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This article has aged badly. There is currently a huge amount of money in intricate smart contracts on Ethereum, not being hacked. For example, there is $250,0
by woah 8y ago
This article has aged badly. There is currently a huge amount of money in intricate smart contracts on Ethereum, not being hacked.
For example, there is $250,000,000 worth of Ether in the MakerDAO contract, collateralizing around $70,000,000 in DAI, a decentralized stablecoin that has maintained its peg to the dollar during a 90% price drop of the underlying asset, Ether.
This blog post reads like someone in 1992 using some obscure hypothetical FTP server bug to argue that secure computer networks are by definition impossible.