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Doesn't this show an issue with the Distributed Systems on Ethereum, with every script that has to be audited individually, and not with the platform itself? I
by jpereira 10y ago
Doesn't this show an issue with the Distributed Systems on Ethereum, with every script that has to be audited individually, and not with the platform itself?
I'm with you on the fact that proper auditing is an absolute must, as this DAO fiasco shows, but I don't think this event exposes any flaws in the Ethereum platform itself.
- sphen 10y agoI recently attended an Ethereum workshop that was scheduled for two hours. Three hours later and most of the audience were no more wise about Ethereum than when they first entered the room. It certainly didn't help that workshop was led by web developer (a passionate Ethereum supporter) who had no interest in the concensus algorithm or other dense technical issues, but what was quickly apparent to me was that Ethereum has a steep learning curve. With such technologies, it is important to take more time to understand the concepts and the details. Maybe in the rush for VC money, some developers have failed to grasp that.
- woah 10y agoThe consensus algorithm is actually not that important for understanding day to day stuff. Some "private blockchains" actually just use round-robin.
- malux85 10y agoAgreed - this is a problem with the DAO, not with the ethereum network itself.
- mbrock 10y agoIt seems that we need formal verification for smart contracts and maybe a more restricted language that makes it easier to reason about correctness. Obviously it's not enough to just say "some guys did a security audit and everything looks fine."
- lallysingh 10y agoYes! It's not like the technology isn't already there, well documented, and waiting for use.