Hacker News Reader

Technically, no history was re-written! No transactions were undone, but the fork agreed to new rules. The users of the new version also had a choice if they wanted to support the fork or not, the majority went with the fork.

Ability for a community to set and agree to new rules is healthy for a blockchain and it makes it more likely that Ethereum can evolve and successfully hardfork to POS mining in the future.

View on HN

Since the executive branch is democratically elected, and the executive branch appoints people to run the Fed, the same can be said for USD.

Correct, the Fed is a democratic institution.

Anyone who claims otherwise is confused or trying to sell you something.

They weren't on my ballot.

They don't need to be, to be a democratic institution. The head of the EPA or any other federal agency wasn't on your ballot, but the choice you made for president determined that, too.

This way of thinking makes ethereum bring nothing new to the table vs. democratically elected rulers of government changing monetary policy. So nothing aside from the fact that you can make little programs using its language makes it unique from how the fed is run today. This explanation that you post is a hallow excuse that knowledgeable people do not buy into.

Reply on news.ycombinator.com