Hacker News new | ask | show | jobs
by nostrademons 1698 days ago
The issue with SQL injection and XSS is that there is usually no cost to the website with the vulnerability. They can keep on doing business as usual, after a suitable mea culpa, without significant consequences.

When there's a crypto vulnerability, the contract usually gets drained. It goes bankrupt. There is no funds and no viable business there. Therefore, there's not just a significant incentive to guard against security holes, but there's also a selection mechanism.

People underestimate the power of bankruptcy, failure, death, revolution, nonexistence, and other selection mechanisms. Selection bias is the most powerful force in nature, because natural systems without a selection mechanism tend to get selected away. Arguably a lot of the problems with our current economy come about because we fail to let things fail.