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This was a critical success for Optimism's bug bounty program, if anything? No one got rug pulled. Optimism's liquidity could have been drained in the worst cas
by pshc 5y ago
This was a critical success for Optimism's bug bounty program, if anything? No one got rug pulled. Optimism's liquidity could have been drained in the worst case, and still ETH L1 would remain unaffected.
- jollybean 5y agoIt's great for a 'bounty program' - but it speaks negatively to the intercity of a system that is not supposed to have any centralised control.
- pshc 5y agoI think it speaks to the reality of a development process lead by humans in uncharted territory. Figure it out, audit it, test it for a long time, eventually cross fingers and blow the fuses. After that, either it successfully becomes a permanent public fixture, or maybe there's a small chance it implodes one day, who knows? Certainly anything that's absolutely mission critical should not live on these L2 networks yet.
- jollybean 5y ago"I think it speaks to the reality of a development process lead by humans in uncharted territory." Yes, exactly, and that's why we can't have distributed systems with 'no central authority' - if those systems are inherently and always faulty there needs to be intervention of some kind by an 'authority'. There is no such thing as a trestles system, the whole thing depends on webs of trust.
- pshc 5y agoI guess we’ll find out Soon(TM). Trustless computation is the plan. Maybe it’s possible to build a system that’s correct/antifragile enough, when you restrict yourself to some hundreds of lines of code tops?
- jollybean 5y agoThat could be true, but it doesn't matter until we find a real use case that transcends our regular systems.
- suikadayo 5y agoOptimism, Arbitrum, and other Ethereum L2 rollups plan to have decentralized sequencers. It’s all new technology so they’re taking it slow.