Quilibrium

BDFL of Quilibrium, Eng @ Farcaster, ex-Coinbase, always opinionated, never hydrated

/quilibrium

@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

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.

What will be minimum % of nodes required to be convinced to reverse the bad transaction?

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.

https://x.com/shoucccc/status/1925630756425970012