> What's to prevent a similar situation in the future and why should anyone believe that to hold?
Look, ETC is still there, and currently it's at its all time low. Clearly the market didn't care about the DAO situation.
In other words, if a company makes a decision X which you think is a bad decision, and nearly none of their customers oppose them for it, did they really make a bad decision?
If tomorrow another DAO debacle happens and another such thing happens, I for one expect Ethereum Foundation to take steps to safeguard the integrity of the network by thwarting the theft.
If after Mt Gox theft had bitcoin been forked to undo that theft, then I would have jumped on to the forked chain (again no promises, but in principle I'd have gone to the forked chain).
On the other hand I presume you'd have stayed on the non-forked chain.
In other words, there are two kinds of cryptocurrency investors. You and I belong to two different groups. If you like Ethereum but are worried about 'code is law' violation, then please go join ETC.
Look, ETC is still there, and currently it's at its all time low. Clearly the market didn't care about the DAO situation.
In other words, if a company makes a decision X which you think is a bad decision, and nearly none of their customers oppose them for it, did they really make a bad decision?
If tomorrow another DAO debacle happens and another such thing happens, I for one expect Ethereum Foundation to take steps to safeguard the integrity of the network by thwarting the theft.
If after Mt Gox theft had bitcoin been forked to undo that theft, then I would have jumped on to the forked chain (again no promises, but in principle I'd have gone to the forked chain).
On the other hand I presume you'd have stayed on the non-forked chain.
In other words, there are two kinds of cryptocurrency investors. You and I belong to two different groups. If you like Ethereum but are worried about 'code is law' violation, then please go join ETC.