Systems that rely on trusted authorities can be compromised with low cost (case in point: SSL/TLS). Panvala solves this problem by decentralizing trust through a token-curated registry.https://twitter.com/PanvalaMark/status/1016337610787180545 …
This pushes a HUGE amount of risk onto security reviewers and away from the contract owners. Won't people just attack or sue the parties voting in support of contracts when bugs are found later?pic.twitter.com/80u0HHFa9D
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The Panvala mark means that a majority of participants agree that certain standards have been followed. It's the task of the community to ensure that the standards are sufficient to prevent bugs (e.g. cross checking audit-reports).
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But as we all know, there's never a 100% guarantee. The TCR reflects the opinion of the security community as a whole (hopefully including
@TrailofBits). Consumer reports is a good analogy. - 4 more replies
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By that standard, no one should be giving opinions about the safety of any smart contract. We put in this work so people can actually use these systems with more confidence. But there are no guarantees here.
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You just made my point. If there are "no guarantees" then maybe you should not be posting a guarantee on Panvala?
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Thanks. Twitter will use this to make your timeline better. UndoUndo
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