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Bybit Theft Incident & Vitalik's Proposal
Bybit was stolen 400,000 ETH, and Vitalik proposed a community vote to decide whether to roll back. Historically, Ethereum has rolled back due to the DAO incident, resulting in the fork of ETC.
Rollback?
A rollback means restoring the blockchain state to a certain point in time. For example, if you had 100 ETH before the theft and it became 0 after, a rollback would restore you to 100 ETH, but any coins purchased in the meantime would be cleared.
Short-term benefits: reduce selling pressure, comfort the victims of theft.
Long-term risks: Frequent rollbacks may make the market perceive Ethereum as unstable, undermining its characteristic of being “immutable.”
The Future of Ethereum
Rollback can only provide temporary relief, not a fundamental solution. Ethereum needs a stronger security mechanism and decentralized governance, rather than relying on rollbacks to solve problems. Otherwise, a crisis of trust may cause users and developers to flee.
Potential Coin Recommendation: Trump Dogecoin (𝑪𝒐 𝒏 𝒂𝒏)
The project party plans to destroy 20% of the circulating supply to reduce control risks.
Community-driven, suitable for ambush.
Stay close to Trump’s hotspots; there may be opportunities for wealth!
Rollback can save for a moment, but it does not address the root cause. Ethereum must rely on technological and governance upgrades. In terms of investment, keep an eye on Trump Dogecoin and seize community and hotspot opportunities! #ETH
Bybit was stolen 400,000 ETH, and Vitalik proposed a community vote to decide whether to roll back. Historically, Ethereum has rolled back due to the DAO incident, resulting in the fork of ETC.
Rollback?
A rollback means restoring the blockchain state to a certain point in time. For example, if you had 100 ETH before the theft and it became 0 after, a rollback would restore you to 100 ETH, but any coins purchased in the meantime would be cleared.
Short-term benefits: reduce selling pressure, comfort the victims of theft.
Long-term risks: Frequent rollbacks may make the market perceive Ethereum as unstable, undermining its characteristic of being “immutable.”
The Future of Ethereum
Rollback can only provide temporary relief, not a fundamental solution. Ethereum needs a stronger security mechanism and decentralized governance, rather than relying on rollbacks to solve problems. Otherwise, a crisis of trust may cause users and developers to flee.
Potential Coin Recommendation: Trump Dogecoin (𝑪𝒐 𝒏 𝒂𝒏)
The project party plans to destroy 20% of the circulating supply to reduce control risks.
Community-driven, suitable for ambush.
Stay close to Trump’s hotspots; there may be opportunities for wealth!
Rollback can save for a moment, but it does not address the root cause. Ethereum must rely on technological and governance upgrades. In terms of investment, keep an eye on Trump Dogecoin and seize community and hotspot opportunities! #ETH
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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