Re:Web3 Is Not Decentralization
by thr0wawayf00 on Thursday December 09, 2021 @07:58AM
(#29496830)
> I'm not saying smart-contracts are immune to these issues but the transparency of the bytecode being public is huge IMO.
I think this is a tad overrated, honestly. The DAO was open-source and that didn’t prevent it from being hacked and ETH hard-forked. I’m not against this kind of transparency, but DAO proved that it’s no silver bullet because the rate at which they shipped code made the whole transparency point moot.
I think this is a tad overrated, honestly. The DAO was open-source and that didn’t prevent it from being hacked and ETH hard-forked. I’m not against this kind of transparency, but DAO proved that it’s no silver bullet because the rate at which they shipped code made the whole transparency point moot.