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@maddiefuzz @Torfinn@infosec.exchange @risottobias @mav @EposVox 100% this

I think smart contracts and blockchains are neat and fun to play with, but 99% of the problems so-called "web3" tech solves are solved with less overhead with existing tech or are problems invented to be solved by "web3".

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@shi @maddiefuzz @Torfinn [infosec.exchange] @risottobias @EposVox

yep.

I have had tons of these 'discussions' on the ol' birdsite and have come to the conclusion that blockchain is a mind virus. At some point you come to believe any problem can be solved by it, and simply refuse to consider its shortcomings altogether. It's like if the libertarian hellscape of Silicon Valley was an actual drug.

And the idea of programmable transactions is interesting; the idea of programmable _currency_ is terrifying, and should send icy cold chills through the nerves of anybody in infosec. We've been dealing with the same buffer overflows for decades before Aleph One wrote "Smashing the Stack for Fun and Profit," and we are still dealing with them almost thirty years later, and people want to program currency and then make that program's transactions immutable? It's like somebody wrote every bad idea at once and drew them out of a hat in random order.

end rant, sorry. I find this frustrating.

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@mav @maddiefuzz @Torfinn@infosec.exchange @risottobias @EposVox
It's also very telling that most of the loudest voices touting cryptocurrency/smart-contracts/blockchain/NFTs as the solution to literally everything are people with a _VERY_ cursory understanding of the actual tech behind those things; most of them are crypto-currency/token gamblers who understand _JUST_ enough to maneuver MetaMask to buy monkey JPEGs.

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@mav @maddiefuzz @Torfinn@infosec.exchange @risottobias @EposVox And the scary thing is these systems don't ONLY carry the risks of all "regular" software, like memory management issues, but also introduce a whole NEW set of problems.

We've already seen revenge porn tokens been transferred to people's wallets, doxxed details stored on the blockchain, etc. and the "solutions" to these problems have been barely band-aids

If this stuff actually would scale to wider use by the general public, it'd be pandemonium.

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@shi @maddiefuzz @Torfinn [infosec.exchange] @risottobias @EposVox

> but also introduce a whole NEW set of problems.

oh god, right? My knowledge of this is all fairly rudimentary, and even that is enough to make me run screaming from it all. People want to store property records in this shit! So an APT could crash the real estate market by just scrambling a whole bunch of property records. We might long for the Big Short days.