Our observation is that the money loss comes indirectly from a security vulnerability in a normal case. When your computer gets infected with a malware you don't immediately lose your money. Only when the hacker finds very complicated ways to monetize your assets then you suffer from the loss. In other words, security vulnerability ≠ money loss However, it is different for Decentralised Autonomous Organisation (DAO) in which the organisation is basically a software running that has the information populated on the distributed ledger platform and the rules are all implemented with the smart contracts (e.g. TheDAO on the Ethereum network). Our first claim, which follows the DAO definition, is that, code = company (1) And typically organisations are vectors for money, hence, company = money (2) Then, from (1) and (2), it follows immediately that, code = company = money As a result in this case money loss comes directly from a security vulnerability, i.e. security vulnerability = money loss Then we would certainly wonder "When we face a loss in a DAO, can we undo the damages?" Unfortunately, the answer is that there is no possible technical fix for the DAO, as the thing that happened is the balkanization of the Ethereum network.
展开▼
