It completely obviates the point, because a contract no longer means what it say... | Hacker News

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JulianMorrison on June 17, 2016 | parent | context | favorite | on: Critical Update on DAO Vulnerability

It completely obviates the point, because a contract no longer means what it says, it means what Bob says. So just wire your money to Bob, it's simpler.

carver on June 17, 2016 [–]

While I prefer non-upgradable contracts for the same reason, there are mechanisms to reach some middle ground, like:

1) a significant delay between the announcement of an upgrade and the actual upgrade (enforced by the blockchain)

2) a mechanism to opt-out or cash out before the upgrade happens

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