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@cassie What $SUI and $CETUS did to recover ~160M from the hackers. Q1) Will Quilibrium do that ever in future? & Q2) How Quilibrium will react in such tough times? Crypto Community is again Questioning⬇️ 👉🏻Is Decentralisation a Myth or a Reality? $QUIL
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1) Quilibrium is a decentralized protocol, to accept a non-standard transaction to consensus would require all node operators to agree to the change, which is very different from convincing a handful of validators 2) If an application amassed enough coin that a hack caused the same scale of loss on Quilibrium, the decision ultimately is in the hands of node operators, because even if core protocol had a reversal encoded in it, it would still have to be adopted. This project is more like bitcoin, so people should code accordingly.
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What will be minimum % of nodes required to be convinced to reverse the bad transaction?
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it comes down to fork choice – if 70% of the network chooses a fork where reversal is a permitted state change, then 70% of the network is on a fork where reversal is a permitted state change, and 30% is not. Which one is the "official" network? That comes down to the conensus of users, ultimately. From the perspective of Quilibrium the company, if there is a _protocol-level_ vulnerability that resulted in loss, our position is to issue an alert, halt our own nodes, and issue a patch to resolve that. If there is an _application-level_ vulnerability, it is ultimately the decision of the application developers on how to handle, although for Q Inc-oriented operations like maintenance of the bridge code, helping stop the flow of compromised tokens is something we can help on. In short, it's grey – as is any situation where human consensus is a part of the picture. When the DAO hack happened, the majority fork chose Ethereum as it is today, the minority fork became Eth Classic.
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