The week-long vote on EIP999, a proposal to recover the funds locked in the Parity multi-sig wallet, has ended with 55% of votes in favour of no action.
Vote Results:
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It is not clear whether the vote will usher in a definitive end to EIP999, but the Parity team did release multiple statements stating that they have no intention of harming the Ethereum ecosystem and look forward to finding consensus around a solution.
Seeing as this is unlikely to be the last time user funds are misplaced/lost, several community members have proposed solutions for mitigating such occurrences:
DeHedge is a decentralized risk-hedging platform for crypto asset investors: investors can hedge investments in ICOs and crypto assets, protecting against exchange rate fluctuations, scams, and project cancellations.
Alex Van de Sande has proposed the creation of a Recovery Token.
Lane Rettig places EIP999 in the context of Ethereum’s model of governance and suggests moving forward with the creation of a standardized Ethereum recovery proposal (EIP-867).
The links are here:
http://telegra.ph/Ethereum-Proposal-To-Resurrect-Disabled-360-Mln-Parity-Contract-Shut-Down-04-25-2
https://twitter.com/paritytech/status/989106479885103104?s=21
Thanks for Reading!
Great update, concise, links...
-- good stuff as always
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https://twitter.com/BarryDutton/status/991124879163478016
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Great update! Thanks for all the timely crypto news ... so much going on that it's hard to keep up these days
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It's a year and a half of never being able to keep up LOL!
Thanks for the comments!
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