4 ms·
After the DAO debacle the Ethereum story is dead to me: - it is not feasible to write or verify safe "smart contracts" without having excellent code analysis s
by UweSchmidt 10y ago
After the DAO debacle the Ethereum story is dead to me:
- it is not feasible to write or verify safe "smart contracts" without having excellent code analysis skills. Similarly to cryptography you really have to get it right. This is on top of the security problems of bitcoin (securing your computer, securing the exchange, understanding and persecute any crime committed against you)
- the DAO hack was not handled well by the community, to me it seems everyone is in it to make some quick money, or maybe for the lulz? There was a fork, and now you get to experience a massive cognitive dissonance when moving between /r/ethereum and /r/ethereumclassic; nothing constructive can come out of this.
- the blockchain technology makes it quite difficult to build practical apps (judging from my experience building a tic tac toe game for two players on a private blockchain, and the quality of the stuff that was out there last time I checked).