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> can never be hacked into Please don't say things like this.
by Retr0spectrum 9y ago
> can never be hacked into
Please don't say things like this.
- dondreytaylor 9y agoIf you can point to instances where the Ethereum blockchain has been compromised, we will entertain the idea of altering the wording.
- davidgerard 9y agohttps://davidgerard.co.uk/blockchain/the-dao/ https://davidgerard.co.uk/blockchain/the-dao/ https://blog.ethereum.org/2016/11/01/security-alert-solidity-variables-can-overwritten-storage/ https://blog.ethereum.org/2016/11/01/security-alert-solidity... You're assuming (1) perfection in the EVM and in your bytecode compiler (2) that mathematics protects you, when the real threat model is economic: The DAO fork happened because the whales were in danger of losing money.
- dondreytaylor 9y agoI was waiting for someone to link the DAO here. Yes, I completely get faulty EVM code (Solidity code) and bad economic models can lead to forks and all kind of other issues. However, our claim that DNN "can't be hacked" relates solely to the immutability of the blockchain. There has yet to be any substantiated claims that the blockchain itself is faulty, at least enough to serve as the demise of Bitcoin and Ethereum networks. "Can't be hacked" in the context of DNN, means articles published cannot be modified. Secondly, since we are on the topic of the DAO, at the end of the day, the failure of DAO had more to do with horribly written smart contract code and less to do with the blockchain itself. If you don't believe me, read it from Vitalik Buterin himself: https://blog.ethereum.org/2016/06/17/critical-update-re-dao-vulnerability/ https://blog.ethereum.org/2016/06/17/critical-update-re-dao-...