Crypto in 2026: Oh, This Is the Bad Place

Re:Crypto in 2026: Oh, This Is the Bad Place by toenail on Tuesday June 23, 2026 @10:35AM (#48645642)

Ethereum promised smart contracts where "code is law", but rewrote the rules of their system when a bug was found in the first popular smart contract, the DAO. That's when I lost all interest in it.

[ Parent | on HN ]

Re:Crypto in 2026: Oh, This Is the Bad Place by notpushkin on Tuesday June 23, 2026 @11:28AM (#48646618)

I think it’s okay. Crypto devs can’t make a hard fork each time they want to revert something, and even if they do, people decide how much it’s worth to them (by staying on the old chain, like ETC in this case).

People’s opinion is the ultimate law. If you find a loophole in a contract that gives you everybody’s money, people will just take it back.

[ Parent | on HN ]

Re:Crypto in 2026: Oh, This Is the Bad Place by Ar-Curunir on Tuesday June 23, 2026 @11:21AM (#48646486)

Cool. Do you still use computers, or?

[ Parent | on HN ]