What is the benefit of deploying something on a platform controlled by no one? Why not just run all of those things on a server you own?
disclosure: I work for a crypto company
We are yet to see a working example of that.
> Meanwhile, users of FTX depended on government regulation and pinky-swears to keep their money safe, but since SBF owned the platform he could do whatever he wanted.
These two sentences contradict each other. And no, there was no government regulation that insured FTX deposits. There was so little regulation, they didn't even keep their transaction history.
I referenced Uniswap, which seems like it works to me
> These two sentences contradict each other. And no, there was no government regulation that insured FTX deposits. There was so little regulation, they didn't even keep their transaction history.
There's no public insurance for it, but if there were no regulations against doing what FTX did I'm not sure why their executives are fleeing the country
People who are affected are just dumb or they had it coming, anyway.
Funny how there now have been multiple contracts which successfully passed multiple audits, have survived bug bounties, and still had errors in them.
But sure, do tell me how you can audit and instantly spot all the issues in a smart contract.
> users of FTX depended on government regulation and pinky-swears to keep their money safe, but since SBF owned the platform he could do whatever he wanted.
FTX was deliberately set up ouside of government regulation, and with no oversight.