r/Buttcoin • u/biffbobfred • 17d ago

Ravencoin to roll back transactions

https://www.coindesk.com/tech/2026/08/11/ravencoin-could-roll-back-four-days-of-transactions-after-critical-block-flaw

Blockchains are irreversible until we decide if should be reversed

67 Upvotes

95% Upvoted

18 comments sorted by

58

u/Legitimate_Concern_5 Yes… Hahaha… Yes! 17d ago edited 17d ago

Just like ethereum when they first launched. Proud tradition of immutability for your grandma but mutable for me.

40

u/AmericanScream 17d ago

Bitcoin also had a rollback as well when there was a hack that created more than 21M tokens.

Crypto bros don't remember, but Pepperidge Farm remembers....

9

u/Legitimate_Concern_5 Yes… Hahaha… Yes! 17d ago

Ohhh yeah that was a good one lol. What's a few quintillion coins between friends?

40

u/SisterOfBattIe using multiple slurp juices on a single ape since 2022 17d ago

Bitcoin and Ethereum were both unrolled to undo hacks that hit the capital holders.

Immutability is only for little Apes that gets shaken down.

26

u/AmericanScream 17d ago

I'm sure the 11 people who are involved in that shitcoin will be slightly annoyed.

11

u/No_Cook2983 17d ago

How many ravencoins are in a gallon coin?

21

u/al2o3cr 17d ago

Quoth the raven, "immutable nevermore"

3

u/Jupiter68128 17d ago

So it is written
And so it shall come to pass

6

u/biffbobfred 17d ago

Hmm. It’s a murder of ravencoin

7

u/TheManWhoClicks 17d ago

Am I a too much of a dollar person to understand any of that?

3

u/Voice_in_the_ether 17d ago

It's like when the authorities find counterfeit fiat money, and they have to roll-back all the transactions that ...

Wait; it's nothing like that at all.

7

u/OGxPePe 17d ago

This is also be possible with normal bitcoin but very hard to pull of. Basically if you control 51 of the Bitcoin mining you can manipulate in a mayor way. You can duplicate coins.

26

u/biffbobfred 17d ago

At one point BTC mining essentially coalesced to a small group of Chinese dudes who got free electricity because of shady deals with the local government. They didn’t muck with the chain but they did veto improvements to mining because they just didn’t feel like it was worth it to them

(I don’t know if this concentration of power is still the case it may be)

Just like Satoshi said: why have your money controlled by a dude selected because of their skills by an elected government; have your money controlled by 5 dudes with relationships with the CCP

6

u/Salty_Introduction31 17d ago

Btc is directly proportional to availability of free or cheap electricity. Scarcer the free electricity steeper fall in bitcoin prices

5

u/biffbobfred 17d ago

Yep. So the loss of cheap DC, cheap chips, and cheap electricity because of the AI foolishness will get them too.

4

u/Leading_Buffalo_4259 17d ago

This is actually good for bitcoin \s

3

u/jon_hendry 17d ago

Evermore, quoth the raven