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Ethereum was introduced in 2014, so I'd say blockchain based smart contracts are only 6 years old max. Try looking past bitcoin and see what's happening in DeFi
by companyhen 6y ago
Ethereum was introduced in 2014, so I'd say blockchain based smart contracts are only 6 years old max. Try looking past bitcoin and see what's happening in DeFi. https://defipulse.com https://defipulse.com - any of the top projects are worth looking into. Don't be so quick to judge. A lot of progress has been made the past year and DeFi is much more sustainable.
Imagine if Facebook did something like this with $FB stock to reward it's early users: https://www.theblockcrypto.com/linked/78255/140k-addresses-uni-claims https://www.theblockcrypto.com/linked/78255/140k-addresses-u...
- arcticbull 6y agoSmart contracts are the worst idea in history of bad ideas, maybe even ever. As a software engineer you know bugs exist. Software as immutable monetary contract law which cannot be appealed to anyone is a doubly bad idea as any bug is a vector for literally everyone losing literally everything, forever. Plenty of examples exist. Remember the DAO? Nothing's changed since then except people decided to "be more careful next time." > Imagine if Facebook did something like this with $FB stock to reward it's early users. Why would a company do that? It doesn't make sense. If a service is valuable you don't need to pay people to use it, they pay you to use it. You know, business, where money is exchanged for goods and services?
- vmception 6y agoThe Proxy Delegate design pattern has changed smart contract permanence and offers an upgrade path OpenZeppelin has this in their deployment packages now People have often been giving the keys to update to multiple community members now