The content explains that there were debates and discussions about the possibility of rolling back transactions after the $1.5 billion Bybit hack in the Ethereum community. However, the author clarifies that no serious person advocated for a rollback and that these debates were not genuine but rather an external psyop to create confusion. The author emphasizes that Ethereum has never performed a rollback and that critics pointing to the 2016 DAO hard fork as a precedent are mistaken. The article further states that Ethereum has had opportunities to intervene in major hacks in the past but has never done so, demonstrating the network's high threshold for intervention. The author separates two types of critics, one with genuine misunderstandings and the other being bad-faith actors and trolls. The article concludes that rolling back the chain is not impossible but would require a fundamental existential crisis, which the Bybit hack does not meet, showcasing Ethereum's immutability and credible neutrality.
Content Editor ( blockworks.co )
- 2025-02-24
The Ethereum ‘rollback’ idea was a joke
