% is not an argument. The fact that a business fucked up in their security of their customers' VRC is not the devs problem. But obviously the devs want to make it their problem.
VRC hacks and scams will come with expectations now in the future. "Hey someone hacked my personal VRC wallet...can you VRC devs roll back and hard fork the blockchain so I can get my coins back?"
Utter BS.
the hack wasn't the devs problem but the fact that thieves controlled 30% of the coin supply became the devs problem.
what if the thieves do not dump but simply stake their coins.
nobody would invest in a currency that is 30% controlled by thieves knowing that potentially 30% of all new coins for eternity could be going back to the thieves pockets.
I believe this is the dilemma faced by the dev team and why they took action.
they didn't do it to save Mintpal they did it to save vericoin.
stolen money that can generate clean money which can then be spent easily without raising an eyebrow.. this is the very definition of money laundering.
rolling back the block chain is fundamentally wrong but it is the lesser of two evils for this particular situation.
