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Bounty: all the liquidity on the platform

• yata69420 4y ago
  Bounties do actually work to secure things. I understand why most people wouldn't want to be earlier adopters of smart contracts. A lot of people are going to lose a lot of money to a lot of contract bugs for a lot of years. But eventually that will stop, and the contracts will be stable, and the lessons will be learned. At some point along the bounty x time curve, there's a threshold where you'll have a greater confidence trusting contracts than centrally managed institutions. There was a time when banking over the internet was laughably insecure, but it saved so much time that people did it anyway. It took about 15 years before 2FA became standard practice and we're still weening people off of SMS. Securing contracts may take 10 years to happen, but posts like this show me that it's going to happen.
  • bawolff 4y ago
    When was banking over the internet particularly insecure?