Thorchain is evil for being trustworthy and fulfilling the service it promises to its users?
No, it’s Ethereum that is evil, for doing almost nothing to prevent the hacks and financial attacks in the first place.
Zero attempt by Ethereum to force dApps to make explicit promises about what the dApps will do before you interact with them, let alone force dapps to supply proof up-front that those promises will be fulfilled.
100% technically possible already, since years ago, for a wide range of dapps and a wide range of common attacks, especially simple defi apps, but they’ll never do it.
Why?
It’s just Windows & the antivirus companies in the 90s.
“We just leave everything, including security, to the market to solve”
= Suddenly billions to be made by NOT fixing the security problem at its root.
Suddenly a huge industry of multi-billion dollar antivirus companies.
Same has happened today with Ethereum.
Little money to be made by fixing the problem at its root, compared to the huge money to be made by selling bandaids and actively exploiting.
“Leave it to the market” doesn’t work for things that belong as part of the core of the platform, but the platform has a stronghold on the market, blocking competitors who would put what’s missing in the core platform, opposite of open market.
Thorswap good, catching the rap for the real culprit, Ethereum (and all the Ethereum clone chains.)
🐻🐻🐻
No, it’s Ethereum that is evil, for doing almost nothing to prevent the hacks and financial attacks in the first place.
Zero attempt by Ethereum to force dApps to make explicit promises about what the dApps will do before you interact with them, let alone force dapps to supply proof up-front that those promises will be fulfilled.
100% technically possible already, since years ago, for a wide range of dapps and a wide range of common attacks, especially simple defi apps, but they’ll never do it.
Why?
It’s just Windows & the antivirus companies in the 90s.
“We just leave everything, including security, to the market to solve”
= Suddenly billions to be made by NOT fixing the security problem at its root.
Suddenly a huge industry of multi-billion dollar antivirus companies.
Same has happened today with Ethereum.
Little money to be made by fixing the problem at its root, compared to the huge money to be made by selling bandaids and actively exploiting.
“Leave it to the market” doesn’t work for things that belong as part of the core of the platform, but the platform has a stronghold on the market, blocking competitors who would put what’s missing in the core platform, opposite of open market.
Thorswap good, catching the rap for the real culprit, Ethereum (and all the Ethereum clone chains.)
🐻🐻🐻
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