Share this article

Ethereum Devs Call for Public Debate on Fund Recovery

A controversial proposal that would seek to alter how ethereum's developers approach software changes saw debate at a meeting Friday.

Updated Sep 13, 2021, 7:33 a.m. Published Feb 9, 2018, 6:05 p.m.
Silicon chip

Ethereum's more senior developers are calling for a public debate over what steps, if any, should be taken at the software level to return funds lost in high-profile hacks and incidents.

In a bi-weekly meeting Friday, the developers took sides over a controversial ethereum improvement proposal, EIP 867, which advocates for a method of returning funds to potential victims. As profiled by CoinDesk, the issue has emerged as a lightning rod due to the fact the proposal advocates using system-wide software upgrades as a possible fix.

STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters

It perhaps wasn't a surprise then that the meeting showcased the passions on either side of what is becoming one of the platform's more prominent arguments.

Still, others sought a more middle-ground solution, such as having a more public debate.

Ethereum developer Vlad Zamfir told attendees:

"These proposals, especially proposals that do set important precedents, that impact the relation of the community and the platform, I think need to be subject to a public debate that I'm not actually sure the EIP process is designed to handle."

In response, community manager Hudson Jameson agreed, stating his belief the debate should play out on social media. Likewise, independent developer Alexey Akhunov proposed a live video debate between developers.

Some struck a reserved tone to the idea, though.

Developer Piper Merriam warned that a live discussion was liable to become a "politician-based thing," stating that the debate should remain in written form. "Otherwise it's a popularity contest," he said.

As such, the comments hint at another component of the debate, one that has tackled the issue just what role developers should play in blocking proposals from public discussion.

EIP 867, for instance, is led by lesser-known developer Dan Phifer from Musiconomi, a startup that lost a substantial amount of ether in the Parity fund freeze last year.

EIP editor Yoichi Hirai originally rejected the proposal due to its failure to comply with what he described as "ethereum philosophy," however he is now adopting a more liberal approach to his role, stating that "the EIP repository is like Twitter."

"Everyone can say whatever they want and I merge everything," he said.

For now, no further action will likely be taken on the proposal until ethereum's process for accepting code changes, detailed in EIP-1, has been clarified.

However, Jameson said today that the current controversy had accelerated such efforts.

Silicon chip via Shutterstock

More For You

Protocol Research: GoPlus Security

GP Basic Image

What to know:

  • As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
  • GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
  • Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.

More For You

Bitcoin Treads Water Near $90K as Bitfinex Warns of 'Fragile Setup' to Shocks

Bitcoin (BTC) price on December 8 (CoinDesk)

BTC's relative weakness compared to stocks points to tepid spot demand, making the largest crypto vulnerable to macro volatility, Bitfinex analysts said.

What to know:

  • Bitcoin erased very modest overnight gains early Monday and spent the rest of the U.S. session in a tight range around the $90,000 level.
  • Rising long bond yields and a small U.S. equities pulling back weighed on risk appetite as traders eye this week's Federal Reserve meeting.
  • Bitfinex analysts pointed out bitcoin's relative weakness against U.S. stocks amid modest spot demand and structural softness.