Reply to post: Re: New and Creative Ways to Screw Up

DeFi venture OptiFi permanently locks up $661,000 of assets in code snafu

katrinab Silver badge
Alert

Re: New and Creative Ways to Screw Up

"Smart Contract" is another word for a computer program. Putting it on a blockchain means you can't upgrade it or do bug fixes.

Therefore they can only work if you are capable of writing a program that works first time, and as anyone who has ever done programming knows, that *never* happens.

POST COMMENT House rules

Not a member of The Register? Create a new account here.

  • Enter your comment

  • Add an icon

Anonymous cowards cannot choose their icon