Post
Topic
Board Altcoin Discussion
Re: CRITICAL UPDATE Re: DAO Vulnerability
by
iamnotback
on 17/06/2016, 13:09:22 UTC
So the hard fork to recover the ETH means Ethereum is not decentralized. It is a top-down controlled fiat system.

I don't know if "top-down controlled" is the right description, its more like a democracy where the majority can vote to strip the minority of its rights.

Democracy is a top-down structure because it is a winner-take-all power vacuum.