[tcmart14]

I do some work with financial tech and let me tell you, working with integration partners for payment processing who are fully into crypto made me realize, we shouldn't trust these people with our financial system. I had to explain to a senior engineer with 20+ years of experience why he shouldn't rely on floating point to calculate service fees (their calculations were always wrong and over charged our customer's customers because they used floating point). Can't calculate a 3.5% service fee properly, but will tell you why he so so much smarter than the everyone in traditional finance (who don't fuck up this calculation). And this has been an ongoing problem for a year, to the point that we built around their system because we can't trust their system does what they say.

[lgleason]

That is the tip of the iceberg from what I've seen in the space. I've seen poor security, amateur hour with servers, connectivity etc..

[Gazoche]

Yep. The number of crypto hacks reported by https://www.web3isgoinggreat.com is just mental. Over 100m$ stolen in multiple hacks just this week, and it's not even a particularly busy one.

[tcmart14]

I completely forgot about this site. Thanks for the reminder that this exists!