[mikeyouse]

The entire crypto ecosystem seems insane to me. So for your money to be safe - you need to be sure that largely anonymous devs wrote bug-free code on some of the most complex parts of implementing already complex logical proofs. Oh and the Red Team has hundreds of millions of dollars of incentive to line-by-line your code and exploit it. Yeesh.

This thread linked elsewhere here is par for the course -- so many things done right in the code, but one important thing done wrong: https://twitter.com/samczsun/status/1578185275062132736

[latchkey]

You could say this of any "important" code though.

https://everydayastronaut.com/mars-climate-orbiter/

[UncleMeat]

A mars orbiter doesn't have adversaries.

[latchkey]

Gravity is a bitch.

[UncleMeat]

Writing programs that work is indeed hard. I suspect that the folks writing code for space exploration are good at their job. But it is different dealing with adversarial behavior.

[latchkey]

> But it is different dealing with adversarial behavior.

That's your opinion. Integration tests on another planet are just as hard as integration tests across a crypto bridge. One can even argue that an integration test on another planet is more difficult.

[TomSwirly]

Gravity is a mindless and completely predictable force, not an adversary looking for loopholes.

[mikeyouse]

Right - but I'm not personally trying to orbit Mars and 0% of my net worth is tied up in NASA contractors getting their units right, so that code quality doesn't impact me at all. Also no hopelessly conflicted VCs are underwriting Superbowl ads to get me to store my money with the next Climate Orbiter.

[latchkey]

Early days of the internet, people were afraid to put their credit card into a website.

The main reason we are not afraid to do this today is because we usually get a refund if there is an issue. This is subsidized with the profits the credit card companies make from that 16%+ APY they charge people with revolving debt.

Credit card companies do all sorts of silly advertisements and cards get hacked all the time...

We can go in circles on these comparisons all day long. We have a choice... either keep the status quo, or try to work towards a future where we don't have to give up our privacy and information in order to just buy something on the internet so that we can have ads follow us around.

Whether cryptocurrencies are that solution, is irrelevant... the part where people are working on these sorts of things at all, is what I care about. I personally, would rather be able to provide liquidity and take out a loan without having to ask permission first.

[hypertele-Xii]

I'd rather just work towards a future without ads, than reinvent the entire banking system.