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Your comment reminds me of that xkcd: wow you suck at math vs wow girls suck at math, where girls equals crypto. 1 crypto project out of thousands does not rep
by ikt 5y ago
Your comment reminds me of that xkcd: wow you suck at math vs wow girls suck at math, where girls equals crypto.
1 crypto project out of thousands does not represent them all.
the reason this tweet is even being discussed is because it is so unusual.
- forty 5y agoI believe that the fact that bugs are hard to fix and that operations are hard to revert is a pretty common property of most crypto-currency/asset/contact and that's what makes them IMO impractical for many usages, and in particular currency
- toolz 5y agoHow many crypto bugs to date have you followed that you would classify as harder to resolve than it's more traditional counterpart?
- Salgat 5y agoThat fact that it can happen at all when a time-proven solution has already existed for centuries is telling. I don't know why people think having irreversible transactions where no recourse, even legal, can force a reversal of the transaction, is a good thing.
- PKop 5y agoThe rate at which bugs like this happen isn't the dominant metric of risk here, it is that when they happen they are often catastrophic and ruinous. And so it could be that, though rare, playing in this game eventually equals ruin the longer you are in it. Good discussion of these types of risk[0], "The Logic of Risk Taking" by Taleb [0] https://medium.com/incerto/the-logic-of-risk-taking-107bf41029d3 https://medium.com/incerto/the-logic-of-risk-taking-107bf410...