We sat downwards late amongst Rune Christensen, the founder of MakerDAO, to hash out The DAO’s collapse in addition to the implications it volition receive got for Ethereum in addition to Cryptocurrency moving frontwards after the soft fork. He expresses doubts at the notion that the Ethereum community holds whatsoever obligation to The DAO in addition to other interesting viewpoints from safety to hard-fork consensus.
Rune Has Faith inwards Ethereum, Not The DAO
So Rune, Can y'all give Us a lilliputian flake of background on Yourself, On Maker, in addition to the Situation The DAO’s Collapse has seat Maker in?
“I’m the founder of Maker, which is an ethereum based DAO that volition shortly launch a stable cryptocurrency backed yesteryear smart contracts amongst ethereum based collateral. TheDAO’s collapse hasn’t meant much to us, nosotros already anticipated those types of risks in addition to knew it was something that could happen. We are going to survive fifty-fifty to a greater extent than careful amongst safety inwards the future, though, every bit nosotros were every bit good affected yesteryear the põrnikas inwards i of our alpha phase contracts. luckily cipher was stolen, in addition to non much money was at stake because nosotros had made clear warnings in addition to run a peril disclaimers.”
Okay, Rune, given those circumstances, what is your seat on the best of the proposed solutions, Soft Fork, difficult Fork, in addition to otherwise?
“I call back the best solution is to await for consensus. H5N1 build clean 100% refund fork is most probable at this point, but every bit good come across the potential for a minute blockchain to emerge or fifty-fifty perchance the onetime i beingness kept alive.”
Can y'all elaborate on why y'all call back it’s best, in addition to the disadvantages of the other options for Maker, in addition to Ethereum?
“When using blockchains its ever the best to transcend away amongst the consensus, then it’s an tardily choice. The biggest inquiry is whether the community volition come across diverging advantages inwards the “code is law” governance approach.”
What almost long term consequences for the Ethereum ecosystem, in addition to concerns that the soft fork could survive easily abused yesteryear miners?
“It turns out the people concerned were correct on this one.”
Many are blaming Solidity for the number every bit much every bit The DAO’s code, scale of deployment in addition to treatment of the attack, in addition to claiming is every bit much to blame if non moreso. What are your thoughts on this?
“It’s misleading to claim it is Solidity’s fault. However, at that spot are diverse things amongst solidity, the EVM, in addition to the entire tech stack basically, that could in addition to are even then beingness improved. Overall I call back Ethereum’s technology scientific discipline is inwards extremely bully variety in addition to lightyears ahead of everything else.”How much responsibleness does the Ethereum community receive got to those staked inwards the DAO?
“Absolutely Zero.”
What is Maker Doing that ensures that it volition non transcend away some other TheDAO?
Same every bit nosotros receive got ever been doing, obsessing almost safety at every pace of the pattern in addition to implementation process. We knew rattling early on that safety was going to survive the most of import constituent in addition to receive got been edifice our entire stack only about that proverb from the start.
Early Voting from ethereum mining pools has shown strong back upwardly of a difficult fork. What is your recommendation to those that receive got yet to vote on the matter?
Vote amongst the majority.
MakerDAO has suffered from safety issues similar to the DAO’s over the concluding few months, the prime number departure beingness their decisive activity inwards fixing them, preventing whatsoever theft of their collateral or stablecoin. The DAO has been a massive, marketplace altering failure, but Rune, along amongst many others believe that the underlying technology scientific discipline is non to blame. What nosotros come across inwards damage of utility from complex Ethereum-based smart contracts volition survive interesting to come across next the difficult fork.
Images Courtesy CarbonVote.com, MakerDAO, Pando