⭐ Merited by vapourminer (1)
Ultimately these coins are gone. Since more coins have been mined since then, any work to evict the transaction from the blockchain would do more damage to miners.
Imagine this were 500000 BTC and every MtGox user were at risk of a major loss. (which would certainly hit the news and damage the community).
A feature that allowed a miner to vote out a block or a transaction would be valuable. If 50%+ did it, the error would simply vanish. Democracy at work. But it would only work if that 50% voted immediately.
Imagine this were 500000 BTC and every MtGox user were at risk of a major loss. (which would certainly hit the news and damage the community).
A feature that allowed a miner to vote out a block or a transaction would be valuable. If 50%+ did it, the error would simply vanish. Democracy at work. But it would only work if that 50% voted immediately.
It's highly improbably that 50% would be able to evaluate the matter at hand and make that decision within the timeframe that allows to "undo" this without too much damage (blocks mined after questionable block).
So people might come up with the idea of proxying this decision-making. This might put the decision-making into too few hands, of course, and all the decentralization is down the drain.
I don't think this is a good idea, therefore.
Maybe MagicalTux should try to get some insurance against fuckups like this. Might be expensive and put a lot of hassle on him by ways of auditor wanting to see all code pre-production
