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A comment on Missing line in a smart contract leads to $10M hack. Parent comment

Re:Missing line in a smart contract leads to $10M hack by intotheabyss on Sunday May 16, 2021 @11:03PM (#27179683)
Except it's not at all. You can take synthetic TSLA shares and deposit those as collateral to mint stablecoins as a loan. Where else can you do that from your web browser at 10am on a Sunday and confirmed in 30 seconds?
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Re:Missing line in a smart contract leads to $10M hack by Daishiman on Sunday May 16, 2021 @11:43PM (#27179862)
Clearly the demand for this isn't exactly as important as anyone claims given the abject failure of the microloans industry to pan out.

The problem with loans generally isn't that you can have one at 10Am on a Sunday morning.

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Re:Missing line in a smart contract leads to $10M hack by ryanmarsh on Monday May 17, 2021 @10:58AM (#27184195)
I've always thought the retail lending side of DeFi was silly. The risk is too high. Screenshot this, mortgage backed securities will be the first major success of blockchain debt based products.
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