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Rune says the system would have probably been hacked and a total disaster if he had released it as it was, but at the time, he was part of a cohort of Ethereans who believed smart contracts were invincible and unbreakable. “Build unstoppable applications,” the Ethereum.org website would later say. Not only that, but many believed anything was better if it was decentralized. The thinking was, if you picked any business idea and somehow added blockchain technology, it would be an instant success. It didn’t matter if a distributed ledger was actually needed. Decentralization was hailed as a goal ...more
The Infinite Machine
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