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by Jabanga 3247 days ago
>it's not imprecise to say that a more complex code base that didn't follow the best approach available likely has a bug.

It is imprecise because the Parity multisig bug is an outlier. There are numerous contracts both by 'crack' teams like Parity, and by teams with a less established reputation, that have not been found to have a critical bug in production.

Therefore, the evidence that most contracts have serious bugs is simply absent, and one can't accurately state that the odds of a contract being launched without a serious bug is "remote".

>Moreover, I was cautioning OP to be careful. One valid response to that is what he's already going to do (get an audit). This makes a bug less likely. The next phase would be a Bankor-style pilot+bounty. After that... well we just don't know.

Yes and I agree with your advice.

>Sorry, but unexploited is not unexploitable.

And the possibility that it is exploitable does not mean it is exploitable. I'm not saying that it's out of the question that there are numerous contracts out there with exploits. I'm saying that we can't assign a probability to that being the situation.