Re:SafeDollar ‘stablecoin’ drops to $0 following DeFi exploi...
by rspeele on Monday June 28, 2021 @02:17PM
(#27665490)
Putting your money in one of these smart contracts is like getting on a fully autonomous plane, with no pilot.
And you get a refund for your plane ticket if you reach your destination, but if you don't, whoever figured out the trick to crash the internet-connected plane gets to keep all the ticket money. And that could be the same person who wrote the plane's software.
And you get a refund for your plane ticket if you reach your destination, but if you don't, whoever figured out the trick to crash the internet-connected plane gets to keep all the ticket money. And that could be the same person who wrote the plane's software.