The problem with the current soft fork proposal is that it prevents legitmate childDAOs from accessing the ETH which was removed prior to the hack. It would also prevent rescue of the remaining funds, which is still possible . I believe this is the worst of all options. The soft-fork only would be punishing those who are in the position to salvage some of their ETH and have done so honestly.
RE: Doing nothing vs hard fork vs soft fork
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Doing nothing vs hard fork vs soft fork