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Same boat. I read this and the key take away is a bunch of buzzwords and smart contracts are still stupid. eth peeps get rugpulled again! lest we not forget ET

Same boat. I read this and the key take away is a bunch of buzzwords and smart contracts are still stupid. eth peeps get rugpulled again! lest we not forget ETC ethereum classic is actually the real eth chain except they forked it to salvage the DAO debacle - except the internet has a short memory and no one remembers this any more. inb4 ETH3 fork

xtracto 5y ago
> smart contracts are still stupid. Haha, smart contracts are as stupid as the average "intelligent home" only worse: They cannot be updated. People writing smart contracts should be the ones coming from a firmware/embedded writing background, not "webdevs". Right now DeFi smart contracts look like the 90s web: Tons of "Defaced" website every week. Of course now there's a stronger incentive given that monetary value is involved.
- wmf 5y ago
  Upgradeable smart contracts are now a thing, although obviously you have to trust the governance structure that controls the upgrades.
  - gus_massa 5y ago
    Upgradable contracts look like a good idea until some hacker finds bug and upgrades the contract and the upgraded version is just a contract that sends all the money to her/his account.
- xur17 5y ago
  > People writing smart contracts should be the ones coming from a firmware/embedded writing background, not "webdevs". Right now DeFi smart contracts look like the 90s web: Tons of "Defaced" website every week. Of course now there's a stronger incentive given that monetary value is involved. This is an overly broad statement that doesn't accurately represent the entire space. There are a good number of projects with very experienced developers that use rigorous testing, multiple audits, etc. There are also teams that yolo smart contracts with very little testing. Assuming every project in the space is the latter is quite inaccurate.
  - xtracto 5y ago
    Exactly th le same as the 90s. There were several serious companies and other not that serious. A cursory look at rest.news shows the amount of projects that have been pwned.

xtracto 5y ago

> smart contracts are still stupid. Haha, smart contracts are as stupid as the average "intelligent home" only worse: They cannot be updated. People writing smart contracts should be the ones coming from a firmware/embedded writing background, not "webdevs". Right now DeFi smart contracts look like the 90s web: Tons of "Defaced" website every week. Of course now there's a stronger incentive given that monetary value is involved.

wmf 5y ago
Upgradeable smart contracts are now a thing, although obviously you have to trust the governance structure that controls the upgrades.
- gus_massa 5y ago
  Upgradable contracts look like a good idea until some hacker finds bug and upgrades the contract and the upgraded version is just a contract that sends all the money to her/his account.
xur17 5y ago
> People writing smart contracts should be the ones coming from a firmware/embedded writing background, not "webdevs". Right now DeFi smart contracts look like the 90s web: Tons of "Defaced" website every week. Of course now there's a stronger incentive given that monetary value is involved. This is an overly broad statement that doesn't accurately represent the entire space. There are a good number of projects with very experienced developers that use rigorous testing, multiple audits, etc. There are also teams that yolo smart contracts with very little testing. Assuming every project in the space is the latter is quite inaccurate.
- xtracto 5y ago
  Exactly th le same as the 90s. There were several serious companies and other not that serious. A cursory look at rest.news shows the amount of projects that have been pwned.