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The standard smart contracts are published by OpenZeppelin. Looking into these hacks, however, there are shockingly vulnerable unexpected and otherwise useless
by jl2718 5y ago
The standard smart contracts are published by OpenZeppelin. Looking into these hacks, however, there are shockingly vulnerable unexpected and otherwise useless “features” in them. I don’t think that the government could standardize contracts, but they could and really ought to be in the lead over threat prevention, incident response, and notification, because they are the only entity that can link on-chain to off-chain data.
- vmception 5y agoI’ve held this opinion from before OpenZeppelin existed, and I am glad they have helped tremendously. Governments can be a collaborative coding participant as we use this technology to re-evaluate the concept of governance and what redundancies the world actual needs to handle disputes or control behaviors with the pooled capital of taxpayers and the credit markets. Right now this conversation has been limited to “adversary or not”, and that’s also shortsighted. Fortunately they’ve all moved too slow and there is enough capital within the crypto ecosystem to capture them. So I dont think it will be an organic growth from here to this reality, just consensus flippenings as wealthy backers direct public agencies and legislatures to “do the needful”. As you might imagine, this was a much more extreme position to publicly have 6 years ago. But less absurd now, still not something to say on TV or in a web 2.0 office setting but at a bar or conference its understandable by people now, yay speculation driving innovation.