Ethereum Devs Call for Public Debate on Fund Recovery

February 10, 2018
385 Views

Ethereum’s more senior developers are calling for a public debate over what steps, if any, should be taken at the software level to return funds lost in high-profile hacks and incidents.

In a bi-weekly meeting Friday, the developers took sides over a controversial ethereum improvement proposal, EIP 867, which advocates for a method of returning funds to potential victims. As profiled by CoinDesk, the issue has emerged as a lightning rod due to the fact the proposal advocates using system-wide software upgrades as a possible fix.

It perhaps wasn’t a surprise then that the meeting showcased the passions on either side of what is becoming one of the platform’s more prominent arguments.

Still, others sought a more middle-ground solution, such as having a more public debate.

Ethereum developer Vlad Zamfir told attendees:

“These proposals, especially proposals that do set important precedents, that impact the relation of the community and the platform, I think need to be subject to a public debate that I’m not actually sure the EIP process is designed to handle.”

In response, community manager Hudson Jameson agreed, stating his belief the debate should play out on social media. Likewise, independent developer Alexey Akhunov proposed a live video debate between developers.

Some struck a reserved tone to the idea, though.

Developer Piper Merriam warned that a live discussion was liable to become a “politician-based thing,” stating that the debate should remain in written form. “Otherwise it’s a popularity contest,” he said.

As such, the comments hint at another component of the debate, one that has tackled the issue just what role developers should play in blocking proposals from public discussion.

EIP 867, for instance, is led by lesser-known developer Dan Phifer from Musiconomi, a startup that lost a substantial amount of ether in the Parity fund freeze last year.

EIP editor Yoichi Hirai originally rejected the proposal due to its failure to comply with what he described as “ethereum philosophy,” however he is now adopting a more liberal approach to his role, stating that “the EIP repository is like Twitter.”

“Everyone can say whatever they want and I merge everything,” he said.

For now, no further action will likely be taken on the proposal until ethereum’s process for accepting code changes, detailed in EIP-1, has been clarified.

However, Jameson said today that the current controversy had accelerated such efforts.

Silicon chip via Shutterstock

The leader in blockchain news, CoinDesk is an independent media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Have breaking news or a story tip to send to our journalists? Contact us at [email protected].

https://www.coindesk.com/ethereum-devs-call-public-debate-fund-recovery/

You may be interested

Security firm G4S Has Launched a Crypto Custody Service
Crypto News
Crypto News

Security firm G4S Has Launched a Crypto Custody Service

btcethereumadmin - October 18, 2018

U.K.-based security services company G4S now offers a crypto custody service aimed to protect investors' holdings of digital assets. Announcing…

Bitcoin Price Eyes Triangle Breakout Above $6.4K
Bitcoin
1 views
Bitcoin
1 views

Bitcoin Price Eyes Triangle Breakout Above $6.4K

btcethereumadmin - October 18, 2018

Bitcoin (BTC) is again trading in a narrowing price range above $6,400, but the lateral trading may soon give way…

Asian Development Bank Paper Touts Blockchain in Government Procurement
Crypto News
Crypto News

Asian Development Bank Paper Touts Blockchain in Government Procurement

btcethereumadmin - October 18, 2018

A new paper authored by World Bank Group-linked experts proposes development of a blockchain network to boost efficiency across government…

Leave a Comment

Your email address will not be published.