Everyone has a price target for $ARB. Far fewer are discussing what its governance is actually being asked to decide.
On November 5, Binance requested the release of approximately 8,426 $ETH and 74.56 million $ARB frozen after its exploit. The process could take seven weeks or longer.
Here’s the uncomfortable debate: emergency powers helped secure the assets, but returning them requires a lengthy governance process.
How should a network balance rapid intervention, due process and decentralization?
“Code is law” sounds simple—until the emergency arrives.
#Arbitrum #Binance #Crypto
On November 5, Binance requested the release of approximately 8,426 $ETH and 74.56 million $ARB frozen after its exploit. The process could take seven weeks or longer.
Here’s the uncomfortable debate: emergency powers helped secure the assets, but returning them requires a lengthy governance process.
How should a network balance rapid intervention, due process and decentralization?
“Code is law” sounds simple—until the emergency arrives.
#Arbitrum #Binance #Crypto