I avoid this debate, because I don’t really have any novel points to make, but I guess it’s at the stage where decisions are made by a vague sense of how loud the shouting is.
So here are my grumbling reasons for opposition:
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Moral hazard. We’re not paying attention to the less influential voices who have lost a much less money, so we’re implicitly endorsing a “too big to fail” incentive model.
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Future distraction. Ethereum’s competitive advantage is in a large, friendly community of contributors, working hard on scalability and usability improvements.
Making this change will ensure that we continue to revisit requests like this on a regular basis. That will continue to distract us from efforts to improve the technology for everyone. Becoming a project which constantly debates fund restoration EIPs will make Ethereum a “not much fun” open source project to contribute to, thus deterring new contributors.