a thoughtful web.
Good ideas and conversation. No ads, no tracking.   Login or Take a Tour!
comment by wasoxygen
wasoxygen  ·  1134 days ago  ·  link  ·    ·  parent  ·  post: Ethereum has quietly become unforkable.

Great observation, but is “unforkable” too strong? Say next year there’s a schism and we end up with ETH-chocolate and ETH-vanilla. Coinbase could exchange USDC for both, with initial exchange rates such that 1 ETHc + 1 ETHv = previous value of 1 ETH. Maybe with a 50/50 initial ratio. If you love chocolate, you can sell vanilla and buy chocolate and end up close to where you started. Or just hold your chocolate and let other vanilla detractors bid the chocolate price back up.





mk  ·  1134 days ago  ·  link  ·  

That thought did cross my mind, but I can’t imagine Coinbase would be willing to make their customer support an order of magnitude more difficult.