121–130 of 158 posts
Commands like that really need a confirmation prompt and a command line switch to override like --do-as-i-say (long form only). Good example of developers being put in an end user's shoes, I hope they learn from that mistake and update their programs.
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That guy is a savvy YouTuber, man. He did that because the resulting content has high memetic replication properties. I find the prompt for dangerous ops useful. GitHub will ask you to repeat the name of the repo before you destructive actions, Terraform will ask you to say yes to the prompt. These are all good things.
It's a solid practice in UX design. Physically having to type or copy/paste it in really highlights the action for the end user. There's only so much you can do to stop people setting their own house on fire but something like that puts the onus on them and fairly places the blame where it belongs.
The better alternative will be instead of asking for confirmation to ask to explain the intent by picking one of the options or writing it down. Ideally, an alternative must be suggested. This will avoid automatic reaction, because there's no one clear path to the goal.
This is one of the biggest flaws in crypto. Small errors can erode hundreds of millions of value. That's when most crypto companies right now are very small. Can you imagine the chaos if crypto were to actually become big and dev count were to grow to 1k+ people spread across multiple offices? There's definite efficiency gains with crypto (a dex like Uniswap can do massive volume with very few developers for instance…
> This is one of the biggest flaws in crypto. Small errors can erode hundreds of millions of value. That's reality. Same thing would have happened if they had put all that cash on a boat, and accidentally sunk it.
Can you change the title of this submission to match the title of the post please? Normally people change titles when the original is sensationalised however the opposite is true in this case.
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It’s Solana, so there kinda is. It’s pretty much centralized.
Why is this called DeFi? If a dev can nuke an entire app (intentionally or accidentally) it's not decentralized. Contrary to the HN zeitgeist, I have a lot of excitment for decentralization medium- to long term. But it seems almost everything that's happening in the DeFi space today is about as decentralized as a traditional client server app with mysql.
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CitiBank can't get the money back they accidentally transferred to another company. https://www.bloomberg.com/news/articles/2022-08-15/citi-sues... You can say that's an edge case today but I and OP are saying, the future will look more like crypto looks today. Not a bright future.
> I and OP are saying, the future will look more like crypto looks today. Not a bright future. I don’t agree. I trust that loopholes like that will be slowly rectified with legislation if not present today. In fact, it’s likely that crypto will (problematically?) be heading the same way. There was a recent case of a crypto buff who found a bug in some project and made off with a few $Million and I think the courts sa…
You have cash in your house and someone breaks in to steal everything. The insurance will _maybe_ cover your loss given that you secured it with basic security. _Maybe_ the police will investigate and arrest the burglar.
But even in this situation, you were better off putting your savings in any bank account where any fraudulent transaction can be reverted with a button.
Now, you have your crypto wallet. It gets emptied by some random bot. Well, you are as fucked than with your cash, except that nobody will cover your loss and nobody will investigate your case since the burglar is probably from another country.
This is one of the biggest flaws in crypto. Small errors can erode hundreds of millions of value. That's when most crypto companies right now are very small. Can you imagine the chaos if crypto were to actually become big and dev count were to grow to 1k+ people spread across multiple offices? There's definite efficiency gains with crypto (a dex like Uniswap can do massive volume with very few developers for instance…
> This is one of the biggest flaws in crypto. Small errors can erode hundreds of millions of value. That's reality. Same thing would have happened if they had put all that cash on a boat, and accidentally sunk it.
Is there a good reason that the CLI is able to close a contract with money in it?
However there were other assets on the chain that are locked using the program which are now inaccessible because its inoperable.
Consider it like an operation that closes and deletes your user-account but returns you an archive of your home directory when it's complete. However all files that weren't in your home directory that were encrypted with your local user key now can't be read.
It's likely infeasible to predicate program deletion on the program no longer being referenced in other programs/contracts.
Disclaimer: I'm not a Solana expert (or a crypto advocate for that matter)
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You (and everyone really) should probably read some more comp.risks http://catless.ncl.ac.uk/Risks/ Certain fields have always had a high cost of programming error, including a cost in human life. It's just that cryptocurrency combines this with a first-to-market rush that's somehow still going on, encouraging a rush to error.
First to market is only part of the problem. Another self inflicted problem is that execution of those "smart" "contracts" cost tokens (so essentially money). This incentivizes developers to write the shortest possible code, without any "fluff" like tests or additional checks or more verbose style. And the immutability problem also increases severity of the problem - you either deploy immutable "contract" signifying…
It seems like the crypto community would do anything to avoid the legal/regulatory system and it's established processes of operation requirements, insurance and liabilities.
Doing that they regularly fail at performing the most basics of basic financial duties like not getting hacked and not throwing the keys to the kingdom.
I've yet to hear of a bank loosing funds and getting away with telling "tough luck" to their customers, but we've witnessed many crypto "banks" doing just that.