When Binance lost $40 million to hackers this week, the crypto community discussed reorganizing the chain after it was suggested by a developer from MIT. Many people were upset by this proposition, declaring that there was no way a coordinated effort with miners could be pulled off. However, most bitcoiners don’t seem to remember that a similar centralized decision was made in 2013, when Btc Guild’s hashrate was leveraged to downgrade the main chain from Bitcoin 0.8 to version 0.7.

Also read: Europol Claims New Scalps – Chaos as Darknet Markets are Downed

Crypto Community Outraged Over Reorg Discussion

Cryptocurrency advocates have been all riled up discussing a theoretical reorganization of the Bitcoin Core (BTC) blockchain. The conversation heated up after it was suggested by the developer Jeremy Rubin and Binance CEO Changpeng Zhao (CZ), who mentioned it after his exchange lost $40 million worth of BTC. Some people became extremely upset at the mere discussion of a reorganization and stated that…

Click to continue reading on its source location…

Source: https://news.bitcoin.com/bitcoins-software-has-been-rolled-back-before/