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We need to get better at spotting bad actors, the future of Web3 depends on it
- ColinWright 5y agoThis is a thread describing an exploit, the title is selected from the middle because it highlights the tension here. Even though the code was reviewed, the coin was vulnerable, and yet people still think "Web3" should be based on this sort of technology. Reactions elsewhere to this include: > Someone fraudulently made a little over US$110,000 in Ethereum with peer-reviewed code (!!) and a bait-and-switch scheme exploiting FOMO. The only reaction is “we should do better” -- https://mathstodon.xyz/web/statuses/107563745934015458 https://mathstodon.xyz/web/statuses/107563745934015458 And: > So this person sees how deeply broken all this blockchain stuff is, when even open and reviewed code can be used to irrevocably steal large amounts, yet the still think the whole fucking Web should run on the same broken infrastructure. -- https://mathstodon.xyz/web/statuses/107563776018101944 https://mathstodon.xyz/web/statuses/107563776018101944