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I question your premise. If you analyze "by weight instead of by volume" then I maintain that all of the important projects you hear about--think of the decentr
by saurik 5y ago
I question your premise. If you analyze "by weight instead of by volume" then I maintain that all of the important projects you hear about--think of the decentralized exchanges or lending platforms, such as Uniswap--do not have back doors in their contracts for centralized code updates: when Uniswap wants to build a new version, they release a totally new system that happens to share a name.
That there are a large number of silly projects most people haven't heard of, or random tutorials on the web for getting started in crypto, that involve building contracts with backdoors is no different from any technology... most stuff isn't scalable or even slightly secure, even if the products from the biggest companies and used by the most people tend to be: like think how many websites have ubiquitous SQL or HTML injection attacks... only "by volume" (looking at the total number of such websites, irrespective of how much use they get) as "by weight" (looking at the websites you use during the course of a day by how much you use them) I bet almost none of them do.