But forget obligation, real reason to bail out is because if 80 BTC is lost it will mean massive bad press, it will devastate the project, hang over its head forever. People will never stop talking about it, do you think people can lost $60000 and not fight to get it back? Does not matter who is at fault or what is fair, "only get one chance to make a first impression" and most people will hear this story as their introduction to Counterparty
A bail-out will not make people stop talking about it. It is the second major fuck up at the protocol level within mere weeks after the end of the burn period and it's incredibly damaging. People are losing big sums of money. Redditors are linking to this thread and expect this to be mentioned in any serious discussion about counterparty for the oncoming months.
I do believe the devs did a brilliant job to create a piece of software that is the first to implement a DEx. Decentralization is the way to go and I applaud them for their courage and boldness to Just Do It. But I feel the project is rushed and released when not ready. A longer burn period would have been nice too, just to get more people involved.
It's nice that they want to work with an "auditor" to verify the code for bugs, but that really sounds they are either not willing or able to do a full code review themselves. Instead, they want to rely on some third party for the security of their code base. I think it's not the right way to go, and for me it fails to build any trust.
Launching the first decentralized exchange in the world, is a monumental task and doing it in a true open source culture takes remarkable planning and confidence. Counterparty has all the hallmark of one of the best projects on the crypto world. These kinds of glitches happen from time to time. We have to realize that the community got almost 10X return on investment in their first few weeks, thanks to their work! Its our duty a caommunity to back them up when unexpected issues such as this come up. Complaining about how things could have been done "better" in retrospect is really not being fair to them!
Oh just donated 1% worth of my xcp holding in BTC to busoni's donation address. Go Team!