> The currency survived a crisis of credibility after a bug was discovered in 2016
This is my primary worry with cryptocurrency, what if there is a bug in the code which do unexpected things and destroy the value completely.
This is my primary worry with cryptocurrency, what if there is a bug in the code which do unexpected things and destroy the value completely.
The fork happened because the community decided the smart contract in question was important enough to the survival of Ethereum that it'd be worth essentially backing out the contract (in a roundabout way)
It's* also worth noting that currencies like Ethereum actually fork all the time. The only worthwhile ones are the forks with mass support, which in Eth's case is usually the latest one supported by the foundation/Vitalik and in Bitcoin's case are Core and Cash (the forks supported by Blockstream and the community fork centered around scaling the block limit, respectively)
Agree with the article title, but the 'fiat' in question is community fiat.
Besides, what's interesting is that it has survived major bugs, again and again. Doesn't that say something? Seems quite resilient to me.
Can that technology double number of dollars in the world right now?