Re:Nomad drained of $150m due to a coding mistake
by latchkey on Tuesday August 02, 2022 @07:21PM
(#32325574)
Yes! This is exactly the premise of Jeff's essay [1] that I mentioned in comments below.
This gets messy fast when there is an issue and even worse is that there isn't a published plan for how to deal with things when they do come up. Everyone is betting on it all executing perfectly and given the complexity and value at stake here, chances are that at some point now, or in the future, it won't go well.
This gets messy fast when there is an issue and even worse is that there isn't a published plan for how to deal with things when they do come up. Everyone is betting on it all executing perfectly and given the complexity and value at stake here, chances are that at some point now, or in the future, it won't go well.
[1] https://github.com/stickfigure/blog/wiki/Proof-Of-Stake-Wear...