In crypto, there is the concept of the "fictional reserve" which can be used in ... | Hacker News

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		Gorkys 5 months ago \| parent \| context \| favorite \| on: Bybit loses $1.5B in hack In crypto, there is the concept of the "fictional reserve" which can be used in situations such as this.

DrillShopper 5 months ago [–]

If it's big enough you can even get the devs to fork the blockchain to reset things (see The DAO)

It's not that crypto folks don't want some protection from hacks or fraud - the just think it should only be for the rich.

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