If this idea has been discussed already - apologies for duplicate, please share the link and I’ll update my knowledge.
2019 “catasthropic” is sending funds on-chain. That’s pretty bad, irreversible. But a few years from now, as code will control more aspects of our life, the “catasthropic” term will evolve…
Say there is something like Uber governed by Aragon DAO. A private key is compromised and someone can update the software over-the-air - https://en.wikipedia.org/wiki/Over-the-air_programming - and as a result, all cars with passengers crash into a concrete barrier at 100 km/h.
I am wondering if Aragon is planning to introduce functionality for organizations to mark a key as invalid / lost / stolen.
Maybe legitimate guys can vote towards removing such tokens? The threshold criteria could be:
- take a snapshot of a block in the past
- say compromised key had 25% of the tokens
- the remaining 75% will need to pass some some really high treshhold, say 80% majority
The guy who lost the key would need to use off-chain channels to convince other token holders.
I will need to check the latest version
0.8, I’m really keen to see the progress…
A little bit related example - Augur escape hatch: https://twitter.com/AugurProject/status/1021631296265768960 (no more)