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That's ridiculous. If we're talking power disparities and differences in resources, corporations could just code up standard smart contracts with loopholes in t
by ummonk 4y ago
That's ridiculous. If we're talking power disparities and differences in resources, corporations could just code up standard smart contracts with loopholes in them that allows the corporations to steal from their customers. It's not like customers have the resources to carefully audit the smart contract and make sure there aren't any backdoors that the corporation has written in to exploit.
- theelous3 4y agoThis is a significantly more ridiculous premise than the one you're calling ridiculous.
- simonh 4y agoDuring the financial crisis Goldmans traded against the trades of their customers, who were making trades Goldmans had recommended they make. They made a few hundred million on it. Goldmans that is, not their customers.
- woojoo666 4y agoThat's like saying corporations can release complex open source code with backdoors in it and the userbase won't notice. Are there any big instances of this happening?