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A comment on SafeDollar ‘stablecoin’ drops to $0 following DeFi exploit on Polygon. Parent comment

Re:SafeDollar ‘stablecoin’ drops to $0 following DeFi exploi... by admax88q on Monday June 28, 2021 @03:20PM (#27666483)
If your smart contract can only process tiny amounts of money, then it's no useful.
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Re:SafeDollar ‘stablecoin’ drops to $0 following DeFi exploi... by raverbashing on Monday June 28, 2021 @03:28PM (#27666628)
That's not what I'm saying. But sure, if you think you can write smart contracts without bugs for all means don't set a limit.

I'm saying you should define a ceiling for your smart contract so in case of a bug, no transactions over that ceiling go forward.

So if you have a stupid bug that causes you to transfer 1BTC instead of 0.001BTC you don't lose all your money.

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Re:SafeDollar ‘stablecoin’ drops to $0 following DeFi exploi... by recursive on Monday June 28, 2021 @06:52PM (#27669334)
What's the distinction? That just means you won't be able to use smart contracts for anything useful.
[ Parent | on HN ]