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Honestly, forking would destroy a major feature of cryptocurrencies for Ethereum- Fungibility.

People invested in the smart contract knowingly and the smart contract is run on the Ethereum network but it's not a part of Ethereum. Forking Ethereum for that sounds stupid and selfish because the devs themselves lost some money on it.

Vitalik has been saying for a long time that it was alpha level. I think they made a mistake allowing so much on one contract before it was proven. That allowed people to steal.

Its not destroying anything. Its a one time event to prevent the loss of millions of dollars.

If they let it go it would be worse, because then criminals would try even harder to subvert new technologies, knowing they would get away with it.

No one is going to fork away ordinary (non-theft) transactions.