Recently, there have been rumours all over the internet regarding ethereum developers accepting EIP-999 proposal. Therefore, the ethereum community is bringing to our notice today that no such proposal have been made in favour of them, claiming that the proposal was made to bail out parity after losing $250 million due to a smart contract bug. Its members clearly rejected the proposal, yet some people keep saying that the proposal will still be implemented.
After losing money to Parity smart contract, the ethereum team have been looking out for ways to recover the funds, unfortunately, nothing can be done about it for now. The whole situation encountered is very annoying as various solutions have been proposed but all to no avail, could not solve this problem.
The EIP-999 proposal was however proposed as one of the solutions to be used, although dubbed an ethereum improvement proposal, becomes a discussion of opposing opinions which is capable of making ethereum to hard fork again. The community is clearly not in support of this idea as the majority cast their votes against it.
After the result was announced, the EIP-999 was marked “closed” meaning that further implementation on this proposal have been stopped and will not continue in the future. The team however, at this moment in time is not relaxed as they continue looking for other means to recover the frozen funds.
It is quite unclear why people would still spread FUD after knowing too well that this proposal have been disapproved by the ethereum team.
As for the parity team, there is still a lot of work to be done, as they are now faced with the responsibility of coming up with viable ways to bail out the affected users and recover the lost funds, without passing through an unnecessary change of plans. No one knows if parity team would even be of help in this situation as they are yet to take a step on it.