The whole thread is great. Criminal activity is what keeps the cryptocurrency bubble inflating (with money laundering the principal use case). The basic critique of crypto is that if it doesn't work, there's no point to it, and if it works as advertised, it attracts all the crimehttps://twitter.com/smdiehl/status/1395687848230199296 …
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The state of the art in computer programming in 2021 is such that we can't secure a light bulb. But VCs now want to port five hundred years' of contract law into immutable code and hook up to grandma's retirement account.https://blog.checkpoint.com/2020/02/05/the-dark-side-of-smart-lighting-check-point-research-shows-how-business-and-home-networks-can-be-hacked-from-a-lightbulb/ …
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Obfuscated JavaScript contest*
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Smart contracts should be considered self-funded bug-bounty platforms.pic.twitter.com/6TlLPHY47l
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This is a feature.
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worst? sounds fine to me
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Remember the DAO forking thing? Immutable contracts aren't, and I do not know if that makes it worse or better. I think worse, because it's a tool that only gets used when the *biggest* players have been pwned, never when small timers do. That's feels like a moral hazard?
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That's not even the worst problem with smart contracts. The bigger problem is that blockchains have no way to validate data from the outside world. If your contract pertains to the real world in any way, you're at the mercy of whomever supplies the data on what actually happened.
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That's a really good point, thank you!
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