Changpeng Zhao, chief executive officer of the Chang'an Platform, discussed the idea of reorganizing the Bitcoin block. In this vision, the newly stolen 7000 BTC will be redistributed from the digital currency exchange platform to the two metals in the form of fees.
In theory, the coordinated effort with the two metals in a specific time frame can contribute to the discharge of the intruders' balances to Binance.
CEO of Binance Platform: "It was not my idea."
The idea did not stem from Binance or Changpeng Zhao. Zhao himself confirmed this, but the idea of Bitcoin Core shareholder Jeremy Rubin was:
In this case, Bitfinex can undertake to pay for the metal, for example 25 BTC per block, although many of the blocks that require the return of theft transactions and replace them by spending a bunch of money from BitGo and in cold storage and to be quite clear I hope this does not happen because The basic principle of the currency of the Betquin is its ability to achieve decentralization. If this is done for the currency of the Betquin, this will certainly be the tragic beginning of Bitcoin.Binance offers a serious step
The idea is that Binance can reorganize the Betquin mass if technically possible, and the minerals will be willing to cooperate with them.
The idea of rewriting Blockchain to benefit a single organization takes into account the infamous DAO hack, where Ethereum reorganized its chain to recover stolen assets.
A minority group of Etherium and users decided that their changeability was even more important, leading to the division of the etherium coin and the emergence of Etherium Classic.
People think this will probably happen if Binance or any other currency exchange platform tries to do the same with Bitcoin.
In general, KFH operates on two basic ideas first that transactions are uncensored and second is that there are 21 million units of predictable supply coverage for Bitcoin. The psychological damage that "rewrite the series" can not be underestimated in the digital arena as a whole.
CZ explained that the goal of rewriting Betcuen Blockchin would not be to return money to Binance but to keep it away from the attackers.
The idea, briefly discussed, is now more interested in Twitter than in the attack itself.
The most important aspect of such a move is that it is sure to shake the confidence of investors in Bitcoin and can also expect lower prices in all digital currencies. It is not clear whether the money will remain in the digital currency position at all or that any move to protect one institution will break The whole system.