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Where’s the part where anybody defrauded anybody? This was clearly incompetence that benefited nobody (certainly the developers would rather not have TITAN impl
by SiliconAlley 5y ago
Where’s the part where anybody defrauded anybody? This was clearly incompetence that benefited nobody (certainly the developers would rather not have TITAN implode and all of this USDC locked in a contract...). Embarrassing yes. Fraud? Pretty clearly no
- ceejayoz 5y agoIt's an example of a scenario where you can't sign certain rights away. Not specific to TITAN.
- lupire 5y agoHow can it be "locked"? Can't they deploy a protocol update to the members of the compute pool?
- acjohnson55 5y agoDepends on how you write the contract. If you make a smart contract unilaterally updatable, then it's no longer decentralized and trustless, because people with admin rights can plunder it, or can be extorted, or compelled by authorities to turn over the capital.