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This is good for Bitcoin.
by rinze 3y ago
This is good for Bitcoin.
- pid-1 3y agoFew understand
- VHRanger 3y agor/buttcoin is leaking into HN!
- deleted 3y ago[deleted]
- tripplyons 3y agoThey also are referring to ETH and LTC as commodities in the complaint, which is good for them.
- rjzzleep 3y agoMaybe for the longterm, but short term?
- incrudible 3y agoIt might be good for DeFi, which has derivatives trading too, at this point.
- joyfylbanana 3y agoThe so-called DeFi is full of centralized choke points, such as stablecoins and other centrally issued securities
- therein 3y agoNot to mention the use of `ProxyContracts` that obfuscate changes to the actual contract implementation. When you interact with a certain contract, you are likely interacting with the ProxyContract which relays your calls to the actual contract. The proxycontract is often under lock or has multiple signatories to amending but the "origin" contract doesn't. So many DeFi projects get "audited by Certik" actually just get their proxy contracts audited and there is nothing in there but a single line per function, calling the origin contract.
- cryptoboy2283 3y agoCare to share an example?
- therein 3y agoMMF was one of many. I reckon the recent SafeMoon incident was also under a similar cover of "audited but not audited". https://twitter.com/CertiKAlert/status/1640974656696991745?cxt=HHwWgoC-nbHw9MUtAAAA https://twitter.com/CertiKAlert/status/1640974656696991745?c... `This upgrade was not within the scope of our audit.`
- arbol 3y agoProxy contracts are necessary to perform upgrades to functionality over time. However auditing the proxy only is shady
- m00dy 3y agoTrading futures on Defi is absolute future. P.S.: I'm an investor/liqudity provider for most of protocols doing this.
- 3y ago
- sleepybrett 3y agoCame here to say this, but now just here to watch the people who don't understand the meme.