Smart contracts are a pile of money exposed directly to the internet with no firewall in the way. And no recourse when things inevitably go pear shaped. They’re somewhere between self funding bug bounties and just straight up honeypots. It’s interesting the folks with piholes and boobie trapped routers are the first to get behind this idea.
Newsfeed for Crypto/DeFi Scams
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Re: Newsfeed for Crypto/DeFi Scams
#12Side note but I wish hacketnews wasn’t always so anti-crypto. Makes it a pretty depressing forum for those of us working in the space earnestly
Re: Newsfeed for Crypto/DeFi Scams
#13No post body was provided.
Re: Newsfeed for Crypto/DeFi Scams
#14Side note but I wish hacketnews wasn’t always so anti-crypto. Makes it a pretty depressing forum for those of us working in the space earnestly
No post body was provided.
Re: Newsfeed for Crypto/DeFi Scams
#15No post body was provided.
Re: Newsfeed for Crypto/DeFi Scams
#16Side note but I wish hacketnews wasn’t always so anti-crypto. Makes it a pretty depressing forum for those of us working in the space earnestly
Earnestly for what?
What problem can it solve that a central database can't?
Half the scams I've seen are stopped because a central 3rd party (like OpenSea) refuses to deal in the "stolen" property. At which point, there's no decentralisation.
Look, I'm pro-decentralisation and pro-cryptography. But no one working in your space has built anything which has convinced me you're on to something brilliant.
I hope I'm wrong though. Because if not - an awful lot of money, talent, and goodwill have been wasted.
Re: Newsfeed for Crypto/DeFi Scams
#17Side note but I wish hacketnews wasn’t always so anti-crypto. Makes it a pretty depressing forum for those of us working in the space earnestly
Earnestly for what? What problem can it solve that a central database can't? Half the scams I've seen are stopped because a central 3rd party (like OpenSea) refuses to deal in the "stolen" property. At which point, there's no decentralisation. Look, I'm pro-decentralisation and pro-cryptography. But no one working in your space has built anything which has convinced me you're on to something brilliant. I hope I'm wro…
Some of us just like to work on distributed systems, formal methods, compilers, etc… I’m skeptical about the whole thing and so are many colleagues I’ve worked with but the technical challenges are interesting.
Re: Newsfeed for Crypto/DeFi Scams
#18Side note but I wish hacketnews wasn’t always so anti-crypto. Makes it a pretty depressing forum for those of us working in the space earnestly
I'm not anti-crypto per-se and my guess is most people like me aren't opposed to the ideas behind it but the reality is there is massive fraud(-adjacent) stuff happening and while some of the ideas might be ethically noble, most of them aren't. The result being (for me at least) that skepticism is best.
Re: Newsfeed for Crypto/DeFi Scams
#19All the more reason the code which controls money probably shouldn't be an object oriented language compiled to bytecode. Strict functional will be looked back on as the obvious choice.
Do you have any idea what comprises the source code for most traditional banking infrastructure? It ain't modern functional languages, I'll tell ya that much. >_>
Re: Newsfeed for Crypto/DeFi Scams
#20Side note but I wish hacketnews wasn’t always so anti-crypto. Makes it a pretty depressing forum for those of us working in the space earnestly
Sorry milord, continue working earnestly a little bit more before we have to bow and kiss your golden moonshaped shoes.
What do you guys work on all day long ? How to convert a DOGE to USDT to BTC then to a bored ape NFT looking to the right ? Hope you dont work at SafeMoon or other such "project" you guys call "crypto" because there's 1 hash function somewhere and one key elsewhere :p