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No, checkout decentralized finances (DeFi). You are leaving your money with an smart contract, which is an inmutable piece of software. https://en.m.wikipedia.
by jfroma 5y ago
No, checkout decentralized finances (DeFi). You are leaving your money with an smart contract, which is an inmutable piece of software.
https://en.m.wikipedia.org/wiki/Decentralized_finance https://en.m.wikipedia.org/wiki/Decentralized_finance
- ptx 5y agoSo they must have solved the problem of writing completely bug-free software then? Otherwise leaving your money with an unpatchable service seems like a really bad idea.
- jfroma 5y agoI can see you didn't click the link otherwise you will have read the section about that. "They" didn't solve that problem, it is not the solution to all problems in finances. So, whats your point? Vaccines does not prevent 100% of infections, does that means that they are worthless? Nirvana fallacy: https://en.wikipedia.org/wiki/Nirvana_fallacy https://en.wikipedia.org/wiki/Nirvana_fallacy
- ptx 5y agoWhich section are you referring to? The one that says "Coding errors and hacks are common in DeFi"? You said that the contract, i.e. the software, is immutable. This means that it can't be patched. If it can be patched it's not immutable, excepting semantic trickery like each version of the contract being immutable while what "the contract" points to can be changed in order to patch it.