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That's exactly what hit etherium in its early days. A bad actor programmed a contract that vaccuumed all VC money attached to the system. There was/is(?) a grea
by sovietmudkipz 10y ago
That's exactly what hit etherium in its early days. A bad actor programmed a contract that vaccuumed all VC money attached to the system. There was/is(?) a great debate on wether to invalidate the transaction (defeating the stated goal of "no central authority" in the system) or letting it ride, and allowing the bad actor his spoils.
It happens; gotta look out for those edge cases.
- adrianN 10y agoI still don't think that it was a bad actor. The Etherium guys explicitely said that the code is the contract. If the code allows you to get all the money, then it's not malicious to do so. It's like the tax code. Leaving your profits in a foreign country to avoid paying higher taxes at home is not malicious, it's just the best way for you to comply with the law.