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Why smart contracts are not for you (or me)
A friend asked: “So you don’t think smart contracts are ever going to be … secure and useful?” Here’s my response: “Ever” is a long time, but … let me tell a quick story: When I raised venture capital during the dot-com bubble, if memory serves, the combined legal bill for my company’s Series A…
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The Ethereum/DAO attack — what’s the message being sent here?
So some guys say “code is law, this time it’s for real, and it sits on the Ethereum block chain”. Then, oops, the code does not do what it was intended to do, and … well, the only thing that comes to mind is Douglas’ Adams “so God said: ‘Oops, I didn’t think of that’…