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I stopped trusting Ethereum in 2017 at the Parity multisig bug: https://blog.comae.io/the-280m-ethereums-bug-f28e5de43513 https://blog.comae.io/the-280m-ethereu
by xiphias2 6y ago
I stopped trusting Ethereum in 2017 at the Parity multisig bug: https://blog.comae.io/the-280m-ethereums-bug-f28e5de43513 https://blog.comae.io/the-280m-ethereums-bug-f28e5de43513
Even in the bug fix there wasn't any unit testing involved. I'm using multisig to store all my Bitcoins, so it scared me extremely. With Bitcoin I read through the multisig code (stack machine) before putting money onto the blockchain. With Ethereum the code changes so fast, that with all the hard forks I wouldn't be able to verify the code. ,,Don't trust, verify'' doesn't work there.
- nootropicat 6y agoThat was a bug in the smart contract, not ethereum. Ethereum never had base layer bugs that allowed for infinite inflation, bitcoin had - last time in 2018.
- xiphias2 6y ago,,That was a bug in the smart contract, not ethereum'' Great, then I'm just not planning to use smart contracts in Ethereum, I'll be fine without them. You're right about the Bitcoin bug, but Ethereum had a lot of its own bugs (with downtimes as well). I'm not trying to argue with you, because I'm sure you know about them, just fail to accept.