Me, talking to any computer security professional that will listen to me: > Why aren’t you doing smart contract auditing you maniac?? > People are making like $50k for 4 weeks of work!!
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And those large consulting companies pay them $50K for 4 weeks work? If (and it is an if because I don’t know) they do a lot of work for consulting cos they are still reducing their earning potential by avoiding ICO projects for ethical and/or reputational reasons.
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I was saying that the people not auditing contracts are usually at big consulting companies and being paid less. Smart contracts aren’t only for ICOs. Also I don’t think there is reputational/ethical risk for auditing.
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If you think the project has approx 0% chance of succeeding and people are going to lose tens/hundreds of millions of dollars perhaps you don’t want your name or your company’s brand associated with the project? Especially by profiting from the existence of that project.
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I’m pretty sure the auditors or consultants of Enron, Theranos etc would’ve preferred to have not been involved/associated with them post hoc.
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I'm not really sure what we're talking about at this point. Yeah, if the company was guaranteed bad news then people wouldn't want to be associated. Real life though? Most stuff isn't clear cut. Of course I wasn't talking about doing work for clearly malicious people.
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I know for a fact some of the Bitcoin core devs think Ethereum is a scam. And therefore projects built on top of Ethereum have to be scams too. You can’t build a business/protocol on top of a scam.
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Sounds to me like those Bitcoin core developers should step out of their echo chamber once in a while. Ethereum, as well as Bitcoin, the USD or internet for that matter, is *used* for nefarious purposes. That makes none of these a scam though. The bane of uncensorable platforms?
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The concern isn’t that Ethereum is used for nefarious purposes. All fungible currencies are. The concern is that it can’t scale securely and in a decentralized manner. If it is centralized it is censorable, in which case it is difficult to argue why a blockchain is needed at all.
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