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Do the people opting in truly appreciate that one software bug could empty their account?
by MattGaiser 5y ago
Do the people opting in truly appreciate that one software bug could empty their account?
- voldacar 5y agoPeople who interact with non-bitcoin crypto tend to be a lot more knowledgable about the tech and its implications than an average person. So I would say the answer is probably yes.
- tigershark 5y agoAh yes. All the geniuses that are around the crypto subreddits for example. Definitely Turing award level.
- voldacar 5y agoI didn't say they were geniuses, just that they were more familiar with the tech and its implications than the average person. Smart contracts have been around for a while and we basically know the scope of the catastrophes that can result from bugs in smart contract code. The DAO hack was years ago. This is not a new problem space
- TigeriusKirk 5y agoMost all of the people in defi do, yes. It's happened a number of times now, so you'd have to work pretty hard to understand enough to use defi but not be aware of the risks.