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by zzalpha
3653 days ago
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> Actually, a bug was exploited. That's called a loophole in a contract, and folks exploit those all the time. You're on the receiving end, which sucks, but based on the rules of the DAO, you have no recourse. The entire presupposition, when putting money into this thing, was that the code was the contract. Period. If you failed to audit the code to find the loophole, you signed on to a financial arrangement without fully understanding the nature of the contract. If you don't feel you're qualified to evaluate the terms of the contract, maybe we've just discovered a reason why "smart contracts" aren't such a great idea after all... |
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