provoost on Nostr: I also doubt they'll roll back. ...

I also doubt they'll roll back.

quoting note17ra…2ahu

Seeing a lot of posts about ETH "rollback".

It's slightly annoying seeing how easily people jump on bandwagons without any reflection, though as I'll say in a moment, I don't mean to imply there's nothing to discuss.

First, there is no evidence they are thinking about doing it. Second, this case is not like the DAO because the funds are not locked in a fixed location, allowing a very convenient funds-reassigning 'state transition'. Third, it's not like the DAO because it's a trivially small part of the supply vs like 15%. (I guess 4th is that you wouldn't get "consensus", but tbh they didn't get overwhelming consensus for the DAO, so...).

The real talking point of course is that this scenario *might* be possible. Having an "ETH foundation" has always been part of the problem, but proof of stake - one of the principal arguments in favor of the DAO rollback 9 yrs ago btw - really creates the problem. If the government can point to strong evidence that a) NK is receiving regular staking rewards and b) ETH foundation could choose to implement a blockage, or funds reassignment, then they could be in significant trouble.

The original sin of the DAO funds reassignment is why this is not purely a flight of fancy (albeit, v. unlikely still, imo).