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A comment on Perpetual Futures. Parent comment

Re:Perpetual Futures by Saline9515 on Saturday December 06, 2025 @04:24AM (#46171893)
The basis of decentralized software is open-source. Otherwise a centralized authority can just push an update to, for instance, blacklist addresses.

https://github.com/hyperliquid-dex/node

"For lowest latency, run the node in Tokyo, Japan."

Decentralization means to run all of the closed-source nodes in the same AWS datacenter!

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Re:Perpetual Futures by monokh on Saturday December 06, 2025 @04:55AM (#46172037)
And in fact they did just this when their vaults started bleeding money on an unfavourable position (JellyJelly). They handed out a closed source binary and the validators ran it immediately, closing out the market at an arbitrary price.
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Re:Perpetual Futures by trhway on Saturday December 06, 2025 @06:45PM (#46177682)
The basis of decentralized software is open protocol. Then it doesn't matter that somebody runs closed source while somebody runs open source.
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