would be acceptable in a specific scenario That scenario would envision a popular smart contract wallet getting hacked. The fork would then be used to revert all chain activity following this security incident. Although reverting the transactions would ensure user funds are safe, it also creates a much bigger problem.…

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