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Again, it’s simple. You can’t get scammed by an open source project. It’s akin to running a script off of github that gives you a dollar for every two you give

Again, it’s simple. You can’t get scammed by an open source project. It’s akin to running a script off of github that gives you a dollar for every two you give it, and then playing victim when lose money. You had the choice to read through the code, you consented to the operation. The results of something you did to yourself are completely irrelevant, regardless of whether or not it worked in your favour. If you actually get scammed by a proprietary and centralized entity like FTX, then go after FTX and not me. Stop defending the redistribution of consequences, my money is not your basic human right.

colesantiago 4y ago
Please, we both know that users are not here for the code nor can or have the time to read through it, you shouldn't be kidding yourself about this fact and we know that you don't read the code of all the crypto smart contracts you interact with. This is why what your saying about 'open source' and 'reed the code' is irrelevant. > You can’t get scammed by an open source project...If you actually get scammed by a proprietary and centralized entity like FTX, then go after FTX and not me. Wormhole got exploited for $320M even though it was an open source DeFi project, this hack is the 2nd biggest of all time for a DeFi project. PolyNetwork got exploited for $620M even though it was an open source DeFi project, the biggest of all time. Where were those reading the code there to stop it? So when your wallet gets drained are you going to 'reed the code' to reassure yourself that you're not going to get your money back? > ...then go after FTX and not me. Stop defending the redistribution of consequences, my money is not your basic human right. It's already happening that FTX is being brought to the law, privacy coins will follow and will be outlawed as they already are from governments around the world. The law is doing all the work and the precedent for crypto will be set from there. You can have a tantrum all you want. But you wanted regulation and regulatory clarity, it's coming and it will affect the crypto prices negatively and will tread on your wallet.
- alphanullmeric 4y ago
  So you chose to run code you couldn’t read? On you again. Doesn’t make it any less voluntary. As far as I’m concerned, all those exploits were 100% fair game. Again, it’s not a centralized exchange. There is no CEO making promises to you, there are no guarantees. The code you chose to interact with behaved exactly as it was written. That’s what makes crypto unique, there are no “Bitcoin developers”, they don’t have any more power over bitcoin than anyone else. Their changes are only merged in because holders voted those changes in. That’s the very thing that makes it not a security. Don’t like that? Make better choices next time, or don’t use cryptocurrencies. As I said, that was always an option.
  - colesantiago 4y ago
    I don't use crypto or lose my money in crypto at all, you do. So I'm assuming you know every function and know the control flow of any crypto project or smart contract that your interacting with in detail and reviewing each PR. Unless you use a vulnerability scanner like everybody else and you don't bother reading the code. The Ronin Network (which is open source) was hacked for $620M even though the code was 'allegedly' solid and those playing Axie Infinity were indirectly affected and lost their money as a result. Where does 'reed the code' fit here? In the eyes of the law 'reed the code' is a moot point. You can't lose 'money' in the billions and expect no regulation or nothing to happen.

colesantiago 4y ago

Please, we both know that users are not here for the code nor can or have the time to read through it, you shouldn't be kidding yourself about this fact and we know that you don't read the code of all the crypto smart contracts you interact with. This is why what your saying about 'open source' and 'reed the code' is irrelevant. > You can’t get scammed by an open source project...If you actually get scammed by a proprietary and centralized entity like FTX, then go after FTX and not me. Wormhole got exploited for $320M even though it was an open source DeFi project, this hack is the 2nd biggest of all time for a DeFi project. PolyNetwork got exploited for $620M even though it was an open source DeFi project, the biggest of all time. Where were those reading the code there to stop it? So when your wallet gets drained are you going to 'reed the code' to reassure yourself that you're not going to get your money back? > ...then go after FTX and not me. Stop defending the redistribution of consequences, my money is not your basic human right. It's already happening that FTX is being brought to the law, privacy coins will follow and will be outlawed as they already are from governments around the world. The law is doing all the work and the precedent for crypto will be set from there. You can have a tantrum all you want. But you wanted regulation and regulatory clarity, it's coming and it will affect the crypto prices negatively and will tread on your wallet.

alphanullmeric 4y ago
So you chose to run code you couldn’t read? On you again. Doesn’t make it any less voluntary. As far as I’m concerned, all those exploits were 100% fair game. Again, it’s not a centralized exchange. There is no CEO making promises to you, there are no guarantees. The code you chose to interact with behaved exactly as it was written. That’s what makes crypto unique, there are no “Bitcoin developers”, they don’t have any more power over bitcoin than anyone else. Their changes are only merged in because holders voted those changes in. That’s the very thing that makes it not a security. Don’t like that? Make better choices next time, or don’t use cryptocurrencies. As I said, that was always an option.
- colesantiago 4y ago
  I don't use crypto or lose my money in crypto at all, you do. So I'm assuming you know every function and know the control flow of any crypto project or smart contract that your interacting with in detail and reviewing each PR. Unless you use a vulnerability scanner like everybody else and you don't bother reading the code. The Ronin Network (which is open source) was hacked for $620M even though the code was 'allegedly' solid and those playing Axie Infinity were indirectly affected and lost their money as a result. Where does 'reed the code' fit here? In the eyes of the law 'reed the code' is a moot point. You can't lose 'money' in the billions and expect no regulation or nothing to happen.