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No, that's why many people is working on it now. If you compare old smart contract with new ones, you will see that things are slowly getting fixed. For e.g.,

No, that's why many people is working on it now. If you compare old smart contract with new ones, you will see that things are slowly getting fixed. For e.g., you could literally send NFTs to any address (including a smart contract address) which make things stuck forever. Now there's a safe way to transfer things which check whether or not it is a valid address. And this became the de facto standard for almost any NFT smart contract. All these didn't came out of nowhere.

dmitriid 4y ago
Exactly. So when you write something like this: "instead we trust code that is emotionless, non-judgemental and consistent." what you're really saying is: "we trust a bunch of programmers to write perfect code" when even those programmers cannot understand the code they write: https://news.ycombinator.com/item?id=31692704 https://news.ycombinator.com/item?id=31692704
- cy_overlord 4y ago
  In an ideal world, things will be build to facilitate the trust, we don't have to trust any programmer at all. The trust in put on the code itself which not one but all of us agreed upon. Today, we don't have the tools to allow people to actually understand it but it doesn't mean that we won't in the future. Abstraction layers will be built. Of course this is an optimistic speculation. I'm personally not attached to crypto in anyways but I'm excited about innovative opportunities that it enabled.
  - dmitriid 4y ago
    > In an ideal world There are ponies and magical unicorns that grant you wishes. > Abstraction layers will be built. And those abstractions will definitely be built and will be different from any existing ones because? And once again we will have to trust people building them that they are built correctly. > I'm excited about innovative opportunities that it enabled. And those innovative opportunities are what exactly?
    - cy_overlord 4y ago
      An opportunity to do things differently. The Internet today have flaws and we had exhausted all the possible way to build a better one on existing technology. Blockchain present us with a new way to coordinate online activities and transactions. It's the right path forward? We don't know, at least not until we exhaust all the possible options and therein lies a lot of opportunities for technical breakthroughs that could possible solve all the concerns we had, technically.
      - dmitriid 4y ago
        > An opportunity to do things differently. The Internet today have flaws and we had exhausted all the possible way to build a better one on existing technology. Demagoguery > Blockchain present us with a new way to coordinate online activities and transactions. No it doesn't. Blockchain is a distributed spend-only log. There are very few if any applications for it. > therein lies a lot of opportunities for technical breakthroughs that could possible solve all the concerns we had, technically. Yeah, yeah, magical blockchain will solve all the issues, we just have to believe hard enough.

dmitriid 4y ago

Exactly. So when you write something like this: "instead we trust code that is emotionless, non-judgemental and consistent." what you're really saying is: "we trust a bunch of programmers to write perfect code" when even those programmers cannot understand the code they write: https://news.ycombinator.com/item?id=31692704 https://news.ycombinator.com/item?id=31692704

cy_overlord 4y ago
In an ideal world, things will be build to facilitate the trust, we don't have to trust any programmer at all. The trust in put on the code itself which not one but all of us agreed upon. Today, we don't have the tools to allow people to actually understand it but it doesn't mean that we won't in the future. Abstraction layers will be built. Of course this is an optimistic speculation. I'm personally not attached to crypto in anyways but I'm excited about innovative opportunities that it enabled.
- dmitriid 4y ago
  > In an ideal world There are ponies and magical unicorns that grant you wishes. > Abstraction layers will be built. And those abstractions will definitely be built and will be different from any existing ones because? And once again we will have to trust people building them that they are built correctly. > I'm excited about innovative opportunities that it enabled. And those innovative opportunities are what exactly?
  - cy_overlord 4y ago
    An opportunity to do things differently. The Internet today have flaws and we had exhausted all the possible way to build a better one on existing technology. Blockchain present us with a new way to coordinate online activities and transactions. It's the right path forward? We don't know, at least not until we exhaust all the possible options and therein lies a lot of opportunities for technical breakthroughs that could possible solve all the concerns we had, technically.
    - dmitriid 4y ago
      > An opportunity to do things differently. The Internet today have flaws and we had exhausted all the possible way to build a better one on existing technology. Demagoguery > Blockchain present us with a new way to coordinate online activities and transactions. No it doesn't. Blockchain is a distributed spend-only log. There are very few if any applications for it. > therein lies a lot of opportunities for technical breakthroughs that could possible solve all the concerns we had, technically. Yeah, yeah, magical blockchain will solve all the issues, we just have to believe hard enough.