Post by @stani • Hey
DeFi community should celebrate exploits and bugs. Its not great when a protocol might get drained and affecting its users, but for the longer term attack
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I have actually thought about this after all the massive rugs and hacks
we may pay a tax for being early tho
There are plenty of examples of celebrating failures. Supercell celebrates with funerals for games that don't succeed. SpaceX celebrates even rocket launches that don't reach the orbit. In both cases millions or tens of millions of losses are incurred if not more.
All these great companies have potentials to gain massively once their faults/errors are patched. Should there be a similar mechanism in DEFI to reward the early risk takers?.
Let us make defi better
The problem is that many exploits are not purely a result of technical challenges exploited by blackhats, but rather the result of greedy and malicious players in the DeFi space - sometimes shady founders who rug in open sight. Unless we can increase accountability and ensure consequences for malicious actions, trust and adoption will remain low and that's not worth celebrating in my humble opinion.
Failure is the mother of success, we are standing on countless mistakes
No sacrifice, no reward. This world is built upon mistakes.
Failure is the mother of success
That's right, the community should help each other!
When you just got exploited you dont want to hear this. Especially not when it as through a flashloan from Aave, in this case @0vix protocol
all for a better world
Exactly true!
This place is better for the future!
we may pay a tax for being early tho!
This really is an excellent point of view, probably the most suitable for all the senses for our life......resilience to grow
may pay a tax for being early tho
oh yes
More clearly
we are still early!
Why am I charged for posting content?
I thought of this before, didn't expect it to happen
we are still early
looool thats ridiculous
I aggre sir 🙂
Makes sense!
Damn right
I think, its early
RT
kb
🫰🫰🫰